NEW YORK--(BUSINESS WIRE)--Mar. 4, 2019--
SL Green Realty Corp. (NYSE:SLG), New York City’s largest office
landlord, today announced that The Carlyle Group, a global investment
firm, has expanded its 15-year lease to occupy an additional 32,592
square feet on the entire 35th floor at One Vanderbilt, the
1,401-foot office tower in East Midtown set to redefine the New York
City skyline. The Carlyle Group will now lease 127,744 square feet
across floors 35 through 38.
A sign of its successful leasing and construction progress, the building
is now 54-percent leased ahead of its planned 2020 opening. Since
breaking ground in 2016, the super structure has reached the 73rd
floor, which is the tower’s top office floor below the planned
observatory deck. Construction of the observatory deck will begin later
this month.
“Global business leaders like The Carlyle Group see the advantage of One
Vanderbilt’s world-class tenant and amenity experience, state-of-the-art
office design and direct access to public transportation, all attributes
that make East Midtown the center of commerce in New York,” said Marc
Holliday, Chief Executive Officer of SL Green.
The Carlyle Group is part of a distinguished roster of top-tier
financial, banking and legal firms that have committed to relocating to
One Vanderbilt. Other tenants previously announced at the building
include: TD Securities and TD Bank, a leading banking and investment
group that provides a wide range of capital markets products and
services; one of the nation’s largest law firms, Greenberg Traurig;
leading international law firm McDermott Will & Emery; global German
financial firms DZ and DVB Banks; publicly traded real estate investment
trust MFA Financial Inc.; and SL Green Realty Corp. Award-winning chef
Daniel Boulud has partnered with SL Green to create a signature
restaurant experience in the building.
The American Institute of Architects (AIA) recognized One Vanderbilt and
its architecture firm, Kohn Pedersen Fox (KPF) Associates, with the
prestigious 2018 AIA NY Merit Award in Urban Design. Encompassing an
entire city block, the building is bounded by Madison and Vanderbilt
Avenues to the west and east, and East 43rd and East 42nd Streets to the
north and south. Expected to achieve both LEED Gold under version 4.0
and WELL certification, the trophy tower will feature floor-to-ceiling
slab heights ranging from 14'6" to 24', column-free floor plates,
stunning 360-degree views through floor-to-ceiling windows and
best-in-class infrastructure. Anchoring the modernization of East
Midtown, One Vanderbilt will provide tenants with a combination of
amenities unrivaled in New York City, including a 30,000-square-foot
tenant-only amenity floor with large format meeting spaces, club style
lounge and extraordinary outdoor terrace. Immediately adjacent to Grand
Central Terminal, the building will create direct connections to the
surrounding transit network. SL Green is investing an unprecedented $220
million in private funds to upgrade the transit system.
Steven Rotter, Joseph Messina, Greg Lubar, Steven Spartin, Jessica
Berkey and Andrew Lutzer of JLL represented The Carlyle Group. Robert
Alexander, Ryan Alexander, Emily Jones and Alex D’Amario of CBRE
represented the landlord.
About SL Green Realty Corp.
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 December 31, 2018, SL
Green held interests in 101 Manhattan buildings totaling 46.0 million
square feet. This included ownership interests in 27.8 million square
feet of Manhattan buildings and 18.2 million square feet of buildings
securing debt and preferred equity investments. In addition, SL Green
held ownership interests in 7 suburban properties comprised of 15
suburban buildings totaling 2.3 million square feet
in Brooklyn, Westchester County, and Connecticut.
SLG-LEAS
View source version on businesswire.com: https://www.businesswire.com/news/home/20190304005498/en/
Source: SL Green Realty Corp.
Matt DiLiberto
Chief Financial Officer
212.594.2700
