Tenant Relocates and Expands Within SLG Portfolio
SL Green Realty Corp (NYSE: SLG) today announced that fast-growing, international law firm Goldberg Segalla LLP has nearly doubled in size at SL Green’s 711 Third Avenue, signing an 11+ year lease covering 23,679 square feet for its New York City headquarters.
The firm currently occupies 12,487 square feet at SL Green’s 600 Lexington Avenue. When it relocates by the end of this year, Goldberg Segalla will occupy the entire 19th and a portion of the 18th floors of the 20-story, 583,000-square-foot building.
711 Third is located one block east of Grand Central Terminal and is well-known for its distinctive lobby featuring an elaborate mosaic design created by famous German artist Hans Hofmann.
“We were delighted to assist Goldberg Segalla with its expansion. This demonstrates a unique advantage as New York City’s largest commercial landlord to be able to accommodate the ever changing space needs of our tenants,” said Steven Durels, director of leasing and real property for SL Green, who added that “during the last 14 months, a total of 177,745 square feet has been leased at the property”.
Kyle J. Ciminelli of Newmark Grubb Knight Frank represented Goldberg Segalla in the transaction, while Howard J. Tenenbaum and Gary M. Rosen acted on behalf of SL Green in-house.
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, 2016, the Company held interests in 121 Manhattan buildings totaling 47.7 million square feet. This included ownership interests in 29.9 million square feet of commercial buildings and debt and preferred equity investments secured by 17.8 million square feet of buildings. In addition, the Company held ownership interests in 31 suburban buildings totaling 4.9 million square feet in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey.
