SL Green Signs 491k SF Office Leases, Sells 690 Madison Avenue for $54.5M
SL Green extended CFO and COO contracts through 2028 and promoted Harrison Sitomer to President & CIO, reinforcing senior leadership stability. The REIT signed 32 Manhattan office leases totaling 491,098 square feet with a 1.0 million-square-foot pipeline and sold 690 Madison Avenue for $54.5 million.
1. Executive Leadership Updates
SL Green promoted Harrison Sitomer to President and Chief Investment Officer and extended contracts for CFO Matthew DiLiberto and COO Edward Piccinich through the end of 2028. These moves underscore leadership continuity, with senior executives averaging over 20 years of tenure, as the company reinforces its capital platform and asset management strategy.
2. Robust Leasing Activity
In the first two months of 2026, SL Green signed 32 Manhattan office leases totaling 491,098 square feet, with a leasing pipeline exceeding 1.0 million square feet. Notable deals include a 150,036-square-foot expansion at 245 Park Avenue by a global investment firm and a 51,081-square-foot expansion at 125 Park Avenue by TD Securities.
3. Strategic Asset Disposition
SL Green and joint venture partner Wharton Properties closed the sale of 690 Madison Avenue for $54.5 million. The five-story, 7,850-square-foot Upper East Side building is fully leased to Van Cleef & Arpels, reflecting strong demand for flagship retail locations along Manhattan’s premier corridors.