SL Green Expects to Have Signed 400,000 SF of Leases for Q4
The REIT has signed 393,056 square feet of Manhattan office leases to date during the fourth quarter.
SL Green Realty has signed 393,056 square feet of Manhattan office leases to-date during the fourth quarter of 2020, bringing the total to 1,176,681 square feet year-to-date. The REIT also reports that leases expected to be signed before the end of the year will result in over 400,000 square feet of Manhattan office leases signed in the fourth quarter and total Manhattan office leasing volume in excess of 1.2 million square feet for the year.
Significant leases include:
- Travelers Indemnity Company signed a 5-year lease renewal covering 133,479 square feet covering the entire 6th through 8th floors at 485 Lexington Avenue. The tenant was represented by Robert Ageloff of Jones Lang LaSalle.
- 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 Michael Liss and Justin Aronson of CBRE and the landlord was represented by Robert Alexander, Ryan Alexander, Emily Jones, and Alex D’Amario of CBRE.
- Cohen & Gresser signed a 10-year lease extension covering 33,900 square feet on the entire 19th through 21st floors at 800 Third Avenue. The tenant was represented by Noel Flagg of Newmark Knight Frank.
- Reitler, Kailas & Rosenblatt signed a new 13-year renewal and expansion lease covering 32,364 square feet on the entire 20th and 21st floors at 885 Third Avenue. The tenant was represented by Andrew Sachs and John Cilmi of Newmark Knight Frank and the landlord was represented by Brian Waterman and Scott Klau of Newmark Knight Frank.
- RSC Insurance Brokerage signed a new 16-year lease covering 24,515 square feet on the entire 15th floor at 750 Third Avenue. The tenant was represented by Michael Gottlieb, Joseph Gervino, Ron Perry, Larry Epstein and Matt Perry of Avison Young. The landlord was represented by Paul Glickman, Diana Biasotti and Jonathan Fanuzzi of Jones Lang LaSalle.
- 1Life Healthcare, Inc. d/b/a One Medical signed a new 15-year lease covering 4,924 square feet on a portion of the ground and 2nd floor at One Vanderbilt Avenue. One Medical is a membership-only, modern primary care platform with seamless digital health and in-office care for individuals and businesses within the membership. It will serve as an additional amenity to the tenants at One Vanderbilt. The tenant was represented by Stephen Sjurset and Robert Bonicaro of CBRE and the landlord was represented by Alan Schmerzler, Michael O’Neill, Steven Soutendijk, Jason Greenstone and Sean Moran of Cushman & Wakefield.
The Heidrick & Struggles and One Medical leases bring the total to seven leases signed at One Vanderbilt Ave. since the outbreak of Covid-19.