SL Green Realty Corp. recently announced the signing of several leases totaling approximately 333,000 square feet at its Midtown Manhattan properties.
The total value of the transactions was not disclosed.
Included are 275,000 square feet of leases at the newly repositioned Grand Central Square complex with St. Paul Travelers (210,609 square feet), Fairchild Publications Inc. (52,573 square feet) and Drake Beam Morin (11,465 square feet).
At Grand Central Square’s 485 Lexington Ave. building, St. Paul Travelers will be located in the base of the building for 10 1/2 years commencing February 2006, and Fairchild Publications has leased the entire second floor for 15 years commencing February 2006. The Fairchild lease represents an expansion of its existing space at 750 Third Ave., for a total commitment within the complex of 327,111 square feet. At the adjacent 750 Third Ave. building, Drake Beam Morin has leased an entire tower floor for 10 years beginning in December 2005.
SLG Leasing LLC and Cushman & Wakefield Inc. jointly serve as the leasing agent at Grand Central Square. The Staubach Co. represented St. Paul’s Travelers and Drake Beam Morin on their lease, while CB Richard Ellis represented Fairchild Publications.
SL Green also announced that Polo Ralph Lauren has expanded at 625 Madison Ave. by 48,207 square feet, by leasing the entire 6th and part of the third floors for a total occupancy of 234,207 square feet. SLG Leasing LLC and Cushman Wakefield Inc. represented the landlord, while Studley Inc. represented the tenant.
SL Green Realty Corp. is a self-administered and self-managed real estate investment trust that predominantly acquires, owns, repositions and manages a portfolio of Manhattan office properties.
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