SL Green's 461 Fifth Avenue fully leased
June 26, 2009 12:30PM
Marc Holliday and 461 Fifth Avenue
SL Green recently leased 17,528 square feet of space at 461 Fifth Avenue, at 40th Street, to Everest Reinsurance Company, making the building 100 percent occupied. The firm expanded into 6,933 square feet, signing a new lease for the entire 20th floor of the tower. Eric Deutsch of CB Richard Ellis represented Everest in the transaction and Christopher Gulden acted in-house for SL Green. At a recent conference, Marc Holliday, CEO of SL Green, said: "Rents in the city have gone down fairly significantly but with that said, if you have the ability to meet the market and the balance sheet to meet the market, there's still velocity." [NYO]
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