SL Green Realty Corp. announced two major 15-year lease transactions totaling 191,000 square feet at 125 Park Avenue, the 26-story, 572,705 s/f building located directly across from Grand Central Terminal.
Newmark Grubb Knight Frank, a long-term tenant at 125 Park, has renewed 101,838 s/f of existing space and expanded by 31,377 s/f. Continuing as the building’s largest tenant, Newmark now occupies a total of 133,215 s/f.
In addition, Toronto, Canada based TD Bank signed a new 15-year lease covering 51,707 s/f of office space together with a separate lease covering 6,234 s/f of ground floor retail space for a new bank branch.
Recently TD Bank signed a long-term lease for 200,000 s/f to become the office and retail anchor tenant at One Vanderbilt Avenue where SL Green is proposing to construct a new, state-of-the-art, 1.6 million square foot office tower.