SL Green Realty Corp. (NYSE: SLG) announced today that Robert Half International, Inc. has signed a new 38,026 square foot, 11 year, lease at 125 Park Avenue, covering the entire fourth and part of the third floors.
Robert Half International, the world's largest specialized staffing firm, is a recognized leader in professional consulting and staffing services.
125 Park Avenue, strategically located directly across 42nd Street from New York City’s Grand Central Terminal, is a classically ornate, fully modernized 654,852-square-foot office building.
“This lease, together with a recently signed new lease with Emerge212 covering 30,679 square feet, improves leasing to 83.6%,” said Steven Durels, SL Green’s Director of Leasing and Real Property, adding “these two transactions covering a total of 68,705 square feet at 125 Park Avenue were both signed within the past 30 days.”The Company also announced today that WPP’s Young & Rubicam, Inc. (Y&R) has signed a lease for an additional 34,634 square feet at 3 Columbus Circle, a 26-story, 768,565 square foot property. The new 20-year lease covering the entire 11th floor is co-terminus with Y&R’s existing lease and increases its total commitment at 3 Columbus Circle to 373,766 square feet on 11 full floors. “We are delighted to assist in Y&R’s rapid space expansion,” said Mr. Durels, who added “after recently completing a comprehensive redevelopment and repositioning of 3 Columbus Circle, we’re pleased that the office portion of the building is now at 73.6% leased as compared to an office occupancy of 17.2% at the time that SL Green took control of the building and commenced our repositioning plan in 2011.” For the lease transaction with Robert Half International at 125 Park Avenue, Hal Stein and Neil Goldmacher of Newmark Grubb Knight Frank represented the tenant and SL Green was represented by Brian Waterman, David Falk, Daniel Levine, Peter Shimkin and Jonathan Tootell of Newmark Grubb Knight Frank.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV