SL Green Signs New Lease with Nike at 650 Fifth Ave
NEW YORK–(BUSINESS WIRE)– SL Green Realty Corp (NYSE: SLG), New York City’s largest commercial landlord, along with its partner Jeff Sutton, today announced that NIKE, Inc., the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities, signed a 15-year lease covering seven floors and 69,214 square feet at 650 Fifth Avenue. The lease comprises the building’s entire retail component.
“It is a true honor to enter into this long-term partnership with such a respected global sports retail leader as Nike,” said Brett Herschenfeld, Managing Director.
“We are excited about this partnership and look forward to continuing to bring consumers the very best of Nike in another new, unique brand experience store,” said Jeff Nichols, Vice President of Nike’s Direct to Consumer business in North America.
Situated at West 52nd Street, 650 Fifth Avenue is a 36-story office building in the heart of the Plaza District.
About SL Green Realty Corp.
SL Green Realty Corp., an S&P 500 company and New York City’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 September 30, 2016, the Company held interests in 125 Manhattan buildings totaling 46.6 million square feet. This included ownership interests in 28.1 million square feet of commercial buildings and debt and preferred equity investments secured by 18.6 million square feet of buildings. In addition, the Company held ownership interests in 30 suburban buildings totaling 4.8 million square feet in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey.
To be added to the Company’s distribution list or to obtain the latest news releases and other Company information, please visit our website at www.slgreen.com or contact Investor Relations at (212) 594-2700.
About NIKE, Inc.
NIKE, Inc., based near Beaverton, Ore., is the world’s leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly owned NIKE, Inc. subsidiaries include Converse, Inc., which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; and Hurley International LLC, which designs, markets and distributes surf and youth lifestyle footwear, apparel accessories. For more information, Nike’s earnings releases and other financial information are available at http://investors.nike.com. Individuals can also visit http://news.nike.com and follow @Nike.
SL Green Realty Corp.
Source: SL Green Realty Corp.
News Provided by Acquire Media
We are excited about this partnership and look forward to continuing to bring consumers the very best of Nike in another new, unique brand experience store.
Jeff Nichols, VP Nike Direct to Consumer, North America