Ascensia Signs 65,000 at 100 Summit; Exelon Commits to 16,442 at 500
VALHALLA, N.Y.--(BUSINESS WIRE)--
Reckson, a division of SL Green Realty Corp. (NYSE:SLG), New York City's
largest commercial landlord, today announced it has signed an 11-year,
65,000-square-foot lease with Ascensia Diabetes Care US Inc., a global
diabetes health management company, and a 16,442-square-foot lease with
Exelon Generation Company, an American Fortune 100 energy company, at
The Summit--a three building, 700,000-square-foot Class A office complex
in Vahalla, New York.
"We are delighted to welcome such renowned companies as Ascensia and
Exelon," said John Barnes, SL Green Senior Vice President and Managing
Director of its suburban division, who added that the Summit is now home
to four Fortune 500 companies and is currently 93% leased.
Ascensia will occupy space on the top two floors of 100 Summit when it
moves into the building in the fourth quarter of 2017; and Exelon,
expected move-in July 2017, has committed to space on the first floor of
Steve Rotter and Conor Gill of Jones Lang LaSalle acted on behalf of
Ascensia. Exelon did not have tenant representation. Reckson was
represented in-house on both transactions.
SL Green was represented by CBRE's Brian Carcaterra and Jacqueline
About SL Green Realty Corp.
SL Green Realty Corp., an S&P 500 company and New York City's largest
office landlord, is a fully integrated real estate investment trust, or
REIT, that is focused primarily on acquiring, managing and maximizing
value of Manhattan commercial properties. As of March 31, 2017, the
Company held interests in 121 Manhattan buildings totaling 47.2 million
square feet. This included ownership interests in 27.5 million square
feet of Manhattan buildings and debt and preferred equity investments
secured by 19.7 million square feet of buildings. In addition, the
Company held ownership interests in 30 suburban buildings totaling 4.8
million square feet in Brooklyn, Long Island, Westchester County,
Connecticut and New Jersey. To be added to the Company's distribution
list or to obtain the latest news releases and other Company
information, please visit our website at www.slgreen.com or
contact Investor Relations at (212) 594-2700.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170525005132/en/
Reckson, a Division of SL Green Realty Corp.
Senior Vice President and Managing Director, Suburban
Melanie Keenan, 212-843-8092
Source: SL Green Realty Corp.
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