SLG - SL Green Signs 77000 Square Foot Lease with Stonepeak Partners at 245 Park Avenue | Benzinga
NEW YORK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that Stonepeak Partners, L.P., a leading international alternative investment firm, has signed a new 76,716 square foot, 15-year lease covering the entire 31st and 32nd floors at 245 Park Avenue. To date in 2023, SL Green has signed leases totaling 199,872 square feet in the building.
"We're delighted to welcome Stonepeak Partners to 245 Park Avenue as we commence a transformative redevelopment of the building," said Steven Durels, SL Green's Executive Vice President, Director of Leasing and Real Property. "Park Avenue continues to be the premier Manhattan submarket as world class companies increasingly focus on midtown as their preferred office location."
245 Park Avenue is a 1.8 million-square-foot, Class A office building located directly across from JP Morgan Chase's new world headquarters. SL Green has retained Kohn Pederson Fox to lead a redevelopment design which includes the installation of a jewel-like terra cotta overclad of the Park Avenue façade, new windows, new lobby and elevator cabs, ...