{"id":20731,"date":"2019-01-22T16:08:28","date_gmt":"2019-01-22T14:08:28","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=20731"},"modified":"2026-04-07T14:35:19","modified_gmt":"2026-04-07T11:35:19","slug":"company-spotlight-sl-green-realty","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/company-spotlight-sl-green-realty\/","title":{"rendered":"Company Spotlight: SL Green Realty"},"content":{"rendered":"
\"Worldwide<\/a>

Worldwide Plaza, 825 8th Ave.,<\/a>\u00a0iconic Midtown office property that is part of the SL Green portfolio<\/em><\/p><\/div>\n

SL Green Realty Corporation is the largest office landlord in New York City. The firm is an S&P 500 company publicly-listed on the New York Stock Exchange.<\/p>\n

As a fully-integrated REIT, SL Green focuses on acquiring, managing, and maximizing the value of its holdings \u2013 primarily in the Manhattan commercial real estate office market<\/a>.<\/p>\n

The largest owner of commercial real estate in New York City<\/h4>\n

Founded in 1980 by Stephen L. Green, SL Green Realty has been directly involved in acquiring over 125 properties with over 65 million square feet of rentable space. By strategically acquiring, redeveloping, and repositioning high-quality office property the firm consistently maximizes property cash flow and obtains the highest possible total return to its stockholders.<\/p>\n

In 1997 SL Green issued its IPO on the New York Stock Exchange. It was the first public REIT that focused solely on New York City commercial real estate<\/a> and has experienced enviable growth ever since. When the company went public its property portfolio consisted of just six properties and 1.2 million square feet of space, and a market cap of $210 million.<\/p>\n

Today SL Green is an S&P 500 company with an equity market cap of about $11 billion. The company\u2019s property portfolio now contains interests in 125 office and retail buildings and over 65 million square feet of space.<\/p>\n

SL Green\u2019s commercial real estate portfolio<\/h4>\n
\"office<\/a>

100 Park Ave.<\/a>, one of several LEED Gold-certified office buildings in the SL Green investment property portfolio<\/em><\/p><\/div>\n

As of Q3 2018 the commercial real estate portfolio at SL Green consisted of interests in 106 Manhattan buildings with a total of 46.4 million square feet of space. The firm has holdings in the Grand Central, Penn Station, Times Square<\/a>, Westside<\/a>, Uptown East Side<\/a>, Plaza, Downtown<\/a>, Midtown South<\/a>, Chelsea<\/a>, and SoHo office<\/a> submarkets of Manhattan.<\/p>\n

The firm\u2019s investment property portfolio includes the office buildings at 100 Park Avenue, 220 East 42nd<\/sup> Street, 711 Third Avenue, 420 Lexington Avenue and 485 Lexington Avenue<\/a> office buildings near the Chrysler Building<\/a>, and the 1185 Avenue of the America office building.<\/p>\n

The firm also holds ownership interests in 15 suburban office buildings with 2.3 million square feet of space in the Brooklyn<\/a>, Westchester County<\/a>, and Connecticut commercial real estate<\/a> markets.<\/p>\n

Primary business units of SL Green Realty<\/h4>\n

SL Green operates as a fully integrated real estate investment trust with six main business units:<\/p>\n

Leasing<\/strong><\/p>\n

The 25-member leasing team at SL Green Realty focuses on attracting and retaining tenants. Since 1993 SL Green has boasted occupancy rates above the market average by focusing on the firm\u2019s short- and long-term leasing objectives.<\/p>\n

Finance<\/strong><\/p>\n

\"\"<\/a>

800 3rd Ave.<\/a>, and 526,124-square-foot mixed-use property that is 100% leased<\/a> to communications technology, law, and retail businesses<\/em><\/p><\/div>\n

The finance team at SL Green excels in accounting, forecasting, strategic capital planning, budgeting, tax management, and investor relations. This allows the firm to quickly assess, underwrite, and capitalize on commercial real estate investment opportunities<\/a> in Manhattan.<\/p>\n

Investments<\/strong><\/p>\n

The 20-member investment team at SL Green is professional and entrepreneurial, dedicated and creative, operating in an environment that benefits the firm\u2019s overall investment platform. The team is able to structure complicated and innovative transactions through joint ventures, and debt and preferred equity investments<\/a> that help drive the growth and ongoing real estate investment performance of SL Green Realty.<\/p>\n

Property Management & Construction<\/strong><\/p>\n

\"office<\/a>

The One Madison Ave., office building<\/a>, adjacent to the MetLife Insurance Tower, features\u00a090,000-square-foot floor plates and in-building subway access<\/em><\/p><\/div>\n

SL Green employs over 250 property management and construction professionals and upwards of 1,000 front line workers to ensure tenants are satisfied. Happy tenants result in increased asset values and stronger shareholder returns. The property management team at SL Green Realty provides direct management services to almost all the firm\u2019s New York City commercial real estate investment portfolio.<\/p>\n

SL Green\u2019s construction team has a wide range of expertise including base-building system improvements, custom build-outs for tenants<\/a>, and constructing build-to-suit spaces.<\/p>\n

Information Technology<\/strong><\/p>\n

The IT team at SL Green maintains the firm\u2019s primary technology needs and implements solutions that make good business sense. They design and install technology infrastructure and provide a cyber-secure high-tech environment that supports the technology needs of SL Green Realty.<\/p>\n

Human Resources & Administration<\/strong><\/p>\n

People are a key asset at SL Green. The firm\u2019s HR and administration team helps to identify and retain top commercial real estate talent. The elite workforce at SL Green Realty allows the company to keep growing and developing.<\/p>\n

The executive management team at SL Green Realty<\/h4>\n

The executive management team at SL Green consistently delivers superior execution of acquisitions and dispositions, leasing and operations, construction, admin and financial reporting:<\/p>\n