SL Green(US:SLG) ZACKS·2025-12-08 17:01Core Insights - SL Green Realty Corp. (SLG) has signed Manhattan office leases totaling 2.3 million square feet in 2025, with an additional 1.2 million square feet in the pipeline, positioning the company to meet its occupancy target of 93.2% [1][9] Leasing Activity - In Q4 2025, significant lease deals include a financial services company expanding its lease by 92,663 square feet at One Madison Avenue, bringing its total to 159,871 square feet [2] - Wells Fargo Bank renewed and expanded its lease for nine years, covering 49,865 square feet at 280 Park Avenue [2] - Moroccanoil signed a 10-year lease for 39,799 square feet at 1185 Avenue of the Americas [3] - Houlihan Lokey expanded its space with a 9.5-year lease for 37,224 square feet at 245 Park Avenue, increasing its total area to 221,656 square feet [3] - Hinshaw & Culbertson renewed its lease for another 10 years, covering 26,977 square feet at 800 Third Avenue [3] Acquisition and Financing - SL Green completed the acquisition of its joint venture partners' 39.48% interest in 800 Third Avenue for $5.1 million, achieving 100% ownership [4] - The company modified and extended the existing $177 million mortgage on the property, with the maturity date extended to February 2031 and an interest rate fixed at 5.03% from February 2026 through February 2029 [5][6] Market Position and Outlook - The company is well-positioned to navigate the challenging environment due to long-term leases with a diverse tenant base, ensuring stable rental revenues [7] - The transactions reflect the company's long-term outlook on well-located Midtown Manhattan properties and its success in extending loan maturities on favorable terms [7]