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SL Green Starts Q2 with 107K SF of Leases

SL Green Realty Corp. signed 12 office leases totaling 107,325 square feet in the first three weeks of April. This includes 34,013 square feet at One Vanderbilt Ave., bringing the under-construction tower to more than 67% leased.

Highlights include:

• InTandem Capital Partners and Sagewind Capital jointly leased 10,650 square feet at One Vanderbilt, represented by JLL’s Lloyd Desatnick.
• Oak Hill Advisors expanded by 23,848 square feet at One Vanderbilt to 69,802 square feet, represented by NKF’s Lance Korman, Brian Waterman and Jared Horowitz. In both One Vanderbilt leases, CBRE’s Robert Alexander, Ryan Alexander, Emily Jones and Alex D’Amario represented ownership.
• HQ Global Workplaces, 27,825-square-foot renewal at 100 Park Ave.
• Sentry Center 810 Seventh LLC, 23,362-square-foot renewal at 810 Seventh Ave.

“2020 leasing activity continues, albeit at a slower pace in the current environment,” said SL Green’s Steven Durels. “Tenants are re-assessing per employee space allocations with an eye toward de-densifying.”

Pictured: One Vanderbilt.

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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 13-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 15-20 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 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).