SL Green Signs Two New Leases At One Vanderbilt Avenue Covering 43,000 Square Feet
January 28, 2021 at 03:13 am IST
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SL Green Realty Corp. announced a pair of new leases at One Vanderbilt Avenue, the recently opened skyline-defining tower in the heart of East Midtown. Walker & Dunlop, LLC, a premier commercial real estate finance company, has signed a 16,614-square-foot, seven-year lease for a portion of the 33rd floor. Separately, a financial services firm has signed a 26,770-square-foot, 15-year lease for the entire 55th floor. Combined, the leases raise leased occupancy at One Vanderbilt to 73%. Standing 1,401 feet tall, One Vanderbilt is the new headquarters for many of the world’s leading finance, banking, law and real estate firms. The 1.7 million-square-foot skyscraper offers an unparalleled combination of amenities, innovative office design, technology, best-in-class sustainability and healthy workplace environment together with direct connection to Grand Central Terminal. Building tenants include TD Securities, a leading banking and investment firm that provides a wide range of capital markets products and services and TD Bank, America's Most Convenient Bank, one of the ten largest banks in the U.S.; private equity firms The Carlyle Group, KPS Capital Partners, Oak Hill Advisors, InTandem Capital, SageWind Capital and Sentinel Capital Partners; law firms Greenberg Traurig and McDermott Will & Emery; global German financial firm DZ Bank; publicly traded real estate investment trust MFA Financial Inc.; boutique real estate capital markets advisor Hodges Ward Elliott; and SL Green Realty Corp. All building tenants are afforded access to an amenities package unrivaled in New York Cityoffice buildings, including a 30,000-square-foot tenant-only amenity floor with large format meeting spaces, club-style lounge, curated food offerings and an extraordinary outdoor terrace that overlooks Grand Central Terminal. Office floors feature floor-to-ceiling slab heights ranging from 14.5 feet to 24 feet, column-free floor plates, stunning 360-degree views through floor-to-ceiling windows and best-in-class infrastructure. Additionally, world-renowned chef Daniel Boulud’s new restaurant, ‘Le Pavillon’ will occupy 11,000 square feet, located on the southeast corner of the second floor, facing Grand Central with a striking view of the Chrysler Building. Emily Jones and Reeves McCall of CBRE represented Walker & Dunlop. Robert Alexander, Ryan Alexander and Alex D’Amario of CBRE represented the landlord in the Walker & Dunlop transaction. Dale Schlather of Cushman & Wakefield represented the financial services firm. Robert Alexander, Ryan Alexander, Emily Jones and Alex D’Amario of CBRE represented the landlord in this transaction.
SL Green Realty Corp. is a self-managed real estate investment trust (REIT). The Company is engaged in the ownership, management, operation, acquisition, development, redevelopment and repositioning of commercial real estate properties, principally office properties, located in the New York metropolitan area, principally Manhattan. Its primary business objective is to maximize the total return to stockholders, through dividends, earnings and asset value appreciation. The Companyâs segments include real estate, debt and preferred equity investments, and SUMMIT. The Company owned or held interests in over 13 consolidated commercial office buildings encompassing approximately 8.4 million rentable square feet and 12 unconsolidated commercial office buildings encompassing approximately 15.4 million rentable square feet located primarily in midtown Manhattan. It also owned or held interests in 10 prime retail properties. In addition, it manages one office building and one retail building.