119,000 Square Foot Lease at One Vanderbilt Brings TD Bank’s Total
Commitment to 312,000 Square Feet
TD Securities Also Leases 52,000 Square Feet at Adjacent 125 Park
Avenue
NEW YORK--(BUSINESS WIRE)--Dec. 3, 2018--
SL Green Realty Corp. (NYSE:SLG), New York City’s largest office
landlord, today announced that TD Securities, a leading investment bank
and financial services provider, signed leases totaling 171,322 square
feet in two SL Green owned office buildings. TD Securities will take
118,872 square feet on the entire 10th and 12th floors plus a portion of
the 11th floor, joining its affiliate TD Bank, which previously
committed to 193,159 square-feet of office space at One Vanderbilt
Avenue. The cutting edge new office tower has already reaffirmed the
Grand Central office market as the center of Manhattan and is set to
change the New York City skyline in 2020. With this transaction, the
office portion of One Vanderbilt is now 52 percent leased, nearly two
years ahead of construction completion. TD Securities will also take an
additional 52,450 square feet of office space on floors 19 and 20 at SL
Green’s neighboring 125 Park Avenue.
“We’re delighted to welcome TD Securities to One Vanderbilt and expand
our relationship with TD Bank,” said Steven Durels, Executive Vice
President, Director of Leasing and Real Property for SL Green who
added, “Leasing velocity at One Vanderbilt has been extraordinary this
year as tenants begin to see the building’s exceptional architectural
design and experience its amazing ceiling heights, column free floors
and sweeping views.”
"Over the last decade, TD Securities has grown significantly in the
U.S., including in the New York region,” says Glenn Gibson, Vice
Chair, TD Securities. “Our new premises at One Vanderbilt and 125
Park Avenue reflect our commitment to our clients, colleagues and
ongoing US growth strategy, and will also continue to strengthen our
alignment with TD Bank, AMCB.”
TD Securities joins a distinguished roster of industry leading firms
which have committed to One Vanderbilt Avenue including TD Bank; global
alternative asset manager, The Carlyle Group; one of the nation’s
largest law firms, Greenberg Traurig; leading international law firm
McDermott Will & Emery; residential REIT MFA Financial; and global
German financial firms DZ and DVB Banks. Additionally, award-winning
chef Daniel Boulud has partnered with SL Green to create a premier
restaurant experience in the building.
Earlier this year, the American Institute of Architects (AIA) recognized
One Vanderbilt and its architecture firm, Kohn Pedersen Fox (KPF)
Associates, with the prestigious AIA NY Merit Award in Urban Design.
Encompassing an entire city block, the building is 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. Anchoring the modernization of East
Midtown, One Vanderbilt will provide tenants with a combination of
amenities unrivaled in New York City, including a 30,000-square-foot
tenant-only amenity floor with large format meeting spaces, club style
lounge and extraordinary outdoor terrace. Immediately adjacent to Grand
Central Terminal, the building will create direct connections to the
surrounding transit network. SL Green is investing an unprecedented $220
million in private funds to upgrade the transit system.
TD Securities was represented by the CBRE brokerage team of Robert
Alexander, Ryan Alexander, Doug Lehman and Christopher Hogan.
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, 2018, SL
Green held interests in 106 Manhattan buildings totaling 46.4 million
square feet. This included ownership interests in 28.2 million square
feet of Manhattan buildings and 18.2 million square feet of buildings
securing debt and preferred equity investments. In addition, SL Green
held ownership interests in 15 suburban buildings totaling 2.3 million
square feet in Brooklyn, Westchester County, and Connecticut.
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
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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
View source version on businesswire.com: https://www.businesswire.com/news/home/20181203005255/en/
Source: SL Green Realty Corp.
Investors:
Matt DiLiberto
Chief Financial Officer
SL
Green Realty Corp.
(212) 594-2700
Press:
BerlinRosen
slgreen@berlinrosen.com
646.452.5637
