Hodges Ward Elliott has leased a 12,692 s/f office in SL Green’s new One Vanderbilt.
The real estate capital markets advisor signed a 10-year lease to occupy part of the 50th floor in the 1,401 ft. tall tower, now 70 percent leased to finance, banking, law and real estate firms.
“Following our successful September opening we continue to see strong demand for One Vanderbilt. Hodges Ward Elliott is now the third lease we’ve signed at the building since the start of the pandemic, a key indicator that world-class companies still want the best-in-class, healthy office experience to propel their companies forward,” said Steven Durels, Executive Vice President and Director of Leasing and Real Property at SL Green.
Building tenants include TD Securities and TD Bank, private equity firms The Carlyle Group, KPS Capital Partners, Oak Hill Advisors, InTandem Capital, SageWind Capital and Sentinel Capital Partners; law firms Greenberg Traurig and McDermott Will & Emery; German financial firm DZ Bank; real estate investment trust MFA Financial Inc.; and SL Green Realty Corp.
The brand new skyscraper has a 30,000 s/f amenity floor withmeeting spaces, a lounge, curated food offerings and an outdoor terrace that faces Grand Central.
Office floors feature floor-to-ceiling slab heights ranging from 14.5 feet to 24 feet, column-free floor plates, stunning 360-degree views through floor-to-ceiling windows and best-in-class infrastructure.
In the first quarter of 2021, chef Daniel Boulud will open a new restaurant at One Vanderbilt, named ‘Le Pavillon.’ Le Pavillon will occupy 11,000 square feet with soaring 60-foot ceiling heights located on the southeast corner of the second floor, facing Grand Central with a striking view of the Chrysler Building.
Kohn Pedersen Fox (KPF) Associates is responsible for One Vanderbilt’s iconic design, which comprises four interlocking and tapering planes that spiral toward the sky.
At the tower’s base, a series of angled cuts on the south side of the block creates a visual procession to Grand Central Terminal. The tower’s terracotta facade incorporates the same ceiling tiles found throughout Grand Central Terminal,. The American Institute of Architects (AIA) recognized One Vanderbilt and KPF with the prestigious 2018 AIANY Merit Award in Urban Design.
SL Green has invested $17 million in sustainability features at One Vanderbilt.
The tower was built using steel rebar made of 90 percent recycled content, features cutting-edge technologies including 1.2-MW cogeneration and 90,000-gallon rainwater collection systems, and regulates insulation for heating and cooling through its high-performance glazing. One Vanderbilt is on track to receive several environmental distinctions, including the highest levels of LEED and WELL certifications.
Robert Alexander, Ryan Alexander, Emily Jones and Alex D’Amario of CBRE represented the landlord in this transaction.