SL Green Signs TD Securities to 171,000 Square Feet at One Vanderbilt Avenue and 125 Park Avenue
NEW YORK--(BUSINESS WIRE)--Dec 3, 2018--SL Green Realty Corp. (NYSE:SLG), New York City’s largest office landlord, today announced that TD Securities, a leading investment bank and financial services provider, signed leases totaling 171,322 square feet in two SL Green owned office buildings. TD Securities will take 118,872 square feet on the entire 10th and 12th floors plus a portion of the 11th floor, joining its affiliate TD Bank, which previously committed to 193,159 square-feet of office space at One Vanderbilt Avenue. The cutting edge new office tower has already reaffirmed the Grand Central office market as the center of Manhattan and is set to change the New York City skyline in 2020. With this transaction, the office portion of One Vanderbilt is now 52 percent leased, nearly two years ahead of construction completion. TD Securities will also take an additional 52,450 square feet of office space on floors 19 and 20 at SL Green’s neighboring 125 Park Avenue.
“We’re delighted to welcome TD Securities to One Vanderbilt and expand our relationship with TD Bank,” said Steven Durels, Executive Vice President, Director of Leasing and Real Property for SL Green who added, “Leasing velocity at One Vanderbilt has been extraordinary this year as tenants begin to see the building’s exceptional architectural design and experience its amazing ceiling heights, column free floors and sweeping views.”
“Over the last decade, TD Securities has grown significantly in the U.S., including in the New York region,” says Glenn Gibson, Vice Chair, TD Securities. “Our new premises at One Vanderbilt and 125 Park Avenue reflect our commitment to our clients, colleagues and ongoing US growth strategy, and will also continue to strengthen our alignment with TD Bank, AMCB.”
TD Securities joins a distinguished roster of industry leading firms which have committed to One Vanderbilt Avenue including TD Bank; global alternative asset manager, The Carlyle Group; one of the nation’s largest law firms, Greenberg Traurig; leading international law firm McDermott Will & Emery; residential REIT MFA Financial; and global German financial firms DZ and DVB Banks. Additionally, award-winning chef Daniel Boulud has partnered with SL Green to create a premier restaurant experience in the building.
Earlier this year, the American Institute of Architects (AIA) recognized One Vanderbilt and its architecture firm, Kohn Pedersen Fox (KPF) Associates, with the prestigious AIA NY Merit Award in Urban Design. Encompassing an entire city block, the building is bounded by Madison and Vanderbilt Avenues to the west and east, and East 43rd and East 42nd Streets to the north and south. Expected to achieve both LEED Gold under version 4.0 and WELL certification, the trophy tower will feature floor-to-ceiling slab heights ranging from 14′6″ to 24′, column-free floor plates, stunning 360-degree views through floor-to-ceiling windows and best-in-class infrastructure. Anchoring the modernization of East Midtown, One Vanderbilt will provide tenants with a combination of amenities unrivaled in New York City, including a 30,000-square-foot tenant-only amenity floor with large format meeting spaces, club style lounge and extraordinary outdoor terrace. Immediately adjacent to Grand Central Terminal, the building will create direct connections to the surrounding transit network. SL Green is investing an unprecedented $220 million in private funds to upgrade the transit system.
TD Securities was represented by the CBRE brokerage team of Robert Alexander, Ryan Alexander, Doug Lehman and Christopher Hogan.
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 September 30, 2018, SL Green held interests in 106 Manhattan buildings totaling 46.4 million square feet. This included ownership interests in 28.2 million square feet of Manhattan buildings and 18.2 million square feet of buildings securing debt and preferred equity investments. In addition, SL Green held ownership interests in 15 suburban buildings totaling 2.3 million square feet in Brooklyn, Westchester County, and Connecticut.
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Chief Financial Officer
SL Green Realty Corp.
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES REIT BANKING FINANCE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE
SOURCE: SL Green Realty Corp.
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PUB: 12/03/2018 07:30 AM/DISC: 12/03/2018 07:30 AM