SL Green Signs Two Marquee Tenants At 810 Seventh Avenue

SL Green Realty Corp. (NYSE: SLG) today announced that Omega Advisors, Inc. and Dragados USA, Inc. have signed new leases covering a total of 39,757 square feet at 810 Seventh Avenue.

Omega Advisors, led by Leon Cooperman, will occupy the entire 33 rd floor covering 17,320 square feet for a new 7 year lease. Omega is one of the world’s leading investment advisors with over $8 billion under management.

Dragados signed a new 15+-year lease covering 22,437 square feet on the entire ninth floor for its North America headquarters – a consolidation of its Midtown and Westchester offices. Dragados is a subsidiary of the global construction firm Actividades de Construcción y Servicios of Spain and is currently working on the extension of the No. 7 subway line in New York City.

“We are delighted to welcome both of these marquee tenants to 810 Seventh Avenue,” said Steven R. Durels, Executive Vice President and Director of Leasing and Real Property for SL Green, who added, “The recent building upgrades and sweeping Central Park views have attracted several new tenants to the property.”

810 Seventh Avenue is a 41-story, 695,000 square foot tower located at West 53 rd Street. A recently completed capital improvement program at the building features a new lobby, new common corridors, new bathrooms new elevator cabs and infrastructure upgrades.

Other noteworthy building tenants include Sidley Austin, LLP, Aegis Capital Holding Corp, New Cingular Wireless, Louis Glick Diamond Corp. and Ion Media Networks, Inc.

Neil Goldmacher of Newmark Grubb Knight Frank represented Omega Advisors and Marc Miller of Murray Hill Properties represented Dragados in the transactions while Tara Stacom, Barry Zeller, Michael Nahamias, Whitten Morris and Peter Alden of Cushman & Wakefield acted on behalf of SL Green.

About SL Green Realty Corp.

SL Green Realty Corp., New York City's largest office landlord, is the only 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, 2013, SL Green owned interests in 87 Manhattan properties totaling 42.8 million square feet. This included ownership interests in 27.8 million square feet of commercial properties and debt and preferred equity investments secured by 15.0 million square feet of properties. In addition to its Manhattan investments, SL Green holds ownership interests in 36 suburban assets totaling 6.4 million square feet in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey, along with three development properties in the suburbs encompassing approximately 0.4 million square feet. The Company also has ownership interests in 30 properties totaling 4.1 million square feet in southern California.

Copyright Business Wire 2010

If you liked this article you might like

I'll Take Manhattan, With SLG

I'll Take Manhattan, With SLG

A High-Income Hedge Against the Coming Wave of Dividend Cuts

A High-Income Hedge Against the Coming Wave of Dividend Cuts

REITs, Real Estate and Donald Trump in 2017

REITs, Real Estate and Donald Trump in 2017

3 Top REIT Plays Heading Into the Trump Presidency

3 Top REIT Plays Heading Into the Trump Presidency

S&P Dow Jones Indices Launching New Real Estate Sector

S&P Dow Jones Indices Launching New Real Estate Sector