{"id":1004537337,"date":"2021-05-26T04:10:37","date_gmt":"2021-05-26T12:10:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004537337"},"modified":"2022-12-09T02:30:37","modified_gmt":"2022-12-09T10:30:37","slug":"sl-green-inks-lease-in-midtown-east","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sl-green-inks-lease-in-midtown-east\/","title":{"rendered":"SL Green Inks Lease in Midtown East"},"content":{"rendered":"<div id=\"attachment_1004537339\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004537339\" data-attachment-id=\"1004537339\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sl-green-inks-lease-in-midtown-east\/711-third-avenue\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/711-Third-Avenue.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"711 Third Avenue\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/711-Third-Avenue.jpg?w=640\" class=\"wp-image-1004537339 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/711-Third-Avenue.jpg?w=300\" alt=\"711 Third Avenue\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/711-Third-Avenue.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/711-Third-Avenue.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004537339\" class=\"wp-caption-text\">711 Third Ave.<\/p><\/div>\n<p>SL Green Realty Corp. has chalked up a new 19,587-square-foot lease at its 711 Third Ave. building in Manhattan\u2019s Midtown East. Hedge fund Ellington Management Group LLC will occupy part of the fifth floor of the classic mid-century tower near Grand Central Terminal.<\/p>\n<p>The investment and advisory firm will share the floor with the National Center on Addiction and Substance Abuse, which <a href=\"https:\/\/www.commercialsearch.com\/news\/center-on-addiction-to-relocate-manhattan-hq\/\">committed to 30,000 square feet<\/a> at 711 Third Ave. in late 2019, through a 12-year agreement. Additionally, the property\u2019s roster includes Chicago Title Insurance Co., as well as law firms Goldberg Segalla and Golenbock Eiseman Assor Bell &amp; Peskoe.<\/p>\n<p>711 Third Ave. is situated between 44th and 45th streets and offers 592,000 square feet across 20 stories. SL Green picked up the 1950s asset in 1998, for $122.8 million, according to CommercialEdge data. The property has a 165-space parking garage, and has WiredScore Platinum and ENERGY STAR certifications.<\/p>\n<p>Cushman &amp; Wakefield\u2019s Stephen Baker and Andrew Ross represented Ellington in the lease signing.<\/p>\n<h2>A Busy Month for SL Green<\/h2>\n<p>The news comes on the heels of Manhattan\u2019s largest office landlord announcing a 22,531-square-foot lease with Kyndryl\u2019s at One Vanderbilt. The <a href=\"https:\/\/www.commercialsearch.com\/news\/sl-green-lures-ibm-spin-off-to-one-vanderbilt\/\">IBM spinoff signed a nine-year agreement<\/a> for its global headquarters at the city\u2019s second-tallest building, bringing the property&#8217;s occupancy to 81 percent. The landlord has recently unveiled its plans for Summit One Vanderbilt, a 65,000-square-foot observatory with dining and leisure facilities, situated in the crown of the 1,401-foot skyscraper. The platform will be launched in October 2021.<\/p>\n<p>Earlier this month, the REIT <a href=\"https:\/\/www.commercialsearch.com\/news\/sl-green-sells-manhattan-office-property-for-325m\/\">sold off a pair of adjoining Midtown office towers<\/a>, for a total of $325 million. The eight-story buildings at 635-641 Sixth Ave. in Chelsea comprise 267,000 square feet and are 94 percent leased.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A hedge fund will share the 20-story building&#8217;s fifth floor with the National Center on Addiction and Substance Abuse. <\/p>\n","protected":false},"author":739,"featured_media":1004537339,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21781,1600,21742,10,21747],"tags":[45839,32799,33234,32895,34732],"class_list":["post-1004537337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-corporate-real-estate","category-new-york","category-latest","category-northeast","category-office","tag-andrew-ross","tag-cushman-wakefield","tag-energy-star","tag-sl-green-realty-corporation","tag-wiredscore"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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