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One Vanderbilt Ave. rendering Architectural rendering of One Vanderbilt Ave. currently under construction./ Courtesy of SL Green

NEW YORK CITY—KPS Capital Partners LP has signed a deal with SL Green Realty to lease 28,024 square feet, the entire 52nd floor at One Vanderbilt for 15 years. The global private equity firm is sticking to Midtown East, moving from its current location at 485 Lexington Ave. that’s between E. 46th and E. 47th streets. A source with knowledge of the deal tells GlobeSt.com that asking rent in the KPS lease was $200 per square foot.

Betsy Kim

Betsy Kim is the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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