SL Green signs 67,000 s/f in lease at Grand Central tower.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. announced the signing of three new leases at Grand Central Square's 485 Lexington Avenue in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , totaling 68,377 s/f. The transactions cover five full floors and complete over 700,000 s/f of leasing, raising the occupancy to 83% following Green's repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. of this Class-A property. The 32-story, 926,122 s/f office tower is located near Grand Central Terminal on Lexington Avenue between 46th and 47th Streets. Prominent building tenants include Citigroup, one of the nation's leading financial institutions, Omnicom, the world's largest advertising company, St. Paul St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery Travelers, international provider of property casualty insurance and surety An individual who undertakes an obligation to pay a sum of money or to perform some duty or promise for another in the event that person fails to act. surety n. products, and Fairchild Publications, publisher of trade and consumer newspapers and books. SL Green recently completed an extensive $20 million capital program at 485 Lexington Avenue that included replacement of 4,000 windows, upgrading of electric and HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free capacities, new lobby and new storefronts together with an extensive re-branding program. Among the leases are Global Realty Outsourcing, Inc., which signed a new 10-year lease agreement covering 13,827 s/f, comprising of the entire 25th floor. Global Realty Outsourcing is a business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in services provider. Novantas, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control signed a 10-year lease for three contiguous floors, totaling 41,147 s/f.. The company will occupy the 20th, 21st and 22nd floors and is relocating from SL Green's 100 Park Avenue. The new offices expand Novantas' footprint by 10,569 s/f. Jonathan Serko and Mitchell Barnett of Cushman & Wakefield, Inc. represented the tenant in this transaction. Gregory P. Joseph Law Offices LLC signed a new 10-year lease for its 13,703 s/f headquarters comprising the entire 30th floor at 485 Lexington Avenue. M. Myers Mermel of Tenant Wise represented the tenant in this transaction. "These transactions speak to the considerable appeal of 485 Lexington Avenue following the completion of a comprehensive redevelopment pro gram, together with the increasing desire of tenants to be located near Grand Central Terminal," said Steven Durels, executive vice president and director of Leasing for SL Green. "Additionally, we were pleased to work with Novantas to satisfy their increased space requirement. This underscores SL Green's commitment to maintaining strong tenant relationship by accommodating space needs within our 19 million square foot portfolio." |
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