This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SL Green Signs Lease With Anchor Tenant At 635-641 Avenue Of The Americas

SL Green Realty Corp (NYSE:SLG) today announced that Infor, a leading provider of business application software serving more than 70,000 customers, has signed a long-term expansion lease more than doubling its size at 635-641 Avenue of the Americas. Infor’s expansion of 49,246 square feet covers 47% of the 635 building and increases its commitment at the combined buildings to 92,246 square feet.

“The market reaction to the revolutionary user experience we have built with our Hook & Loop creative team in New York has been overwhelming,” said Charles Phillips, CEO of Infor. “Just over a year after moving into our Manhattan headquarters, the number of customer visits to our HQ is up 20 times over our previous location in Alpharetta, and we are more than doubling our size to accommodate significant growth in this area of our business.”

The buildings were originally constructed in 1902 as one of the great department stores along the historic “Ladies Mile” and subsequently divided and operated as two separate buildings. SL Green is currently performing a comprehensive, building-wide redevelopment to re-combine the buildings. The work includes a new enlarged lobby, relocation of elevator shafts, new windows, restoration of historic façade and new storefronts, complete replacement of infrastructure serving the 635 building, construction of a new 10,000 square foot glass penthouse with 15’ ceilings and surrounding terrace together with a new rooftop deck with bocce court and landscaping available for use as entertainment space by all building tenants.

“We were delighted to work with Infor to meet their expansion needs and are very excited about the unique re-development of these beautiful buildings,” said Steven Durels, SL Green’s Executive Vice President and Director of Leasing and Real Property, who added “the building is a rare jewel within one of Manhattan’s most desirable neighborhoods.”

635-641 Avenue of the Americas is located between 19 th and 20 th Streets in Manhattan’s Midtown South submarket. The area is known for its large concentration of Internet, technology and new media companies. Midtown South, which is also known as “Silicon Alley”, is the tightest market of any Central Business District in the nation.

Cushman and Wakefield, led by Bruce Mosler, Chairman of Global Brokerage, Mark Mandell, Senior Director, Doron Etzioni and Ethan Silverstein, Director represented Infor in the transaction, while Jones Lang LaSalle’s Paul Glickman, Diana Biasotti, Benjamin Bass and Jonathan Fanuzzi represented SL Green.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,719.92 -78.57 -0.44%
S&P 500 2,080.41 -9.70 -0.46%
NASDAQ 5,108.6660 -18.8590 -0.37%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs