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SL Green Starts 2020 with 240K SF in Office Leases
SL Green Realty Corp. has signed 239,771 square feet of office leases during the first two months of 2020 at a mark-to-market of 12.2% over the previous fully-escalated rents on the same office spaces.
Significant leases include:
• A renewal and expansion with Hudson Yards Construction LLC for 75,704 square feet at 410 Tenth Ave., for 25 years.
• A new 10-year lease with Memorial Hospital for Cancer and Allied Diseases for the entire second floor at 485 Lexington Ave. (pictured) encompassing 54,199 square feet.
• A new 10-year lease with KCP Holdco, Inc. (Kenneth Cole), for 37,169 square feet at 707 Eleventh Ave.
“Building off an incredibly active 2019, we’re pleased to announce an impressive start to 2020,” said Steven Durels, director of leasing and real property at SL Green. “Leasing velocity remains strong across all market segments and price points, with continued tenant demand in the TAMI, legal and financial services sectors.”
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- ◦Lease
