Leases  ·  Office

SL Green Inks Two New Full-Floor Tenants at Tower 46


Two new tenants have signed full-floor office leases, each spanning more than 22,500 square feet, at SL Green Realty Corp.’s Tower 46 in Midtown, Commercial Observer has learned.

Hotel industry software provider TravelClick and investment management firm Millburn Ridgefield Corporation each signed 10-year deals earlier this month for new space at the 34-story, 348,000-square-foot building at 55 West 46th Street between Fifth Avenue and Avenue of the Americas, according to an SL Green (SLG) release.

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TravelClick, which currently has its corporate headquarters at 7 Times Square, will take the entire 22,518-square-foot 27th floor at the property, while Millburn Ridgefield, which keeps its New York City offices at 1270 Avenue of the Americas, will occupy the entire 22,523-square-foot 31st floor.

Asking rent in the deals were in the low to mid-$90s per square foot, according to sources with knowledge of the transactions. Both firms are expected to move into their new spaces before the end of this year.

A CBRE (CBRE) team of Jason Gorman, Evan Fiddle and Chris Hogan represented TravelClick, while CBRE’s Laurence Briody and Scott Gottlieb represented Millburn Ridgefield. A CBRE team of Peter Turchin, James Ackerson, Sam Seiler, Christie Harle and Cara Chayet handled both deals on behalf of SL Green.

“The Midtown market continues to see strong interest [from] companies looking for high-quality Class-A office space with easy access to public transportation,” Steven Durels, an executive vice president and director of leasing and real property at SL Green, said in a statement. Durels added that Tower 46 has seen “strong leasing velocity” as tenants continue to be drawn to new or recently constructed office buildings.

Tower 46, which was completed in 2013, features column-free floors and floor-to-ceiling windows, as well as amenities like a tenant-only fitness center and in-building parking. Other tenants at the property are law firm Nixon Peabody, telecommunications giant Comcast and insurance underwriter Ascot Underwriting.

Representatives for CBRE declined to comment.