SL Green Inks Sentinel Capital Partners at One Vanderbilt Avenue
June 03 2019 - 7:30AM
Business Wire
Iconic East Midtown tower is now 59% leased,
maintaining strong leasing momentum
SL Green Realty Corp., New York City’s largest office landlord,
today announced that Sentinel Capital Partners, a leading
midmarket private equity firm, has signed a 28,448 square foot,
15-year lease to occupy the entire 51st floor at One
Vanderbilt Avenue, the 1,401-foot office tower in East Midtown that
has redefined the New York City skyline.
The iconic office tower is now 59 percent leased ahead of its
planned August 2020 opening. Construction on the super structure
has reached the 73rd floor with steel construction scheduled to top
out in the summer of 2019.
“We’re proud to welcome Sentinel Capital Partners to One
Vanderbilt’s prestigious roster of tenants,” said Steven Durels,
Executive Vice President and Director of Leasing and Real Property
at SL Green. “With direct access to Grand Central Terminal,
unparalleled amenities, column free floorplates and extraordinary
views, One Vanderbilt’s leasing velocity remains robust as we
approach the one year mark from opening.”
“We are excited and thrilled to be establishing our next office
home in a brand new, state-of-the-art building, in a
super-convenient location,” said David Lobel, Founder and
Managing Partner at Sentinel Capital Partners. “We are also
highly impressed with the SL Green team, who has managed our
onboarding with the utmost professionalism,” added Lobel.
Sentinel Capital Partners joins a robust roster of top-tier
financial, banking and legal firms that have committed to
One Vanderbilt. Other tenants include: The Carlyle Group, a
leading private equity firm; TD Securities and TD Bank, a
leading banking and investment firm that provides a wide range of
capital markets products and services; prestigious law
firms, McDermott, Will & Emery and Greenberg Traurig;
private equity firm KPS Capital Partners; global German financial
firms DZ and DVB Banks; publicly traded real estate investment
trust MFA Financial Inc.; and SL Green Realty
Corp. Additionally, award-winning chef, Daniel Boulud, has
partnered with SL Green to create a signature restaurant experience
in the building.
The American Institute of Architects (AIA) recognized
One Vanderbilt and its architecture firm, Kohn Pedersen Fox
(KPF) Associates, with the prestigious 2018 AIA NY Merit Award in
Urban Design. Encompassing an entire city block, the building is
bounded by Madison and Vanderbilt Avenues to the west and
east, and East 43rd and East 42nd Streets to the north
and south. Expected to achieve both LEED Gold under version 4.0 and
WELL certification, the trophy tower will feature floor-to-ceiling
slab heights ranging from 14'6" to 24', column-free floor plates,
stunning 360-degree views through floor-to-ceiling windows and
best-in-class infrastructure. Anchoring the modernization of East
Midtown, One Vanderbilt will provide tenants with a combination of
amenities unrivaled in New York City, including a
30,000-square-foot tenant-only amenity floor with large format
meeting spaces, club style lounge and an extraordinary outdoor
terrace. Immediately adjacent to Grand Central Terminal, the
building will create direct connections to the surrounding transit
network. In addition, SL Green is investing an
unprecedented $220 million in private funds to upgrade
the transit system.
Lance Korman and Brian Waterman of Newmark Grubb Knight
Frank represented Sentinel Capital Partners. Robert
Alexander, Ryan Alexander, Emily Jones and Alex D’Amario of CBRE
represented the landlord in this transaction.
About SL Green Realty Corp.
SL Green Realty Corp., an S&P 500 company
and New York City's largest office landlord, is a fully
integrated real estate investment trust, or REIT, that is focused
primarily on acquiring, managing and maximizing value
of Manhattan commercial properties. As of March 31, 2019,
SL Green held interests in 96 Manhattan buildings totaling 46.4
million square feet. This included ownership interests in 27.7
million square feet of Manhattan buildings and 18.7 million square
feet of buildings securing debt and preferred equity investments.
In addition, SL Green held ownership interests in 7 suburban
properties comprised of 15 suburban buildings totaling 2.3 million
square feet in Brooklyn, Westchester County, and Connecticut.
SLG-LEAS
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