SL Green Inking Leases at 215 Park Avenue South
By Tobias Salinger June 24, 2014 1:55 pm
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SL Green (SLG) Realty racked up 43,678 square feet worth of new leases and renewals at 215 Park Avenue South in the past two months, the company announced yesterday.
Howard Tenenbaum and Gary Rosen of SL Green represented the building manager in-house during negotiations with three tenants: public affairs firm Global Strategy Group, marketing agency Lippe Taylor and production company Warshaw Blumenthal Advertising.
“Midtown South continues to be the hottest market in town, said Steven Durels, director of leasing and real property for SL Green, in a prepared statement. “The building is now close to 100 percent occupied and remains highly popular with creative-related businesses.”
Global Strategy Group signed a lease of more than 10 years for 21,974 square feet on the 14th and 15th floors of the 20-story building, as Commercial Observer previously reported. Mark Weiss and Robert Eisenberg of Newmark Grubb Knight Frank represented the political consulting firm in the transaction.
Mr. Tenenbaum and Mr. Rosen negotiated directly with Lippe Taylor, leasing 16,612 square feet to book the entire 16th floor in a new agreement on the site.
Warshaw will expand to 5,092 square feet on the top floor of the building through a transaction its brokers Craig Reicher and James Ackerson of CBRE negotiated with the SL Green leasing agents.
Asking rent for the property was $65 per square foot, according to SL Green. Representatives for NGKF and CBRE didn’t respond to requests for comment.
SL Green’s spokeswoman noted that the company manages the property for the building owner but said she didn’t know the owner’s name. An attorney for Dever Properties LLC, the building’s listed owner in city records, didn’t immediately respond to requests for comment.
In a tragic incident from the building’s past, five construction workers died in an October 2001 scaffold collapse. Contractor Philip Minucci eventually pleaded guilty to manslaughter after investigators in former Manhattan District Attorney Robert Morganthau’s office said that Mr. Minucci, the owner of Tri-State Scaffold and Equipment Supplies, ignored scaffold construction codes.
