NEW YORK--(BUSINESS WIRE)--
SL Green Realty Corp (NYSE:SLG) today announced that Schulte Roth &
Zabel LLP, one of the nation's leading full-service law firms with
offices in New York, Washington, D.C. and London, has signed a 15-year
renewal lease covering 283,894 square feet for its headquarters at 919
Third Avenue. The space is comprised of the entire 19-27 floors.
"Schulte Roth and Zabel is one of the nation's premier law firms and we
are delighted that they have elected to extend their long-term occupancy
with us at 919 Third Avenue," said Steven Durels, executive vice
president, Director of Leasing and Real Property for SL Green.
"We are excited to have extended the lease of our NY office through
2036. As we celebrate 45 years since the firm's founding, this is a
particularly important moment for Schulte Roth & Zabel. We are making a
long-term commitment to 919 Third Avenue and to our future, and look
forward to continuing to build on our successes in the decades to come.
Indeed, we are pleased to work in this premier building and the great
experience we have had as tenants speaks directly to the fine leadership
at SL Green," said Jeffrey A. Lenobel, a partner at Schulte Roth & Zabel
LLP, where he chairs the Real Estate Group and serves on the firm's
Executive Committee and Operating Committee.
919 Third Avenue is a 47-story, 1.5 million-square-foot tower offering
panoramic views of New York City, located on the block front between
East 55th and 56th Streets. The building is
currently undergoing a capital improvement program that includes
upgrades to the lobby, entrance and plaza. In addition to Schulte Roth &
Zabel LLP, other prestigious building tenants include Bloomingdales and
Debevoise & Plimpton, LLP.
CBRE's Lewis Miller represented Schulte Roth & Zabel LLP in the
transaction. The Schulte Roth & Zabel LLP team was led by Mr. Lenobel
and Brian F. Schare, Chief Operating Officer. The team also included
real estate partner Robert S. Nash and associate Alykhan A. Shivji. The
American Lawyer magazine ranked Schulte Roth & Zabel as one of the
"2014 Global 100: Top-Grossing Law Firms in the World."
About SL Green Realty Corp.
SL Green Realty Corp., 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 June 30, 2014, SL Green held interests in
94 Manhattan buildings totaling 44.9 million square feet. This included
ownership interests in 28.0 million square feet of commercial buildings
and debt and preferred equity investments secured by 16.9 million square
feet of buildings. In addition to its Manhattan investments, SL Green
held ownership interests in 35 suburban buildings totaling 5.9 million
square feet in Brooklyn, Long Island, Westchester County, Connecticut
and New Jersey. For more information, please visit: http://slgreen.com/
Forward-looking Statement
This press release includes certain statements that may be deemed to
be "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 and are intended to be covered
by the safe harbor provisions thereof. All statements, other than
statements of historical facts, included in this press release that
address activities, events or developments that we expect, believe or
anticipate will or may occur in the future, are forward-looking
statements. Forward-looking statements are not guarantees of future
performance and we caution you not to place undue reliance on such
statements. Forward-looking statements are generally identifiable by the
use of the words "may," "will," "should," "expect," "anticipate,"
"estimate," "believe," "intend," "project," "continue," or the negative
of these words, or other similar words or terms.
Forward-looking statements contained in this press release are
subject to a number of risks and uncertainties, many of which are beyond
our control, that may cause our actual results, performance or
achievements to be materially different from future results, performance
or achievements expressed or implied by forward-looking statements made
by us. Factors and risks to our business that could cause actual results
to differ from those contained in the forward-looking statements are
described in our filings with the Securities and Exchange Commission. We
undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of future events, new information or
otherwise.
SLG-LEAS
SL Green Realty Corp.
Steven Durels, 212-216-1617
Exec VP
Director
of Leasing and Real Property
or
Rubenstein Associates
Melanie
Keenan, 212-843-8092
mkeenan@rubenstein.com
Source: SL Green Realty Corp
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