World Business Lenders LLC has signed a new 23,406-square-foot lease for its new headquarters across the entire 5th and 29th floors at SL Green Realty Corp.’s 120 West 45th Street, aka Tower 45, The Commercial Observer has learned.
The company, a private provider of short-term and flexible commercial loans to small and mid-sized companies throughout the country, joins a long list of boutique financial and technology firms in the renovated building.
“We [are] delighted to welcome WBL at Tower 45,” said Steven Durels, director of leasing and real property at SL Green, in a statement. “They join a prestigious tenant roster which includes DE Shaw Research, Schrodinger, Inc., Pzena Investment Management and Tibco Software, Inc.”
Tower 45 recently underwent an extensive capital improvement program in 2011, completed in which included renovations to the outdoor plaza with a new water wall and three-story-high hanging light sculptures; lobby upgrades; street front enhancements; new elevator cabs, common corridors and restrooms.
Studley’s John Johnson represented WBL, while the Jones Lang LaSalle team of Paul Glickman, Frank Doyle, Mitti Liebersohn, Diana Biasotti and David Kleiner acted on behalf of SL Green.
SL Green is a real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties.
As of March 31, 2013, SL Green owned interests in 89 Manhattan properties totaling 41.6 million square feet, including ownership interests in 25 million square feet of commercial properties and debt and preferred equity investments secured by 13.8 million square feet of properties.