SL Green Inks New Lease With UiPath At One Vanderbilt Avenue
30 September 2021 - 9:30PM
SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office
landlord, today announced that global enterprise automation
software company, UiPath (NYSE: PATH), has signed a 15-year,
26,363-square-foot lease at One Vanderbilt Avenue covering the
entire 60th floor. The skyline-defining tower in the heart of East
Midtown is now over 91% leased.
“We’re delighted to welcome UiPath to One Vanderbilt Avenue,”
said Steven Durels, Executive Vice President and Director
of Leasing and Real Property at SL Green. “They join a
prestigious list of companies seeking a best-in-class, healthy work
environment with direct connectivity to mass-transit.”
“One Vanderbilt Avenue is one of those rare buildings that is
quickly becoming a New York City icon, and we could not be more
excited and prouder about opening our global headquarters in the
center of a growing, thriving technology community,” said
UiPath Chief Financial Officer, Ashim Gupta.
“UiPath continues to grow at a market-leading rate and we are
confident that this new space will expand with us, providing a
great place for our team to work and collaborate, and an immersive
experience to host customers and partners as we deliver the future
of work through automation.”
Major recent milestones for One Vanderbilt include the launch of
ticket sales for its observation experience, SUMMIT One Vanderbilt,
which opens on October 21, 2021, offering visitors a truly
unmatched immersive experience at the highest vantage point in
Midtown Manhattan. Earlier this year, SL Green celebrated the
opening of world-renowned chef Daniel Boulud’s new restaurant, Le
Pavillon, which occupies 11,000 square feet on the second floor,
facing Grand Central Terminal.
Standing 1,401 feet tall, One Vanderbilt is the new headquarters
for many of the world’s leading finance, technology, law and real
estate firms. The 1.7 million-square-foot skyscraper offers an
unparalleled combination of amenities, innovative office design,
state-of-the-art technology, the highest level of sustainability
and healthy workplace environment together with direct connection
to Grand Central Terminal.
Dale Schlather together with John Boyle, Greg Herman, Justin
Halpern, Ed Wartels and Jennifer Konefsky of Cushman &
Wakefield represented UiPath. Robert Alexander, Ryan Alexander,
Emily Chabrier and Alex D’Amario of CBRE represented the
landlord.
About SL Green Realty Corp.SL Green Realty
Corp., Manhattan’s largest office landlord, is a fully integrated
real estate investment trust, or REIT, that is focused primarily on
acquiring, managing and maximizing value of Manhattan commercial
properties. As of June 30, 2021, SL Green held interests in 77
buildings totaling 35.3 million square feet. This included
ownership interests in 27.1 million square feet of Manhattan
buildings and 7.4 million square feet securing debt and preferred
equity investments.
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press release are subject to a number of risks and uncertainties,
many of which are beyond our control, that may cause our actual
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from future results, performance or achievements expressed or
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to our business that could cause actual results to differ from
those contained in the forward-looking statements include risks and
uncertainties related to the on-going COVID-19 pandemic and the
duration and impact it will have on our business and the industry
as a whole and the other risks and uncertainties described in our
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result of future events, new information or otherwise.
SLG – LEAS
Matt DiLibertoChief Financial Officer212.594.2700
SL Green Realty (NYSE:SLG)
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