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SL Green Reports Record Rents

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January 22, 2008 | 9:19 a.m.
SL Green CEO Marc Holliday.
SL Green CEO Marc Holliday.

SL Green, Manhattan's biggest office landlord, will have its fourth quarter conference call with investors (and media) at 2 today. In a late-night release Monday, the publicly traded landlord touted a strong end to 2007.

Among the happy highlights:

  • SL Green signed 41 Manhattan office leases totaling 282,490 squre feet during the fourth quarter.
  • These 41 leases carried an average rent of $65.68 a square foot, the highest quarterly average in SL Green's history.
  • Bought a majority share of 388-390 Greenwich Street from Citigroup for $1.6 billion in one of the biggest property buys of 2007.

What will investors think? Stay tuned.

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