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Hyundai Taps SL Green for Leasing, Management of Boutique Tribeca Offices

SL Green Realty Corp. has secured the asset management assignment to launch the leasing of 15 Laight St., a 109,000-square-foot, newly constructed boutique office building in Tribeca owned by the Hyundai Motor Group (HMG). In connection with an investment made through an affiliate of SL Green’s $1.3-billion debt fund, the company’s third-party asset management platform, Green Property Services, has been engaged by HMG to provide comprehensive leasing and asset management services.

“Hyundai Motor Group is one of the world’s great institutions, and this partnership reflects the trust they have placed in SL Green to bring 15 Laight St. to its full potential,” said Harrison Sitomer, president and CIO of SL Green. “We are combining our credit capabilities with our leasing and operating expertise to create a seamless solution for a premier global partner and to create value in an exceptional building for prospective tenants.”

Doug Middleton of CBRE Group represented ownership. Leasing will be overseen by Steven Durels of SL Green and Ryan Alexander of CBRE.

Photo courtesy of Gensler.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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