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Deals & Dealmakers

Investment advisor takes 20,000 s/f at 711 Third

SL Green Realty Corp. announced that Ellington Management Group, LLC, a leading investment and advisory firm, has signed a new 19,587-square-foot lease covering a portion of the 5th floor at 711 Third Avenue.

“We’re pleased to welcome Ellington Management to 711 Third Avenue,” said Steven Durels, Executive Vice President and Director of Leasing and Real Property at SL Green. “This transaction comes on the heels of several recent new leases within our portfolio as leasing velocity increases due to tenants rapidly reentering the market now that vaccines are widely available, and companies announce plans to reboard employees back into the office.”

711 Third Avenue is located between 44th and 45th Streets, one block east of Grand Central Terminal. The building has a 165-car parking garage, has a platinum level Wired Score and received the ENERGY STAR label which designates it as one of the most efficient buildings nationwide.

Stephen Baker and Andrew Ross of Cushman & Wakefield represented the tenant.

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