SL Green Signs 144,000 Square Foot Renewal and Expansion Lease with Newmark at 125 Park Avenue
SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, has secured a significant lease agreement at 125 Park Avenue. The company announced a fifteen-year, 144,418 square foot renewal and expansion lease with Newmark & Company Real Estate, bringing Newmark's total footprint to 184,239 square feet.
The deal contributes to SL Green's strong leasing performance in 2025, with Manhattan office leases totaling 455,008 square feet and a current pipeline of approximately 975,000 square feet. The property, which is now over 99% leased, is undergoing improvements including a new lobby design and restoration of the building's entrance to its original design.
125 Park Avenue, designated as a New York City landmark for its contribution to Midtown East, is strategically located across from Grand Central Terminal.
SL Green Realty Corp. (NYSE: SLG), il più grande proprietario di uffici di Manhattan, ha ottenuto un importante contratto di locazione presso 125 Park Avenue. L'azienda ha annunciato un rinnovo e un'espansione di quindici anni per un totale di 144.418 piedi quadrati con Newmark & Company Real Estate, portando l'area totale di Newmark a 184.239 piedi quadrati.
Questo accordo contribuisce all'ottima performance di locazione di SL Green nel 2025, con contratti di locazione per uffici a Manhattan che ammontano a 455.008 piedi quadrati e un attuale pipeline di circa 975.000 piedi quadrati. La proprietà, attualmente oltre il 99% affittata, è in fase di miglioramenti, inclusi un nuovo design della hall e il restauro dell'ingresso dell'edificio al suo design originale.
125 Park Avenue, designato come un punto di riferimento di New York City per il suo contributo a Midtown East, è strategicamente situato di fronte alla Grand Central Terminal.
SL Green Realty Corp. (NYSE: SLG), el mayor propietario de oficinas de Manhattan, ha asegurado un importante contrato de arrendamiento en 125 Park Avenue. La empresa anunció un contrato de renovación y expansión de quince años y 144,418 pies cuadrados con Newmark & Company Real Estate, llevando la huella total de Newmark a 184,239 pies cuadrados.
Este acuerdo contribuye al sólido desempeño de arrendamiento de SL Green en 2025, con arrendamientos de oficinas en Manhattan que totalizan 455,008 pies cuadrados y un pipeline actual de aproximadamente 975,000 pies cuadrados. La propiedad, que ahora está alquilada en más del 99%, está experimentando mejoras que incluyen un nuevo diseño del vestíbulo y la restauración de la entrada del edificio a su diseño original.
125 Park Avenue, designado como un hito de la ciudad de Nueva York por su contribución a Midtown East, está estratégicamente ubicado frente a Grand Central Terminal.
SL Green Realty Corp. (NYSE: SLG), 맨해튼의 가장 큰 사무실 임대업체가 125 Park Avenue에서 중요한 임대 계약을 체결했습니다. 이 회사는 Newmark & Company Real Estate와 144,418 평방피트의 15년 갱신 및 확장 임대 계약을 발표하며, Newmark의 총 면적을 184,239 평방피트로 늘렸습니다.
이번 계약은 2025년 SL Green의 강력한 임대 성과에 기여하며, 맨해튼 사무실 임대는 총 455,008 평방피트에 달하고 현재 약 975,000 평방피트의 파이프라인을 보유하고 있습니다. 현재 99% 이상 임대된 이 부동산은 새로운 로비 디자인과 건물 입구의 원래 디자인 복원을 포함한 개선 작업이 진행 중입니다.
125 Park Avenue는 미드타운 이스트에 대한 기여로 뉴욕시 랜드마크로 지정되었으며, 그랜드 센트럴 터미널 맞은편에 전략적으로 위치해 있습니다.
SL Green Realty Corp. (NYSE: SLG), le plus grand propriétaire de bureaux de Manhattan, a sécurisé un contrat de location important au 125 Park Avenue. L'entreprise a annoncé un renouvellement et une extension de quinze ans de 144 418 pieds carrés avec Newmark & Company Real Estate, portant l'empreinte totale de Newmark à 184 239 pieds carrés.
Cette transaction contribue à la solide performance de location de SL Green en 2025, avec des baux de bureaux à Manhattan totalisant 455 008 pieds carrés et un pipeline actuel d'environ 975 000 pieds carrés. La propriété, qui est maintenant louée à plus de 99 %, est en cours d'améliorations, y compris un nouveau design du hall et la restauration de l'entrée du bâtiment à son design original.
Le 125 Park Avenue, désigné comme un site historique de la ville de New York pour sa contribution à Midtown East, est stratégiquement situé en face de Grand Central Terminal.
SL Green Realty Corp. (NYSE: SLG), der größte Bürovermieter in Manhattan, hat einen bedeutenden Mietvertrag in der 125 Park Avenue gesichert. Das Unternehmen gab einen fünfzehnjährigen Vertrag über eine Erneuerung und Erweiterung von 144.418 Quadratfuß mit Newmark & Company Real Estate bekannt, wodurch die Gesamtfläche von Newmark auf 184.239 Quadratfuß ansteigt.
Das Geschäft trägt zur starken Vermietungsleistung von SL Green im Jahr 2025 bei, mit Bürovermietungen in Manhattan, die insgesamt 455.008 Quadratfuß betragen, und einer aktuellen Pipeline von etwa 975.000 Quadratfuß. Die Immobilie, die jetzt zu über 99 % vermietet ist, wird derzeit verbessert, einschließlich eines neuen Lobby-Designs und der Wiederherstellung des Eingangs des Gebäudes in sein ursprüngliches Design.
125 Park Avenue, das als Wahrzeichen der Stadt New York für seinen Beitrag zu Midtown East ausgewiesen ist, befindet sich strategisch gegenüber dem Grand Central Terminal.
- 15-year lease renewal and expansion secured with Newmark (144,418 sq ft)
- Building occupancy rate exceeds 99%
- Strong 2025 leasing activity with 455,008 sq ft signed
- Robust pipeline of ~975,000 sq ft in Manhattan
- None.
NEW YORK, March 03, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, today announced it has signed a fifteen-year, 144,418 square foot renewal and expansion lease with Newmark & Company Real Estate, Inc. at 125 Park Avenue, increasing Newmark’s current footprint to 184,239 square feet. To date in 2025, SL Green has signed Manhattan office leases totaling 455,008 square feet, while maintaining a current pipeline of approximately 975,000 square feet.
“We are pleased to extend our valued relationship with Newmark,” said Steven Durels, Executive Vice President, Director of Leasing and Real Property at SL Green, who added “this is another example of the continued strength of the midtown Manhattan office market, which is showing significant tenant demand for high quality space near Grand Central Terminal.”
125 Park Avenue is over
The tenant was represented by Jason Perla, Brian Waterman, David Waterman and Matthew Schreiner of Newmark.
About SL Green Realty Corp.
SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of December 31, 2024, SL Green held interests in 54 buildings totaling 30.6 million square feet. This included ownership interests in 27.0 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.
SLG – GEN
PRESS CONTACT
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