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Office leasing roundup

Rendering of One Vanderbilt (Credit: SL Green)

Office leasing roundup from last week:

  • Strategic Financial has signed a 10-year lease for 82,557 square feet on the entire sixth and seventh floors at SL Green’s 711 Third Avenue. Asking rent in the deal was $68 per SF.
  • Greenberg Traurig has signed a 15-year lease for 46,744 square feet at SL Green’s 420 Lexington Avenue. Previous asking rents in the building were $65 per SF. 
  • ITV U.S. Holdings has signed a 10-year lease for 31,971 square feet at SL Green’s 100 Park Avenue. Asking rents in the building are around $82 per SF. 
  • Law firm Wilk Auslander has signed a 10-year lease for 24,396 square feet at 825 Eighth Avenue. The property is owned by SL Green, New York REIT, and RXR Realty. Asking rents in the building are around $80 per SF.
  • Omnicom Group’s Cardinia Real Estate has signed a 10-year lease for 20,310 square feet at SL Green and Vornado’s 280 Park Avenue. Asking rents in the building are $105 per SF.  
  • Law firm McDermott Will & Emery has increased its commitment at SL Green’s One Vanderbilt by another 15,860 square feet. 
  • Education tech company Chegg has signed a seven-year lease for 24,205 square feet on the entire 12th floor of Vanbarton Group’s 31 Penn Plaza in Chelsea. Asking rent in the deal was in the high $60s per SF, CO noted.
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