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Deals & Dealmakers

Consulting firm grows to 59,000 s/f at SL Greenʼs 485 Lexington Ave.

SL Green Realty Corp. announced that Ankura Consulting Group LLC, a business advisory and expert services firm, has signed a new 29,698 s/f, 15-year lease at 485 Lexington Avenue.

This is the third expansion for Ankura,which has grown from an initial 12,000 s/f at SL Green’s 750 Third Avenue.

The agreement doubles Ankura’s existing footprint in the building to 59,272 s/f on floors 9 and 10. In January 2018 the firm signed a 15-year, 29,574 s/f lease at 485 Lexington Avenue, relocating its offices from 750 Third Avenue.

DON PREATE

“This is the third lease with Ankura Consulting we’ve completed over the past 18 months and affirms our desire to work collaboratively with our tenants to accommodate their rapidly changing space needs,” said Steve Durels, Executive Vice President and Director of Leasing and Real Property at SL Green.

“Ankura is a highly valued relationship and it was a team effort working with their broker from Jones Lang LaSalle to structure this fast moving transaction.“

“Our growth is based upon client relationships and the expertise of our people. The SL Green team, from our first dealings, treated us respectfully and fairly. They have been a partner in or success and have demonstrated that they truly value our relationship” said Philip Daddona, Co-President, Ankura Consulting.

485 Lexington Avenue is a 32-story, 929,765 s/f office tower with a 100-car on-site parking garage. Other tenants include Travelers Insurance, Offit Capital Advisors and law firm Phillips Nizer. Retail tenants include Pret A Manger, Gregory’s Coffee, Soul Cycle.

Don Preate, Executive Managing Director, of JLL represented Ankura, and Paul Glickman, Ben Bass, Diana Biasotti and Jon Fanuzzi of  JLL  represented the landlord in this transaction.

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