Carlyle Group Takes Another 33K SF in SL Green’s One Vanderbilt
The Carlyle Group expanded its 15-year lease in the 55-story tower between East 42nd and East 43rd Streets to take another 32,592 square feet on the entire 35th floor, according to an SL Green (SLG) release.
Carlyle already signed on to take 95,152 square feet on the 36th through the 38th floor in July 2018 and the new deal will bring its presence in the 1.7-million-square-foot office development to 127,744 square feet, SL Green said.
A spokesman for SL Green declined to provide asking rents in the deal but previously reported asking rents in the building have ranged from $135 to $160 per square foot.
“Global business leaders like The Carlyle Group see the advantage of One Vanderbilt’s world-class tenant and amenity experience, state-of-the-art office design and direct access to public transportation, all attributes that make East Midtown the center of commerce in New York,” Marc Holliday, the CEO of SL Green, said in a statement.
Washington, D.C.-based Carlyle currently has offices at 520 Madison Avenue and 299 Park Avenue. The SL Green spokesman would not say if Carlyle would consolidate both offices into 1,401-foot One Vanderbilt or keep a presence in those building. Crain’s New York Business reported in April 2018 that Carlyle plans to ditch its more than 100,000-square-foot digs at 250 Madison Avenue for One Vanderbilt.
The $3.2 billion One Vanderbilt, designed by Kohn Pederson Fox, broke ground in 2016 and is currently 54 percent lease, according to SL Green.
JLL (JLL)’s Steven Rotter, Joseph Messina, Greg Lubar, Steven Spartin, Jessica Berkey and Andrew Lutzer represented Carlyle in the deal while CBRE (CBRE)’s Robert Alexander, Ryan Alexander, Emily Jones and Alex D’Amario handled it for the landlord. Spokespeople for JLL and CBRE did not immediately respond to requests for comment.