485 Lexington Avenue | The Real Deal New York

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485 Lexington Avenue

485 Lexington Avenue
New York, NY 10017
Office, Leasing/Rental
  • Address 485 Lexington Avenue
  • neighborhood Grand Central
  • borough Manhattan
  • owner SL Green Realty
  • owner entity 485 EAT OWNER LLC
  • floors 30
  • Year Built 1957
  • commercial units 30
  • total units 30
  • square feet 743,789
  • block and lot 1-01301-0023
  • BIN 1036206

05/11/18
...represented the landlord, Brookfield Property Partners. 8) Phillips Nizer, 485 Lexington Avenue, Grand Central - 53,162 square feet The law firm expanded its footprint by about 53,000 square...

02/14/18
...Doolittle, James Tamborlane and Jesse Rubens. 10) Columbia Management, 485 Lexington Avenue, Turtle Bay - 38,651 square feet The investment manager signed an 11-year lease for 38,651 square...

01/25/18
...Marc Holliday and 485 Lexington Avenue Investment manager Columbia Management and business advisory firm Ankura Consulting Group signed 68,225 square feet...

09/12/17
...the entire 14th floor at SL Green’s 485 Lexington Avenue. The firm is moving from Kushner Companies’ 666 Fifth Avenue, where it leases 49,000 square feet...

04/04/17
...Liberty Street (credit: Facebook) and 485 Lexington Avenue New York’s largest office landlord SL Green Realty went on a borrowing spree...

02/14/17
...From left: 229 West 43rd Street and 485 Lexington Avenue January was the first complete month since new risk-retention laws for CMBS loans went...

02/10/17
...the publication. Orix USA is a tenant at 485 Lexington Avenue, where it has just over 14,078 square feet. SL Green and Vornado paid close to...

...-building portfolio that includes 1 Madison Avenue, 1515 Broadway and 485 Lexington Avenue. She was previously at Jones Lang LaSalle. Carl Hum joined the Real Estate Board...

...million-square-foot One Astor Plaza at 1515 Broadway, the 926,122-square-foot 485 Lexington Avenue, the Graybar building at 420 Lexington Avenue and the News Building at 220 East 42nd Street...

...Line in February leased some 44,000 square feet at 485 Lexington Avenue in the Grand Central submarket, according to CoStar, while the fragrance maker Inter Parfums...

01/24/12
...already have: study 7. Fidelity National Title moves to 485 Lexington Avenue 8. 732 Seventh Avenue lands perfume tenant 9. Soon-to-open Courtyard by Marriott to get rooftop bar 10. High-interest...

...Citi also listed an additional 190,000 square feet at 485 Lexington Avenue). Much of the sublease space was snapped up in 2009 and 2010 at fire-sale rents. For...

...Park Avenue • 99 Park Avenue • 875 Third Avenue • 600 Lexington Avenue • 485 Lexington Avenue Mitchell Konsker: 1 of 9 buildings retained in move from Cushman to JLL • 619 West 54th Street...

06/24/10
...485 Lexington Avenue A New York State Supreme Court judge threw out most of the legal claims...

06/24/10
...485 Lexington Avenue A New York State Supreme Court judge threw out most of the legal claims...

02/04/10
...485 Lexington Avenue The one-time buyers of a 49.5 percent stake in 485 Lexington Avenue, located between 46th and...

12/10/09
...Realty may have to reevaluate its strategy at 485 Lexington Avenue, CEO Marc Holliday told The Real Deal after the Association of Real Estate Women...

11/04/09
...and Optibase, is acquiring SL Green Realty’s 485 Lexington Avenue at $560 per foot. The Middle Eastern Safra family is in serious talks to buy...

08/10/09
...Realty will sell 49.5 percent of its interest in 485 Lexington Avenue, a commercial office building between 46th and 47th streets, according to a press release...

...million SL Green Realty's 32-story office tower at 485 Lexington Avenue is on the market with an asking price of $525 million, the New York Post...

05/26/09
...giant Conde Nast is shedding office space at 485 Lexington Avenue, the New York Post reported. The company has subleased more than 54,000 square feet at...

05/13/09
...their Long Island home 6. Cushman & Wakefield marketing 485 Lexington Avenue for $525 million, according to the Post 7. Problems with public-private development deals 8. Celebrity hair stylist...

...been in discussions on a deal to sell 485 Lexington Avenue to Murray Hill Properties, but talks have reportedly stalled while Murray Hill looks for...

03/30/09
...debt. The landlord is reportedly trying to Sell 485 Lexington Avenue to Murray Hill Properties for about $555 million. Gregory Hughes, SL Green's COO and CFO...

