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[IMGCAP(1)]NEW YORK CITY-Locally based SL Green Realty Corp. has completed a new 10-year lease agreement with Enterprise Asset Management Inc. to occupy 10,022 sf on the 18th floor of 521 Fifth Avenue. The lease is one of a string of notable leasing transactions following SL Green’s $25 million capital improvement program at the 39-story office tower, which is situated at 43rd Street only two blocks from Grand Central Terminal.

[IMGCAP(2)]According to Steven Durels, EVP and director of Leasing and Real Property for SL Green, “following its repositioning, 521 Fifth Ave. has become a magnet for financial services tenants and diversified corporate service providers. Enterprise, which provides private money management service, is just such a tenant. We are delighted to welcome them to our redeveloped property.”

[IMGCAP(3)]In December, Durels told GlobeSt.com that asking price today is $72 per sf, versus $45 per sf prior to the repositioning at the 521 Fifth Ave. property. Built in 1929, the 39-story 462,853-sf building’s other tenants include Starz Media Inc, a programming production and distribution company; Hiscox Inc., a UK reinsurance firm; and Sextant Search Partners, an executive search firm. Circuit City Stores Inc. is the ground and second floor retail anchor occupying a total of 25,866 sf.

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

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