Renewal and Expansion Leases Covering 37,000 Square Feet
SL Green Realty Corp (NYSE: SLG), New York City’s largest office landlord, today announced two lease agreements totaling over 37,000 square feet at 420 Lexington Avenue, also known as The Graybar Building.
Litchfield Cavo LLP, a prominent litigation defense firm, has renewed its current 18,275-square-foot lease and has expanded into additional 8,346 square feet for a total commitment of 26,639 square feet. The firm’s tenancy will now extend through 2027. Michael Burlant of Cushman & Wakefield represented Litchfield Cavo in the transaction, while Adam Weissleder negotiated in-house on behalf of SL Green.
In addition, the Entertainment Software Association has extended its lease term through late 2022 and relocated within the building into 10,774 square feet. Michael Morris of Newmark Grubb Knight Frank represented the tenant in the transaction, while Mr. Weissleder represented SL Green.
“We’re delighted that Litchfield Cavo and Entertainment Software have each elected to renew and or expand with us” said Steven Durels, Executive Vice President, Director of Leasing and Real Property for SL Green, who added “the building is approximately 98% leased which speaks to the on-going desirability of the Grand Central submarket.”
At 31-stories and 1.5 million square feet, 420 Lexington provides direct access to Grand Central Terminal and is home to New York Life Insurance, Metro North Commuter Railroad and SL Green.
About SL Green Realty Corp.
SL Green Realty Corp., an S&P 500 company and New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of June 30, 2017, the Company held interests in 119 Manhattan buildings totaling 47.4 million square feet. This included ownership interests in 27.5 million square feet of Manhattan buildings and debt and preferred equity investments secured by 19.9 million square feet of buildings. In addition, the Company held ownership interests in 29 suburban buildings totaling 4.6 million square feet in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey. To be added to the Company's distribution list or to obtain the latest news releases and other Company information, please visit our website at www.slgreen.com or contact Investor Relations at (212) 594-2700.