01/13/09
...Green to buy its one-million-square-foot office building at 485 Lexington Avenue, at 47th Street, for about $600 per square foot, but now may be backing out...
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 14,207
  • Publication Date 03/01/2017
  • Event Date 01/15/2017
  • Party 1 SL Green Realty
  • Party 2 Xerox
notes
The business process services provider signed a lease.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 14,206
notes
The investment company signed a lease for the entire 24th floor.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 14,206
notes
The investment firm signed a 10-year lease renewal on the 24th floor.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 14,206
notes
The investment firm renewed its lease on the 23rd floor.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 14,206
notes
The management company signed a 5-year lease on the 23rd floor.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 14,000
notes
The management consulting firm signed a sublease for the entire 22nd floor.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 27,996
notes
The title insurance company signed a lease on the entire 18th floor, the New York Post reported.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 42,842
notes
The luxury hospitality organization signed a long-term lease on the fourth floor. The company is relocating from 99 Park Avenue.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 14,200
  • Publication Date 04/01/2011
  • Event Date 02/20/2011
  • Party 1 SL Green Realty
  • Party 1 Brokerage In-house
  • Party 2 IMS Health Transportation
  • Party 2 Brokerage JLL
  • Party 2 Broker Lisa Kiell
notes
The information solutions provider to the healthcare and pharmaceutical industries signed a 10-year lease on the 26th floor.
  • Event Sales
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 921,000
  • Price $ 504,200,000
  • Price per foot $ 547.45
notes
SL Green agreed last month to sell a 49.5 percent stake in the building in a transaction that values the property at $504.2 million, or $547 per square foot. The price represents a capitalization rate of 6.25 percent. The deal, which is subject to approval by lenders, includes $450 million of existing debt.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 54,000
  • Price per foot $ 45.00
notes
The education management firm inked an 11-year sublease for the entire second floor. The company is moving to the SL Green-owned building from 521 Fifth Avenue.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 54,000
  • Price per foot $ 45.00
notes
The provider of commercial management for public schools subleased the second floor of the SL Green-managed building.
  • Event Office Leasing
  • Address 135 East 46th Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 13,124
notes
The library branch signed a lease.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 38,756
  • Price per foot $ 65.00
notes
The online media company inked a 10-year lease for space on the third floor. The firm, which operates Web sites such as MySpace.com, is relocating from a 30,000-square-foot space at 1211 Sixth Avenue. The company plans to move in next summer.
  • Event Retail Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 13,124
notes
The New York Public Library branch signed a six-year lease for ground-level and mezzanine space. The reported asking rent was $125 per square foot. The library plans to move in December while its current location at 20 West 53rd Street is redeveloped to make room for a hotel. It will move back in when construction is completed.
  • Event Retail Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 2,200
notes
The London-based sandwich chain signed a 10-year lease for another New York City location. The reported asking rent was $250 per square foot. The company also leased a 1,750-square-foot space at 757 Third Avenue and a 1,100-square-foot space at 1020 Sixth Avenue (see below).
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 14,000
notes
The wealth management advisory firm took the entire 24th floor and is expected to move in by the end of the year. It is relocating from 8,500 square feet in 65 East 55th Street (Park Avenue Tower). The deal is reportedly valued at more than
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 22,279
notes
The private equity firm inked a 10-year lease for the duplex penthouse comprising the entire 31st and 32nd floors. The company is relocating from 200 Park Avenue.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 11,375
notes
The private equity firm inked a five-year lease.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 26,400
notes
The document imaging solutions company signed a 13-year lease in a relocation from 420 Lexington Avenue.
  • Event Financing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 926,000
  • Price $ 450,000,000
  • Publication Date 03/01/2007
  • Event Date 01/20/2007
  • Party 1 SL Green Realty
notes
The REIT refinanced the asset with a $450 million, 10-year interest-only mortgage that has an effective interest rate of 5.566 percent. The mortgage matures in January 2017. In December 2006, SL Green purchased the interests in the building of its partners, the City Investment Fund and the Witkoff Group. The transaction valued the property at $578 million, or $630 per square foot. 31-story office building.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 13,703
notes
The law firm inked a 10-year lease for the entire 29th floor of the 32-story, 926,122-square-foot office tower. The lease brings the building's occupancy to more than 90 percent.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 13,703
notes
The Beverly Hills-based investment bank signed a 10-year lease for the entire 28th floor.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 27,250
notes
The telecommunications equipment manufacturer signed a 10-year lease for the entire 18th floor, which will serve as its New York regional headquarters. As of early December, the 32-story, 926,122-square-foot property was 88 percent occupied.
  • Event Office Leasing
  • Address 485 Lexington Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 41,147
notes
The management consulting firm signed a 10-year lease for floors 20 to 22 of the 32-story, 926,122-square-foot class A office building. The tenant is relocating from SL Green's 100 Park Avenue and increasing its total footprint by 10,569 square feet.
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...Line in February leased some 44,000 square feet at 485 Lexington Avenue in the Grand Central submarket, according to CoStar, while the fragrance maker Inter Parfums...

...Citi also listed an additional 190,000 square feet at 485 Lexington Avenue). Much of the sublease space was snapped up in 2009 and 2010 at fire-sale rents. For...