Landlord SL Green has signed on tenants for 150,000 square feet of space in Manhattan, the New York Post reported, first at the former Revlon building at 625 Madison Avenue and then at 100 Church Street.
Polo Ralph Lauren is expanding its corporate headquarters by 91,417 square feet at the Madison Avenue location at 59th Street, the Post said, pushing out Centerline Capital Group, which needed slightly less space than it had at the site and will be moving to Church Street.
Centerline is taking 57,945 square feet at the Church Street location, and will move by the end of 2011.
SL Green Executive Vice President Steven Durels said the asking rent at the now fully-leased 625 Madison Avenue was $68 a square foot. The landlord was asking $36 a foot at the 1 million square-foot at 100 Church Street.
Polo was represented by Studley’s David Goldstein, Centerline by CB Richard Ellis’s Stephen Siegel, David Hollander and Christopher Mansfield. SL Green was repped in-house by Larry Swiger in both transactions and by a Newmark team at Church Street, the Post said. [Post, 1st item]