NEW YORK - SL Green Realty Corp (NYSE: SLG) today announced that Proctor & Gamble Hair Care LLC, a subsidiary the world's largest manufacturer of consumer brands specializing in beauty, grooming and household products, has signed a 10-year+ lease covering 10,093 square feet for the entire third floor of 120 West 45th Street, aka Tower 45.
“We are delighted to welcome P&G to Tower 45,” said Steve Durels, Executive Vice President and Director of Leasing and Real Property for SL Green, who added “leasing activity at the building has been robust with seven leases signed within the past five months covering almost 50,000 square feet. The building has tremendous appeal because of its excellent location in the Grand Central submarket and because of its many recent upgrades.”
Completed renovations at the 397,188-square-foot, 40-story boutique office property include upgrades to the new outdoor plaza featuring a water wall and three-story high light sculpture suspended overhead, lobby upgrades, street front enhancements and new elevator cabs, common corridors and restrooms.
Patrick Heeg of Jones Lang LaSalle represented Proctor & Gamble, while the Jones Lang LaSalle Team of Paul Glickman, Frank Doyle, Mitti Liebersohn, Diana Biasotti and David Kleiner 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 September 30, 2013, SL Green owned interests in 89 Manhattan properties totaling 42.3 million square feet. This included ownership interests in 23.9 million square feet of commercial properties and debt and preferred equity investments secured by 14.9 million square feet of properties. In addition to its Manhattan investments, SL Green holds ownership interests in 31 suburban assets totaling 5.4 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 28 properties totaling 3.7 million square feet in southern California.