SL Green Reports Robust Leasing at Start of 2013 457,677 Sq. Ft. of Leases Signed YTD
SL Green Realty Corp. (NYSE: SLG) today announced positive leasing
results for the first two months of 2013 highlighted by a 150,865 square
foot lease signed with Eisner Amper at 750 Third Avenue. The Company
also indicated that its New York City leasing pipeline – consisting of
transactions currently in late stage negotiations or awaiting final
signatures – remains very strong as well.
Thirty-five leases covering 457,677 square feet have been signed in SL
Green’s Manhattan portfolio so far this year. Activity currently in the
pipeline is in excess of 600,000 square feet.
SL Green CEO Marc Holliday commented, “Even though first-quarter leasing
is typically slow, we entered 2013 with confidence, given our overall
assessment of the New York commercial real estate market and knowing
what we had in the pipeline at that point. Our results and activity
since January have far outpaced our expectations.”
Mr. Holliday will provide further commentary at today’s Citi 2013 Global
Property CEO Conference.
Other notable leases included:
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WPP Group USA, Inc. signed a 43,294 square foot renewal lease at 100
Park Avenue.
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The Federative Republic of Brazil signed a 30,320 square foot new
lease at 220 East 42nd Street.
-
Major, Lindsey & Africa LLC signed a 21,677 square foot new lease at
521 Fifth Avenue.
-
Chinatrust Commercial Bank, Ltd. signed a 20,987 square foot new lease
at 521 Fifth Avenue.
About SL Green Realty Corp.
SL Green Realty Corp., New York City's largest office landlord, is the
only fully integrated real estate investment trust, or REIT, that is
focused primarily on acquiring, managing and maximizing value of
Manhattan commercial properties. As of December 31, 2012, SL Green owned
interests in 85 Manhattan properties totaling 40.8 million square feet.
This included ownership interests in 27.8 million square feet of
commercial properties and debt and preferred equity investments secured
by 13.0 million square feet of properties. In addition to its Manhattan
investments, SL Green holds ownership interests in 31 suburban assets
totaling 5.4 million square feet in Brooklyn, Long Island, Westchester
County, Connecticut and New Jersey, along with four development
properties in the suburbs encompassing approximately 0.5 million square
feet. The Company also has ownership interests in 31 properties totaling
4.5 million square feet in southern California.
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subject to a number of risks and uncertainties that may cause our actual
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