SL Green Expands Nordstrom Future Men’s Store at 3 Columbus Circle
Lease Caps Another Strong Year for SL Green Retail
NEW YORK–(BUSINESS WIRE)– SL Green Realty Corp (NYSE: SLG), New York City’s largest commercial property owner, and The Moinian Group, today announced that leading fashion specialty retailer, Nordstrom, (NYSE:JWN) is expanding its future Men’s store at 3 Columbus Circle by another 3,973 square feet, bringing its total leased space at the location to 46,991 square feet. The Men’s store is part of the retailer’s New York City flagship footprint, and the expansion will allow Nordstrom to occupy the building’s Broadway retail frontage in full, including the corners of both 57th and 58th Street in addition to its flagship space at 225 West 57th Street.
Brett Herschenfeld, SL Green Managing Director, commented, “We are thrilled to continue our partnership with Nordstrom, a preeminent fashion retailer throughout North America. Nordstrom’s expansion reflects the prominence of 3 Columbus Circle’s location and demonstrates the continuing strong demand for high quality retail space in New York City. This transaction caps the complex retail leasing program at 3 Columbus in which several tenants were bought out or relocated and spaces combined to maximize selling area, providing significant incremental revenues for the company.”
The Nordstrom lease concludes an extremely successful 2016 for SL Green Retail. Year to date, the company has executed 32 retail leases totaling 310,534 square feet, generating in excess of $70 million of rental revenue.
Mr. Herschenfeld said, “SL Green has assembled a premier portfolio of prime retail offerings in New York City with more locations to come. I am proud of our team’s results in 2016 and look forward to building upon the momentum and pipeline we have going into 2017.”
Derek Trulson of Jones Lang LaSalle represented Nordstrom in this transaction.
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.
Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 349 stores in 40 states, including 123 full-line stores in the United States, Canada and Puerto Rico; 215 Nordstrom Rack stores; two Jeffrey boutiques; and two clearance stores. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com and HauteLook. The company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its seven clubhouses. Nordstrom, Inc.’s common stock is publicly traded on the NYSEunder the symbol JWN.
SL Green Realty Corp.
Source: SL Green Realty Corp.
News Provided by Acquire Media
We are thrilled to continue our partnership with Nordstrom, a preeminent fashion retailer throughout North America. Nordstrom's expansion reflects the prominence of 3 Columbus Circle's location and demonstrates the continuing strong demand for high quality retail space in New York City.
Brett Herschenfeld, Managing Director