Lease Caps Another Strong Year for SL Green Retail
NEW YORK--(BUSINESS WIRE)--
SL Green Realty Corp (NYSE: SLG), New York City's largest commercial
property owner, and The Moinian Group, today announced that leading
fashion specialty retailer, Nordstrom, (NYSE:JWN) is expanding its
future Men's store at 3 Columbus Circle by another 3,973 square feet,
bringing its total leased space at the location to 46,991 square feet.
The Men's store is part of the retailer's New York City flagship
footprint, and the expansion will allow Nordstrom to occupy the
building's Broadway retail frontage in full, including the corners of
both 57th and 58th Street in addition to its flagship space at 225 West
57th Street.
Brett Herschenfeld, SL Green Managing Director, commented, "We are
thrilled to continue our partnership with Nordstrom, a preeminent
fashion retailer throughout North America. Nordstrom's expansion
reflects the prominence of 3 Columbus Circle's location and demonstrates
the continuing strong demand for high quality retail space in New York
City. This transaction caps the complex retail leasing program at 3
Columbus in which several tenants were bought out or relocated and
spaces combined to maximize selling area, providing significant
incremental revenues for the company."
The Nordstrom lease concludes an extremely successful 2016 for SL Green
Retail. Year to date, the company has executed 32 retail leases totaling
310,534 square feet, generating in excess of $70 million of rental
revenue.
Mr. Herschenfeld said, "SL Green has assembled a premier portfolio of
prime retail offerings in New York City with more locations to come. I
am proud of our team's results in 2016 and look forward to building upon
the momentum and pipeline we have going into 2017."
Derek Trulson of Jones Lang LaSalle represented Nordstrom in this
transaction.
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, 2016, the
Company held interests in 125 Manhattan buildings totaling 46.6 million
square feet. This included ownership interests in 28.1 million square
feet of commercial buildings and debt and preferred equity investments
secured by 18.6 million square feet of buildings. In addition, the
Company held ownership interests in 30 suburban buildings totaling 4.8
million square feet in Brooklyn, 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) 594-2700.
About Nordstrom
Nordstrom, Inc. is a leading fashion specialty retailer based in the
U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom
operates 349 stores in 40 states, including 123 full-line stores in the
United States, Canada and Puerto Rico; 215 Nordstrom Rack stores; two
Jeffrey boutiques; and two clearance stores. Additionally, customers are
served online through Nordstrom.com, Nordstromrack.com and HauteLook.
The company also owns Trunk Club, a personalized clothing service
serving customers online at TrunkClub.com and its seven clubhouses.
Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the
symbol JWN.
SLG- LEAS
View source version on businesswire.com: http://www.businesswire.com/news/home/20161205005315/en/
Brett Herschenfeld
Managing Director
SL Green Realty Corp.
(212)
594-2700
Source: SL Green Realty Corp.
News Provided by Acquire Media
