vanderbilt Archives - VALUEXPRESS - Commercial Mortgage Loans https://www.valuexpress.com/tag/vanderbilt/ Wed, 02 Feb 2022 22:31:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 1.9.22: SL GREEN’S ONE VANDERBILT IS 95% LEASED, EXCEEDING YEAREND GOAL https://www.valuexpress.com/1-9-22-sl-greens-one-vanderbilt-is-95-leased-exceeding-yearend-goal/ Sun, 09 Jan 2022 21:56:17 +0000 https://www.valuexpress.com/?p=4603 SL Green Realty, Manhattan’s largest office landlord, reported its trophy One Vanderbilt tower is 95.2% leased, even as its overall fourth-quarter occupancy rate declined. It’s just the latest sign that coveted top-tier properties are attracting tenants even while New York’s office market is still struggling to recover from the fallout of the pandemic. SL Green […]

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SL Green Realty, Manhattan’s largest office landlord, reported its trophy One Vanderbilt tower is 95.2% leased, even as its overall fourth-quarter occupancy rate declined. It’s just the latest sign that coveted top-tier properties are attracting tenants even while New York’s office market is still struggling to recover from the fallout of the pandemic.

SL Green said late Wednesday in a statement that One Vanderbilt, which opened in late 2020 next to Grand Central Terminal, added global investment holding company Tennor Holding B.V. in the fourth quarter in a new 10-year, 25,488-square-foot lease covering the entire 62nd floor together with a 7,134-square-foot Altus Suite, which offers smaller, fully furnished and ready-to-move-in space, located on the 54th floor. The 1,401-foot-tall property also signed bitcoin firm Cipher Mining to a new five-year lease covering a 6,454-square-foot Altus Suite, SL Green said.

As a result, SL Green said last year the tower would beat its year-end leasing target.

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9.6.20: SL GREEN VENTURE OPENS ONE VANDERBILT OFFICE TOWER IN MANHATTAN https://www.valuexpress.com/9-6-20-sl-green-venture-opens-one-vanderbilt-office-tower-in-manhattan/ Wed, 16 Sep 2020 18:57:10 +0000 https://www.valuexpress.com/?p=3786 A venture led by SL Green Realty Corp. has opened its 1.7-million-square-foot One Vanderbilt office tower in Manhattan. The 67-story property, which sits next to Grand Central Terminal between East 42nd and 43rd Streets, is about 70% leased to tenants that include TD Bank, Carlyle Group, Sentinel Capital Partners, Greenberg Traurig and McDermott, Will & […]

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A venture led by SL Green Realty Corp. has opened its 1.7-million-square-foot One Vanderbilt office tower in Manhattan. The 67-story property, which sits next to Grand Central Terminal between East 42nd and 43rd Streets, is about 70% leased to tenants that include TD Bank, Carlyle Group, Sentinel Capital Partners, Greenberg Traurig and McDermott, Will & Emery. SL Green will move into the building in December, while other tenants such as TD Bank and the Carlyle Group will also move in by the end of the year. In 2017, SL Green sold a 27.6% interest in the project to the National Pension Service of Korea and a 1.4% stake to Hines Interests.

The building will interconnect with Grand Central Terminal to provide access to Metro North, the subway and, in the future, LIRR — as part of the East Side Access project.

“Taking its rightful place on New York’s iconic skyline, One Vanderbilt will establish a state-of-the-art work environment in New York with unprecedented amenities, including 24-foot tall ceilings, incredible views and direct access to transit networks in the heart of East Midtown,” said Marc Holliday, Chairman and Chief Executive Officer of SL Green.

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