$25 million


[IMGCAP(2)]According to Steven Durels, EVP and director ofLeasing and Real Property for SL Green, "following itsrepositioning, 521 Fifth Ave. has become a magnet for financialservices tenants and diversified corporate service providers.Enterprise, which provides private money management service, isjust such a tenant. We are delighted to welcome them to ourredeveloped property."


[IMGCAP(3)]In December, Durels told GlobeSt.com that askingprice today is $72 per sf, versus $45 per sf prior to therepositioning at the 521 Fifth Ave. property. Built in 1929, the39-story 462,853-sf building's other tenants include Starz MediaInc, a programming production and distribution company; HiscoxInc., a UK reinsurance firm; and Sextant Search Partners, anexecutive search firm. Circuit City Stores Inc. is the ground andsecond floor retail anchor occupying a total of 25,866 sf.


Kevin Wang of KRW Realty Advisors represented Enterprise AssetManagement in the transaction. David Turino of SL Green representedthe landlord. As of Dec. 31, 2007, SL Green owned 32 New York Cityoffice properties totaling approximately 24.7 million sf.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.