REIT secures tenants for New York properties

Signs leases for 333,000-plus square feet

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SL Green Realty Corp. recently announced the signing of several leases totaling approximately 333,000 square feet at its Midtown Manhattan properties. The total value of the transactions was not disclosed. Included are 275,000 square feet of leases at the newly repositioned Grand Central Square complex with St. Paul Travelers (210,609 square feet), Fairchild Publications Inc. (52,573 square feet) and Drake Beam Morin (11,465 square feet). At Grand Central Square's 485 Lexington Ave. building, St. Paul Travelers will be located in the base of the building for 10 1/2 years commencing February 2006, and Fairchild Publications has leased the entire second floor for 15 years commencing February 2006. The Fairchild lease represents an expansion of its existing space at 750 Third Ave., for a total commitment within the complex of 327,111 square feet. At the adjacent 750 Third Ave. building, Drake Beam Morin has leased an entire tower floor for 10 years beginning in December 2005. SLG Lea...