C&W reps SL Green in 44,716 s/f lease to Wells Fargo at 100 Park Ave.

According to SL Green Realty Corp., an affiliate of Wells Fargo Bank, Wells Fargo Trade Capital, has signed a 10-year lease totaling 44,716 s/f at 100 Park Ave. They will occupy the building's entire third floor. James Travers and James Fish of Travers Realty, together with Keith Caggiano of CB Richard Ellis, represented Wells Fargo Trade Capital, while Paul Glickman, Tara Stacom, Alex Chudoff, Mitti Liebersohn, Diana Biasotti, Jonathan Tootell and Andrew Ackerman of Cushman & Wakefield acted on behalf of SL Green. The transaction is the latest of several major leases executed at 100 Park Ave. after SL Green recently completed its award winning $72 million redevelopment project. The project is on course to earn a silver LEED designation and was named BOMA's "Best Renovated Building." Other notable tenants include BDO Seidman LLP, J&W Seligman Company Inc., and Kreindler & Kreindler. The transaction follows a record-breaking flurry of activity in 2008 that included 1.52 million s/f in SL Green's Manhattan portfolio of new and renewal leases in the Fourth Quarter, inclusive of a renewal lease with Viacom for substantially all of the office space located at 1515 Broadway. Additional 2009 lease transaction highlights portfolio wide include: * Cappelli Enterprises: 16,000 s/f at 115 Stevens Avenue, Valhalla. * SciMed, LLC: 15,274 s/f at 420 Lexington Ave. * The City of New York: 11,016 s/f at 16 Court St., Brooklyn. Marc Holliday, CEO of SL Green, said, "The past year has been a challenging one for office property owners everywhere, including in N.Y.C. and the tri-state area, as many companies are finding it hard to quantify their near-to-mid-term space needs and make leasing commitments. What helps SL Green to weather this difficult period is having extremely well-positioned and well-operated properties providing great value to tenants. Plus we have an outstanding team of leasing and management professionals continuing to source and complete more than our share of available deals."