News: Brokerage

SL Green Realty completes leases at 600 Lexington

Caption

Manhattan, NY SL Green Realty has signed new leases with three financial firms at 600 Lexington Ave., the 304,750 s/f property located at the corner on East 52nd St.

GLC Advisors & Co. Holdings LLC signed a seven-year, 12,487 s/f lease for the 9th floor of the building; KCL Capital signed a five-year 6,780 s/f lease to occupy the 28th floor; and NexPhase Capital LP signed a five-year deal for the 12th floor. 

Daniel Posy and Jason Roberts of Savills Studley represented GLC Advisors and KCL tenants; Newmark Grubb Knight Frank’s Brian Goldman and Eric Cagner acted on behalf of NexPhase, and Paul Glickman, Diana Biasotti, Jonathan Fanuzzi and Ben Bass of Jones Lang LaSalle acted on behalf of SL Green.  

 “We are delighted to welcome these three prominent firms to 600 Lexington,” said Steven Durels, executive VP, director of leasing and real property at SL Green, “the building provides a rare combination of efficient, small floors with floor to ceiling windows and white glove service which is highly appealing to upscale tenants. This leasing activity brings the building to nearly 99% occupancy.”

Among other tenants in the building are Element Capital, Falcon Investment, MKP Capital Management, Intermediate Capital Group and LibreMax Capital LLC.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account