SL Green signs German bank to two office leases at One Vanderbilt

DZ Bank and its affiliate DVB Bank would take a combined 36K sf
September 26, 2017 12:45PM

Rendering of One Vanderbilt and Marc Holliday (Credit: SL Green)

DZ Bank and its affiliate, DVB Bank, have inked deals to lease a combined 35,500 square feet of space at SL Green’s One Vanderbilt, the second office tenant to sign up at the tower since TD Bank in 2014.

The two firms signed separate leases for the 26th floor, the New York Post reported, with asking rents at $135 per square foot. Global consulting firm McKinsey & Co. is reportedly also weighing a move to the building, with the company said to be looking at 250,000 square feet of space.

In April, famed chef Daniel Boulud became the proposed building’s second retail tenant,  with plans for an 11,000-square-foot restaurant on the second floor.

SL Green, headed by CEO Marc Holliday, sold a stake in the building to the National Pension Service of Korea and Hines in January, a deal that injected $525 million in equity into the project. Holliday has previously said the REIT expects the office tower to reach a net operating income of almost $200 million a year when fully leased. The building will be complete in 2020, according to the Post. [NYP] Miriam Hall

(To view more of SL Green’s office leases, click here)