SL Green announced three new leases at One Vanderbilt Avenue, the recently opened East Midtown tower.
MSD Partners, an investment adviser, has signed a 35,567 s/f, 15-year lease covering the entire 26th floor. MSD Partners was formed in 2009 by the partners of MSD Capital which exclusively manages the assets of Michael S. Dell and his family.
Mamoura Holdings (US), LLC has signed a 28,448 s/f, 10-year lease covering the entire 51st floor. Mamoura Holdings is wholly owned by Mubadala Investment Company, a sovereign investor managing a portfolio of assets in the UAE and abroad.
Additionally, Nearwater Management LLC, a finance company focused on providing asset-based financing solutions, has signed a 17,289 s/f seven-year lease covering a portion of the 33rd floor.
One Vanderbilt Avenue is now 79 percent leased with several more leases in the pipeline.
“The leasing velocity at One Vanderbilt demonstrates the overwhelming demand by leading companies for highly amenitized, new, state-of-the-art office construction that is centrally located near mass transit,” said Steven Durels, Executive Vice President and Director of Leasing and Real Property at SL Green.
“We have now signed 11 new leases at One Vanderbilt since the beginning of the pandemic and anticipate leasing velocity to remain strong as New York City’s revitalization continues, employees return to the office and tenants continue to seek new or highly improved office space to meet their future needs.”
Upcoming milestones for One Vanderbilt include the opening of world-renowned chef Daniel Boulud’s new restaurant, Le Pavillon, on May 19, 2021, which will occupy 11,000 s/f on the second floor, facing Grand Central with a striking view of the Chrysler Building.
Additionally, One Vanderbilt’s observation deck, Summit at One Vanderbilt, is set to open this fall bringing visitors an immersive experience and taking them to the highest vantage point in Midtown Manhattan.
Standing 1,401 feet tall, One Vanderbilt is the new headquarters for many of the world’s leading finance, banking, law and real estate firms. The 1.7 million-square-foot skyscraper offers a combination of amenities, innovative office design, state-of-the-art technology, sustainability and healthy workplace environment together with direct connection to Grand Central Terminal.
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; aw firms Greenberg Traurig and McDermott Will & Emery; global German financial firm DZ Bank; financial consulting firm Accordion Partners; publicly traded real estate investment trust MFA Financial Inc.; boutique real estate capital markets advisor Hodges Ward Elliott; Walker & Dunlop, LLC, a real estate finance company; and SL Green Realty Corp.
All building tenants are afforded access to an amenities package that includes a 30,000 s/f amenity floor with large format meeting spaces, club-style lounge, curated food offerings from Daniel Boulud and a landscaped terrace.
Scott Panzer of JLL represented MSD Partners. Justin Aronson of CBRE represented Mamoura Holdings. Alexander Chudnoff and Kip Orban of JLL represented Nearwater Management. Robert Alexander, Ryan Alexander, Emily Jones and Alex D’Amario of CBRE represented the landlord in each transaction.