Increases Total Commitment to 458,998 Square Feet
NEW YORK--(BUSINESS WIRE)--
SL Green Realty Corp. (NYSE:SLG), New York City's largest commercial
property owner, today announced that leading business and financial
information network, Bloomberg LP, has signed an expansion lease
covering 204,442 square feet at 919 Third Avenue, the 47-story tower
spanning the entire block between East 55th and 56th
Streets.
The new lease, for a term through February 2029, covers the entire fifth
through ninth floors and part of the eleventh floor, increasing
Bloomberg's total tenancy in the 1.5 million-square-foot building to
458,998 square feet.
"This transaction underscores the healthy leasing activity that we have
seen in the Midtown market," said Steven Durels, Director of Leasing and
Real Property at SL Green. "We are delighted that Bloomberg selected 919
Third Avenue to satisfy their expansion needs."
Craig Reicher, Howard Fiddle, Chris Mansfield and Chris Corrinet of CBRE
represented Bloomberg, while SL Green negotiated the transaction
in-house.
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 March 31, 2016, the
Company held interests in 121 Manhattan buildings totaling 47.7 million
square feet. This included ownership interests in 29.9 million square
feet of commercial buildings and debt and preferred equity investments
secured by 17.8 million square feet of buildings. In addition, the
Company held ownership interests in 31 suburban buildings totaling 4.9
million square feet in Brooklyn, Long Island, Westchester County,
Connecticut and New Jersey.
SLG-LEAS
View source version on businesswire.com: http://www.businesswire.com/news/home/20160720005437/en/
Steven Durels, Exec VP,
Director of Leasing and Real Property
SL
Green Realty Corp.
(212) 216-1617
Source: SL Green Realty Corp.
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