12/09/2019 | Press release | Distributed by Public on 12/09/2019 07:00
2.3 Million Square Feet of Office Leases Signed Year to Date
Amazon Leases 335,000 square feet at 410 Tenth Avenue
NEW YORK--(BUSINESS WIRE)--Dec. 9, 2019-- SL Green Realty Corp., New York City's largest office landlord, today announced it has signed 1,157,104 square feet of office and retail leases to date during the 4th quarter of 2019. This raises the total amount of office leases signed year to date to 2,341,999 square feet.
Amazon signed a new 335,408 square foot lease at 410 Tenth Avenue, formerly known as 460 West 34th Street. This lease, together with the previously announced lease with First Republic Bank covering 211,521 square feet, increases the building occupancy to 96.2%.
Other significant office leases include:
These leases are in addition to the previously announced leases signed during the 4th quarter with BMW covering 226,556 square feet at 555 W 57th Street, Oak Hill Advisors at One Vanderbilt Avenue covering 45,954 square feet, Crowe LLP at 485 Lexington Avenue covering 44,493 square feet, West Monroe Partners at 825 Eighth Avenue covering 41,715 square feet, Carlyle Investment Management at One Vanderbilt Avenue covering 33,034 square feet and The Center on Addiction & Substance Abuse at 711 Third Avenue covering 30,035 square feet.
Significant new retail leases include:
'Leasing velocity has remained strong throughout the year with a notable uptick during the 4th quarter, during which we expect to sign over 1.3 million square feet of leases. A notable highlight of the year is the newly signed deal with Amazon which leased the majority of the remaining available office space at our recently acquired 410 Tenth Avenue where we are currently performing a comprehensive redevelopment of the building,' said Steven Durels, Executive Vice President and Director of Leasing and Real Property for SL Green, who added, ' There has been robust demand from tenants within the TAMI, FIRE and legal sectors and our portfolio of well-located and recently redeveloped buildings is particularly well suited to attract tenants from these industries.'
Additionally, SL Green Leasing LLC, as leasing agent, represented the landlord at 245 Park Avenue in the following office and retail leases:
About SL Green
SL Green Realty Corp., an S&P 500 company and New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of September 30, 2019, SL Green held interests in 93 Manhattan buildings totaling 45.0 million square feet. This included ownership interests in 27.2 million square feet of Manhattan buildings and 17.8 million square feet securing debt and preferred equity investments. In addition, SL Green held ownership interests in 7 suburban properties comprised of 15 buildings totaling 2.3 million square feet in Brooklyn, Westchester County, and Connecticut.
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Source: SL Green Realty Corp.