New York, NY – April 10, 2009 – (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) announced today that Stone Source LLC, long-standing tenant at 215 Park Avenue South, has renewed and expanded its headquarters lease at the 20-story property. A leading provider of natural stone to architects and designers, Stone Source will occupy a total of 16,500, expanding by 5,087 square feet, onto the entire seventh floor when it takes over the additional space in 2013.
“We were pleased to work with Stone Source, which has been a tenant since the mid 1980’s, to structure a long-term solution to accommodate their on-going growth within the building,” said Steven Durels, Executive Vice President and Director of Leasing and Real Property for SL Green.
Cushman & Wakefield’s Mitchell Arkin and Mark Mandel represented Stone Source in the transaction, while Howard J. Tenenbaum and Gary M. Rosen acted on behalf of SL Green.
Built in 1914, other tenants at the 330,000-square-foot property include Houghlin Mifflin Co., H&M, Kimball International, and Perkins and Will.
About SL Green Realty Corp.
SL Green Realty Corp. is a self-administered and self-managed real estate investment trust, or REIT, that predominantly acquires, owns, repositions and manages Manhattan office properties. The Company is the only publicly held REIT that specializes in this niche. As of June 30, 2008, the Company owned 30 New York City office properties totaling approximately 23,719,200 square feet, making it New York’s largest office landlord. In addition, SL Green holds investment interests in, among other things, eight retail properties encompassing approximately 400,212 square feet, two development properties encompassing approximately 363,000 square feet and two land interests, along with ownership interests in 36 suburban assets totaling 7,867,500 square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey.
