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SL Green inks 54,000 s/f Lexington Ave. lease.


SL Green Realty realty n. a short form of "real estate." (See: real estate)


REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property.
 Corp. has negotiated a new 15-year lease with New Plan Excel A full-featured spreadsheet for Windows and the Macintosh from Microsoft. It can link many spreadsheets for consolidation and provides a wide variety of business graphics and charts for creating presentation materials.  Realty Trust, Inc. one of the country's largest retail real estate investment trusts, for 54,179 s/f of office space at the Graybar Building, located at 420 Lexington Avenue.

With this lease, SL Green's occupancy rate Noun 1. occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time
pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred)
 at the Graybar Building is now over 98 percent. It is the 37th leasing agreement the company has signed at the property year-to-date, and brings the total square footage leased at the building this year to 154,986.

This lease will allow New Plan Excel Realty to expand its headquarters, which were previously located at 1120 Avenue of the Americas.

New Plan Excel Realty will occupy the entire seventh floor, which will be completely reconstructed re·con·struct  
tr.v. re·con·struct·ed, re·con·struct·ing, re·con·structs
1. To construct again; rebuild.

2.
 on a "build-to-suit" basis by SL Green's full-service in-house construction department.

Steven Durels, Senior Vice President and Director of Leasing at SL Green, said that New Plan Excel
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 30, 2004
Words:154
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