Repositioned 485 Lex attracts three more top-flight tenants.

SL Green Realty Corp. announced that it has signed new leases with Nortel Networks, Imperial Capital, LLC and Sheresky, Aronson and Mayefsky LLP respectively at Grand Central Square's 485 Lexington Avenue.

The new leases total 54,656 s/f. Covering three full floors, these transactions complete over 756,000 s/f of leasing following Green's repositioning of this Class-A property and result in 88% occupancy at the property.

Located near Grand Central Terminal on Lexington Avenue between 46th and 47th Streets, 485 Lexington Avenue contains 926,122 rentable square feet on 32 stories.

SL Green recently completed an extensive $25 million capital program that included replacement of 4,000 windows, upgrading of electric and HVAC capacities, new lobby and new storefronts together with an extensive re-branding program.

Prominent building tenants include Citigroup, one of the nation's leading financial institutions, Omnicom, the world's largest advertising company, St. Paul Travelers, international provider of property casualty insurance and surety products, Fairchild Publications, publisher of trade and consumer newspapers and books, and Novantas, LLC, prominent international management consulting firm.

The new leases include: Nortel Networks signed a new 10-year lease agreement for its New York regional headquarters covering 27,250 s/f, comprising of the entire 18th floor. Jonathan Schindler of Colliers ABR represented the tenant in this transaction;

Imperial Capital, LLC, a Toronto-based merchant bank, signed a new 10-year lease for the entire 28th floor totaling 13,703 s/f. Owen Hane of Cushman & Wakefield, Inc. represented the tenant in this transaction.

Sheresky, Aronson and Mayefsky, LLP, a leading matrimonial law firm signed a new 10-year lease covering the entire 27th floor totaling 13,703 s/ f. William Mendelson of Newmark Knight Frank represented the tenant in this transaction.

"We're very proud that we have so capably maintained the velocity of high quality leasing transactions at 485 Lexington Avenue and we welcome Nortel Network, Imperial Capital and Sheresky, Aronson and Mayefsky to the building as valued new tenants," said Steven Durels, executive vice president and director of leasing for SL Green. "Not only do these leasing transactions speak to the considerable appeal of the property following the completion of our redevelopment program, but also to the desirability of the Grand Central Terminal submarket by major corporations and prominent private businesses."

Paul Glickman, Tara Stacom, Mitti Leibersohn, Alex Chudnoff, Steven Bauer and Diana Biasotti of Cushman & Wakefield, Inc. and David Turino of SL Green Realty Corp. represented the landlord.