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Hedge Fund Verition Expands 245 Park Ave. Occupancy
SL Green Realty Corp. signed a 72,515-square-foot, 10-year lease at 245 Park Ave. with hedge fund Verition Group NY, Inc., raising occupancy in the building to 92.5%. Verition will expand its footprint by 34,413 square feet, relocating from the 35th floor to the entire 14th and 15th floors. The expansion increases SL Green’s office leases signed year to date to 3,002,971 square feet.
“We’re delighted to expand and extend our valued relationship with Verition Group,” said Steven Durels, EVP and director of leasing and real property at SL Green. “Our transformative redevelopment plan will elevate the tenant experience and identify 245 Park Ave. as one of the premier buildings in the country’s most desirable office market.”
Verition was represented by Bill Levitsky and John Cilmi, Jr. of Newmark. SL Green was represented by Cushman & Wakefield’s Bruce Mosler, Harry Blair, Tara Stacom, Ron LoRusso, Justin Royce, Pierce Hance and Will Yeatman.
- ◦Lease
