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SL Green Realty Corp. Signs Two Blockbuster Leases

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SL Green Realty Corp. (NYSE:SLG) today announced that it has signed two new, long-term office leases covering more than 390,000 square feet.

Bloomberg LP, the world’s premier information network, signed a 15-year lease covering 254,556 square feet for eight floors at 919 Third Avenue, the 47-story 1.5 million-square-foot property located between East 55th and 56th Streets.

Additionally, WeWork, provider of shared workspace, community and services, signed a 15-year lease covering 136,118 square feet, comprising all nine floors at 315 West 36th Street.

“Each of these transactions required extensive work with multiple tenants to create the blocks of space,” said Steven Durels, Executive Vice President, Director of Leasing and Real Property for SL Green, who added “these new leases are a testament to the continued strength of midtown Manhattan’s office leasing market.”

Peter Turchin, Gregg Rothkin, James Ackerson and Edward Goldman of CBRE represented the landlord at 919 Third Avenue. Hayes Realty Services represented WeWork at 315 West 36th Street while SL Green handled the transaction in-house on behalf of the building’s joint-venture ownership.

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, 2015, SL Green held interests in 117 Manhattan buildings totaling 43.6 million square feet. This included ownership interests in 29.0 million square feet of commercial buildings and debt and preferred equity investments secured by 14.6 million square feet of buildings. In addition to its Manhattan investments, SL Green held ownership interests in 37 suburban buildings totaling 5.9 million square feet in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey. For more information, please visit: http://slgreen.com/

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