Newswire

SL Green Inks 3 Leases Covering 81,304 Square Feet at One Vanderbilt Avenue

One Vanderbilt

SL Green Realty Corp. has signed three new leases at One Vanderbilt Avenue, its recently opened skyscraper in East Midtown. MSD Partners, a leading investment adviser, has signed a 35,567-square-foot, 15-year lease covering the entire 26th floor. MSD Partners was formed in 2009 by the partners of MSD Capital which exclusively manages the assets of Michael S. Dell and his family. Mamoura Holdings (US) LLC has signed a 28,448 square foot, 10-year lease covering the entire 51st floor. Mamoura Holdings is wholly owned by Mubadala Investment Company, a sovereign investor managing a diverse portfolio of assets in the UAE and abroad.

Additionally, Nearwater Management LLC, a specialty finance company focused on providing asset-based financing solutions, has signed a 17,289-square-foot, seven-year lease covering a portion of the 33rd floor. They join Altus Suites, SL Green’s first foray into flex office space, which has taken the entire 54th floor, as reported by Crain’s New York Business. Standing 1,401 feet tall, One Vanderbilt Avenue is now 79% leased.

“The leasing velocity at One Vanderbilt demonstrates the overwhelming demand by leading companies for highly amenitized, new, state-of-the-art office construction that is centrally-located near mass transit,” said Steven Durels, executive vice president and director of leasing and real property at SL Green. “We have now signed 11 new leases at One Vanderbilt since the beginning of the pandemic and anticipate leasing velocity to remain strong as New York City’s revitalization continues, employees return to the office and tenants continue to seek new or highly improved office space to meet their future needs.”

Major upcoming milestones for the 1.7 million-square-foot One Vanderbilt include the opening of world-renowned chef Daniel Boulud’s new restaurant, Le Pavillon, on May 19, 2021, which will occupy 11,000 square feet on the second floor, facing Grand Central with a view of the Chrysler Building. Additionally, One Vanderbilt’s observation deck, Summit at One Vanderbilt, is set to open this fall.

Building tenants include TD Securities, a leading banking and investment firm that provides a wide range of capital markets products and services and TD Bank, America’s Most Convenient Bank, one of the ten largest banks in the U.S.; private equity firms The Carlyle Group, KPS Capital Partners, Oak Hill Advisors, InTandem Capital, SageWind Capital and Sentinel Capital Partners; law firms Greenberg Traurig and McDermott Will & Emery; global German financial firm DZ Bank; financial consulting firm Accordion Partners; publicly traded real estate investment trust MFA Financial Inc.; boutique real estate capital markets advisor Hodges Ward Elliott; Walker & Dunlop LLC, a commercial real estate finance company; and SL Green Realty Corp.

All building tenants are afforded access to an amenities package that includes a 30,000-square-foot tenant-only amenity floor with large format meeting spaces, club-style lounge, curated food offerings from Daniel Boulud and a landscaped terrace which overlooks Grand Central Terminal. Office floors feature floor-to-ceiling slab heights ranging from 14.5 feet to 24 feet, column-free floor plates, 360-degree views through floor-to-ceiling windows and best-in-class infrastructure.

Scott Panzer of Jones Lang LaSalle represented MSD Partners. Justin Aronson of CBRE represented Mamoura Holdings. Alexander Chudnoff and Kip Orban of Jones Lang LaSalle represented Nearwater Management. Robert Alexander, Ryan Alexander, Emily Jones and Alex D’Amario of CBRE represented the landlord in each transaction.

 

 

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