NEW YORK--(BUSINESS WIRE)--SL Green Realty Corp (NYSE:SLG) today announced that Schulte Roth & Zabel LLP, one of the nation's leading full-service law firms with offices in New York, Washington, D.C. and London, has signed a 15-year renewal lease covering 283,894 square feet for its headquarters at 919 Third Avenue. The space is comprised of the entire 19-27 floors.
"Schulte Roth and Zabel is one of the nation's premier law firms and we are delighted that they have elected to extend their long-term occupancy with us at 919 Third Avenue," said Steven Durels, executive vice president, Director of Leasing and Real Property for SL Green.
"We are excited to have extended the lease of our NY office through 2036. As we celebrate 45 years since the firm's founding, this is a particularly important moment for Schulte Roth & Zabel. We are making a long-term commitment to 919 Third Avenue and to our future, and look forward to continuing to build on our successes in the decades to come. Indeed, we are pleased to work in this premier building and the great experience we have had as tenants speaks directly to the fine leadership at SL Green," said Jeffrey A. Lenobel, a partner at Schulte Roth & Zabel LLP, where he chairs the Real Estate Group and serves on the firm's Executive Committee and Operating Committee.
919 Third Avenue is a 47-story, 1.5 million-square-foot tower offering panoramic views of New York City, located on the block front between East 55th and 56th Streets. The building is currently undergoing a capital improvement program that includes upgrades to the lobby, entrance and plaza. In addition to Schulte Roth & Zabel LLP, other prestigious building tenants include Bloomingdales and Debevoise & Plimpton, LLP.
CBRE's Lewis Miller represented Schulte Roth & Zabel LLP in the transaction. The Schulte Roth & Zabel LLP team was led by Mr. Lenobel and Brian F. Schare, Chief Operating Officer. The team also included real estate partner Robert S. Nash and associate Alykhan A. Shivji. The American Lawyer magazine ranked Schulte Roth & Zabel as one of the "2014 Global 100: Top-Grossing Law Firms in the World."
About SL Green Realty Corp.
SL Green Realty Corp., 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, 2014, SL Green held interests in 94 Manhattan buildings totaling 44.9 million square feet. This included ownership interests in 28.0 million square feet of commercial buildings and debt and preferred equity investments secured by 16.9 million square feet of buildings. In addition to its Manhattan investments, SL Green held ownership interests in 35 suburban buildings totaling 5.9 million square feet in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey. For more information, please visit: http://slgreen.com/
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