Press Release Details
CBS Broadcasting Signs Early Renewal for 282,000 Square Feet at SL Green's 555 West 57th Street
New York, NY - July 27, 2010 - SL Green Realty Corp. (NYSE: SLG) today announced that CBS Broadcasting, Inc. has signed a lease extension through December 31, 2023 covering its 281,896 square feet at 555 West 57th Street, the 20-story, approximately one million square-foot property located on Manhattan's West Side.
"This large lease renewal, together with Healthfirst's new lease for 172,000 square feet at 100 Church Street and the 157,000 square feet of renewal leases just signed by corporate giants Pepsico and Citigroup in Westchester and Fairfield counties, respectively, represents over 610,000 square feet of lease commitments transacted in the past few days," said Steven Durels, Executive Vice President and Director of Leasing and Real Property for SL Green. "CBS, Citigroup and Pepsico were all renewals, confirming that large tenants are choosing to lock in favorable occupancy costs with financially stable landlords while also providing building owners with long-term stability and rent increases over and above the in-place rent."
Other tenants within the building include City University of New York, St. Lukes Roosevelt, Greater New York Hospital Association and BMW of Manhattan.
CBRE's Michael Laginestra, Scott Gottlieb and Andrew Sussman represented CBS Broadcasting, while Mr. Durels acted in-house on behalf of SL Green.
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, 2010, the Company owned interests in 30 New York City office properties totaling approximately 22,012,215 square feet, making it New York's largest office landlord. In addition, at June 30, 2010, SL Green held investment interests in, among other things, eight retail properties encompassing approximately 374,812 square feet, three development properties encompassing approximately 399,800 square feet and two land interests, along with ownership interests in 31 suburban assets totaling 6,804,700 square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey.
To be added to the Company's distribution list or to obtain the latest news releases and other Company information, please visit our website at www.slgreen.com or contact Investor Relations at 212-216-1601.
CONTACT
Steven Durels, Exec VP,
Director of Leasing and Real Property
SL Green Realty Corp.
(212) 216-1617