Duane Reade signs on at SL Green site

Real Estate Weekly, Oct 29, 2008

SL Green Realty Corp. announced that Duane Reade has signed a 15-year lease renewal covering 5,500 s/f at 625 Madison Avenue.

"We're delighted that Duane Reade will continue its long-term tenancy with us," said Steven M. Durels, executive vice president and director of leasing and real property for SL Green.

The 17-story, 567,517 s/f 626 Madison features a two-story atrium lobby and white glove service. Located between East 58th and East 59th Streets, it is within steps of some of New York's most renowned hotels, including The Four Seasons and The Plaza, and the property's retail tenants include such prestigious international design firms as Baccarat, Fratelli Rossetti, and Stuart Weitzman. LVMH and Polo Ralph Lauren are some of the building's major office tenants

"We were happy to work with SL Green on this major transaction for our client at, arguably, the Upper East Side's most significant retail intersection," said Jeffrey Winick, CEO, Winick Realty Group, which exclusively represents Duane Reade for all its real estate requirements.

Duane Reade occupies space in a number of SL Green buildings, among them 485 Lexington Avenue and 16 Court Street.