Occupying the Entire 26th
Floor, Interconnected German Banks Will Join TD Bank as Global Financial
Institutions at Iconic New York City Tower
NEW YORK--(BUSINESS WIRE)--
SL Green Realty Corp. (NYSE:SLG), New York City's largest commercial
landlord, today announced that two of Germany's most notable financial
institutions, Deutsche Zentral-Genossenschaftsbank ("DZ BANK") and DVB
Bank SE ("DVB Bank") have signed new leases to locate their New York
offices at One Vanderbilt Avenue, the 58-story skyscraper currently
being constructed next to Grand Central Terminal. Each tenant signed
separate, 15-year leases which in combination cover the entire 26th
floor of 35,382 square feet. DZ BANK and DVB will join TD Bank, which
has signed on to anchor approximately 200,000 square feet of space in
One Vanderbilt. Signed three years before opening, these leases build on
One Vanderbilt's momentum and further solidify its status as the premier
new office destination in New York for leading companies from around the
world.
"With construction progressing quickly and tenant interest continuing to
intensify, there is tangible momentum behind the rise of this
game-changing office building. We are delighted to welcome global
industry leaders, DZ BANK and DVB Bank to One Vanderbilt," said Steven
Durels, SL Green Director of Leasing and Real Property.
Ralf Weingartner, General Manager of DZ BANK New York branch said,
"We are proud to move into the most modern building in Midtown
Manhattan, where we are continuing our excellent relationship with our
landlord, SL Green Realty. Both DZ BANK and DVB now have a
future-oriented setup that will be in the best interest of all employees
and secure a sustainable future for our businesses for years to come. We
have been located in New York City for decades and look forward to the
next 40 years in this most important financial center."
One Vanderbilt construction is on schedule for completion in 2020. Since
SL Green broke ground on the 1,401 foot building in October 2016,
workers have poured 4,200 cubic yards of concrete into the building's
foundation, which marked the largest single continuous pour in New York
City history. After foundation work was completed, steel erection began
in July 2017 and will utilize 25,000 tons of domestically-fabricated
structural steel. To date, over 1,500 tons of steel has been erected and
steel fabrication has been completed through the 39th floor.
Two tower cranes are now fully operational and the steel superstructure
is now rising above grade.
Designed by Kohn Pedersen Fox (KPF) Associates, One Vanderbilt will
anchor the modernization of the Midtown business district, encompassing
an entire city block, bounded by Madison and Vanderbilt Avenues to the
west and east, and East 43rd and East 42nd Streets to the north and
south. Expected to achieve both LEED Gold under version 4.0 and WELL
certification, the trophy tower will feature floor-to-ceiling slab
heights ranging from 14'6" to 24', column-free floor plates, stunning
360-degree views through floor-to-ceiling windows and best-in-class
infrastructure. It will provide tenants with a combination of amenities
unrivaled in New York City, including a 30,000-square-foot tenant-only
amenity floor with outdoor terrace. In partnership with celebrated Chef
Daniel Boulud, One Vanderbilt will offer a world-class 11,000
square-foot restaurant with private dining opportunities. Immediately
adjacent to the city's most important transit hub, One Vanderbilt will
provide direct connection to the Grand Central Terminal transit network.
Evan Margolin, Lance Leighton and Brad Wolk of Savills-Studley
represented DZ and DVB Banks in the 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 June 30, 2017, the
Company held interests in 119 Manhattan buildings totaling 47.4 million
square feet. This included ownership interests in 27.5 million square
feet of Manhattan buildings and debt and preferred equity investments
secured by 19.9 million square feet of buildings. In addition, the
Company held ownership interests in 29 suburban buildings totaling 4.6
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 DZ BANK and DVB Bank SE
DZ BANK is the second largest bank in Germany by asset size and the
central institution for more than 1,000 co-operative banks and their
12,000 branch offices. DZ BANK is headquartered in Frankfurt, Germany,
and maintains branches, subsidiaries and representative offices in key
financial centers and economic regions worldwide. DVB Bank SE is a
subsidiary of DZ BANK, specializing in international transportation
finance.
SLG-LEAS
View source version on businesswire.com: http://www.businesswire.com/news/home/20170926005943/en/
SL Green Realty Corp.
Nicole Kolinsky, 646.263.1527
nicole.kolinsky@berlinrosen.com
Source: SL Green Realty Corp.
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