X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Aetna Life Insurance Co. is moving across the street from its present New York offices, signing a new 40,139-square-foot lease at SL Green Realty Corp.’s 100 Park Ave. The 10-year deal is for the entire 12th floor at the recently renovated 100 Park; asking rent is $65 per square foot.

In a release, Steven Durels, EVP and director of leasing and real property for SL Green, gives credit to 100 Park’s $72-million capital improvement program with attracting high-profile tenants. The REIT announced last week that the 825,815-square-foot 100 Park had achieved LEED-Silver certification.

Durels says in the release that the Aetna deal, in which the health care benefits company is relocating from 99 Park Ave., is part of “a flurry of leasing activity in the past 12 months ranging from BDO Seidman’s 121,441-square-foot lease last August to First Wall Street’s 15,945-square-foot deal and Wells Fargo Trade Capital’s 57,009-square foot lease.” He tells GlobeSt.com that Aetna is expected to occupy its new space in the first quarter of 2010.

Jones Lang LaSalle SVP Bill Korchak negotiated for Aetna in the transaction. S.L. Green was represented by a Cushman & Wakefield team that included vice chairman Tara Stacom, EVP Mitti Liebersohn, executive director Alexander Chudnoff, senior managing director Diana Biasotti and salespeople Jonathan Tootell and Andrew Ackerman.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.