Press Release Details

Armani to Remain at 760 Madison through 2024

NEW YORK--(BUSINESS WIRE)-- SL Green Realty Corp. (NYSE:SLG), New York City's largest commercial property owner and an S&P 500 company, today announced a new lease agreement with Giorgio Armani Corp. that will allow Armani to remain in its flagship retail space at 760 Madison Avenue at rental rates reflective of today's market.

SL Green Managing Director, Brett Herschenfeld, said, "While we were initially attracted to the development potential of 760 Madison Avenue, our ability to work with Giorgio Armani to achieve immediate market rental rates for an asset of this quality compelled us to enter into this flagship lease opportunity."

SL Green CEO, Marc Holliday, said, "Giorgio Armani represents the epitome of fashion and we are thrilled to have executed a lease with them at one of New York City's most sought after retail spaces. We have the utmost respect for Giorgio Armani and their executive team and are pleased to retain them in the SL Green portfolio at one of our finest retail assets."

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 September 30, 2015, SL Green held interests in 121 Manhattan buildings totaling 43.2 million square feet. This included ownership interests in 30.6 million square feet of commercial buildings and debt and preferred equity investments secured by 12.6 million square feet of buildings. In addition to its Manhattan investments, SL Green held ownership interests in 35 suburban buildings totaling 5.3 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

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SL Green Realty Corp.
Andrew Mathias
President
212-594-2700
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Jeremy Soffin
BerlinRosen Public Affairs
646-200-5318

Source: SL Green Realty Corp.

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