With these leasing activities, SL Green's (SLG) One Madison Avenue, which is currently under development and on schedule for completion in November 2023, is now 55% leased.
Amid the recovering office real-estate market, SL Green (SLG) will gain from its portfolio of premium office assets and capital-recycling efforts. Stiff competition and interest rate hikes are key woes.
NEW YORK, Sept. 29, 2022 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, today announced that investment management firm Franklin Templeton has signed a 15-year, 347,474 square foot lease at One Madison Avenue. The company will occupy the entire 11th through 22nd floors in the tower portion of the building. This lease follows the recently announced 328,000 square foot lease with International Business Machines Corporation (“IBM”) and the 56,000 square