SL Green Office Leasing Volume Exceeds 1.4 Million Square Feet in 2024

NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced that it signed leases totaling 420,513 square feet during the second quarter of 2024 and leases totaling an additional 367,401 square feet in July to date. This increases the total office leases signed year-to-date to 1,421,574 square feet, while maintaining a pipeline of approximately 1.2 million square feet.

Notable leases signed since the first quarter include:

• Ares Management, a leading global investment manager, signed a 15-year, 307,336 square foot lease covering floors 37-44 at 245 Park Avenue, which included a 175,587 square foot renewal and 131,749 square feet of expansion space. Chris Corrinet, Lewis Miller, Michael Geohegan, Munish Viralam and Cara Chayet of CBRE represented the tenant. Patrick Murphy, Bruce Mosler, Tara Stacom, Harry Blair, Ron LoRusso, Justin Royce, Pierce Hance and Will Yeatman of Cushman & Wakefield represented the landlord.
  

• Elliot Management Corp, one of the oldest fund managers with over $65 billion in assets, signed a new 12-year, 149,437 square foot lease at 280 Park Avenue. Neil Goldmacher, Chris Mongeluzzo and Eric Zemachson of Newmark represented Elliot. Mary Ann Tighe, Peter Turchin, Gregg Rothkin, Jason Pollen and Hannah Gerard of CBRE represented the landlord.

• Tradeweb Markets LLC, a leading global operator of electronic marketplaces for rates, credit, equities and money markets, signed a new 15-year, 75,825 square foot lease covering floors 29 and 30 at 245 Park Avenue. David Kleiner, Michael Berg, Will McGarry and Finley Burger of Jones Lang LaSalle represented Tradeweb. Patrick Murphy, Bruce Mosler, Tara Stacom, Harry Blair, Ron LoRusso, Justin Royce, Pierce Hance and Will Yeatman of Cushman Wakefield represented the landlord.

• Golenbock Eiseman Assor Bell & Peskoe, a multi-practice law firm, signed an 8-year, 38,050 square foot renewal lease covering floors 16 and 17 at 711 Third Avenue. Rob Silver and Scott Brown of Newmark represented the tenant.

• Brightwood Capital Advisors, a private-credit lender to small and midsize businesses, signed a 10-year, 17,320 square foot renewal lease covering the 26^th floor at 810 Seventh Avenue. Jared Horowitz of Newmark represented Brightwood.
  

“Leasing momentum has maintained a healthy pace throughout the first half of the year with tenant demand focused on buildings that have been upgraded, amenitized and are located near mass transit, which is the hallmark of the SL Green portfolio,” said Steven Durels, Executive Vice President and Director of Leasing and Real Property at SL Green.

About SL Green Realty Corp.
SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of June 30, 2024, SL Green held interests in 55 buildings totaling 31.8 million square feet. This included ownership interests in 28.1 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.

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