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Travelers Indemnity Renews 133K SF at 485 Lex

Travelers Indemnity Company signed a five-year, 133,479-square-foot lease renewal at SL Green Realty Corp.’s 485 Lexington Ave. The tenant was represented by JLL’s Robert Ageloff in the largest of six fourth-quarter leases across the REIT’s Manhattan portfolio.

In another major Q4 deal, Heidrick & Struggles signed a new 12-year lease covering 36,031 square feet on the entire 25th floor at One Vanderbilt. The tenant was represented by CBRE’s Michael Liss and Justin Aronson, while their colleagues Robert Alexander, Ryan Alexander, Emily Jones and Alex D’Amario represented ownership.

Additionally, Cohen & Gresser signed a 10-year, 33,900-square-foot lease extension at 800 Third Ave. The tenant was represented by Newmark’s Noel Flagg.

“We feel that we were a very well-positioned portfolio before the pandemic and now set ourselves apart even further following upgrades in response to COVID-19, creating the safest work environment possible,” said EVP Steven M. Durels at SL Green.

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Connect With SL Green's DurelsConnect With CBRE's Robert AlexanderConnect With JLL’s Ageloff

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).

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