SL Green Realty Sees More Success

Steven Durels is SL Greens executive vice president and director of leasing.

Steven Durels is SL Greens executive vice president and director of leasing.
Steven Durels is SL Greens executive vice president and director of leasing.
SL Green realty has seen good news, with the full occupation of its office building at 635-41 Sixth Ave. One of the largest software enterprises in the world, Infor has contracted a lease for 635 Sixth Ave penthouse.

The penthouse is a duplex spanning 21,802 square feet of office space. Infor now leases a combined 114,991 square feet in the building with this addition.

The building is located at 635 Sixth Avenue between 19th and 20th Streets. Built in 1901 it has 8 stories and was housed the Apex technical school. The building features a complete redevelopment in Design; including a new lobby, new windows, new elevators, new tenant controlled air conditioning, new storefronts, new state of the art infrastructure, a new roof deck with bocci court and a new glass penthouse with a terrace.

In 2012, SL Green bought the two buildings for $172 million from Atlas Capital Group. At the time, its president Andrew Mathias said of the procurement, “This is a great example of how we utilize our extensive relationships and know-how to capitalize on opportunities.”

Currently, the firm plan to create a single redevelopment by fully combining the two buildings.

SL Green executive vice president, Steven Durels, director of leasing and real property, made the following statement in regards to the lease: “The office portion of the 271,000-square-foot property is 100% leased months in advance of the scheduled completion date for the re-development work. The comprehensive re-development includes a new enlarged lobby, relocation of elevator shafts, new windows, new bathrooms, restoration of the historic façade, new storefronts, state-of-the-art infrastructure and a new rooftop tenant entertainment space with signature bocce court.”

Bruce Mosler, Mark Mandell, Doron Etzioni and Ethan Silverstein of Cushman & Wakefield represented Infor in the deal.

SL Green is a fully integrated real estate investment trust. The company’s primary focus is on the gaining, managing and maximizing the value of Manhattan commercial properties. Over 70 Manhattan properties are included in their portfolio. Suburban assets are also owned and operated by SL Green in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey. The largest landlord for office space in Manhattan is SL Green.

LEAVE A REPLY

Your email address will not be published. Required fields are marked with *

YOU MAY ALSO LIKE

Google Fiber Becoming a Household Favorite

More and more Americans are rejecting traditional cable and are cutting the cord, which has opened up the market for innovative brands like Google Fiber to dominate. Alphabet was “the lone standout for TV service,” a Consumer Reports survey said....

INTERNATIONAL NEWS