Sl Green Inks Three Leases Covering 81,304 Square Feet At One Vanderbilt Avenue
May 04, 2021 at 02:05 pm EDT
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SL Green Realty Corp. announced three new leases at One Vanderbilt Avenue, the recently opened skyline-defining tower in the heart of
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, 7-year lease covering a portion of the 33rd floor. One Vanderbilt
Avenue is now 79% leased with several more leases in the pipeline. Major upcoming milestones for 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 striking view of the Chrysler Building. Additionally, One Vanderbilt’s observation deck, Summit at One Vanderbilt, is set to open this fall bringing visitors a truly unmatched immersive experience and taking them to the highest vantage point in Midtown Manhattan. Standing 1,401 feet tall, One Vanderbilt is the new headquarters for many of the world’s leading finance, banking, law and real estate firms. The 1.7 million-square-foot skyscraper offers an unparalleled combination of amenities, innovative office design, technology, best-in-class sustainability and healthy workplace environment together with direct connection to Grand Central Terminal. Building tenants include TD Securities and TD Bank, America's Most Convenient Bank; The Carlyle Group, KPS Capital Partners, Oak Hill Advisors, InTandem Capital, SageWind Capital and Sentinel Capital Partners; Greenberg Traurig and McDermott Will & Emery; DZ Bank; Accordion Partners; MFA Financial Inc.; Hodges Ward Elliott; Walker & Dunlop, LLC and SL Green Realty Corp.
SL Green Realty Corp. is a self-managed real estate investment trust (REIT). The Company is engaged in the ownership, management, operation, acquisition, development, redevelopment and repositioning of commercial real estate properties, principally office properties, located in the New York metropolitan area, principally Manhattan. Its primary business objective is to maximize the total return to stockholders, through dividends, earnings and asset value appreciation. The Companyâs segments include real estate, debt and preferred equity investments, and SUMMIT. The Company owned or held interests in over 13 consolidated commercial office buildings encompassing approximately 8.4 million rentable square feet and 12 unconsolidated commercial office buildings encompassing approximately 15.4 million rentable square feet located primarily in midtown Manhattan. It also owned or held interests in 10 prime retail properties. In addition, it manages one office building and one retail building.