NEW YORK CITY-Konica Minolta Business Solutions Inc., an office equipment manufacturer, has traded in its offices at SL Green Realty Corp.’s 420 Lexington Ave. for a 13-year lease on the 26,400-sf, 19th floor at 485 Lexington Ave. to accommodate its expanding business needs.

Frank Coco of Cushman & Wakefield Inc. represented the tenant and Paul Glickman, Mitti Liebersohn, Diana Biasotti, Tara Stacom, Alexander Chudnoff and Steven Bauer of Cushman & Wakefield Inc. represented the landlord in this transaction.

“We were able to provide Konica Minolta with expansion space in a high-profile building and simultaneously recapture their existing lease, which had several years of remaining term. This is an example of the benefits provided tenants within our portfolio of properties,” says Steven Durels, EVP and director of leasing and real property for SL Green. “We’re delighted we were so rapidly able to facilitate new accommodations for Konica Minolta at 485 Lexington Ave. where the company’s name and reputation are strong complements to the property’s prominent tenant roster.”

Located on Lexington Avenue between 46th and 47th streets just steps from Grand Central Terminal, 485 Lexington Ave. is a 32-story building containing 926,122 sf. The recent redevelopment of the property by SL Green included replacement of 4,000 windows, enhanced electric and HVAC capacities, new lobby and new storefronts together with an extensive re-branding program. Prominent tenants include Citigroup, St. Paul Travelers and Omnicom Group.

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