NEW YORK, July  22, 2026  (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced that a leading AI tenant has signed a new 10-year lease covering 98,420 square feet

SL Green Inks 98,000 Square Foot Lease at 11 Madison Avenue

SL Green signs 98,420 sf AI lease at 11 Madison Avenue, signaling demand

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, July  22, 2026  (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced that a leading AI tenant has signed a new 10-year lease covering 98,420 square feet</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>SL Green reported a 10-year lease for 98,420 sq ft on the 11th floor of 11 Madison Avenue by a leading AI tenant, lifting 2026 leasing to 1.48 million sq ft with a pipeline exceeding 900,000 sq ft. The deal reinforces AI/tech demand for premier Manhattan offices and supports occupancy for 11 Madison and nearby assets, signaling potential ongoing rent strength.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>AI tenant signs 98,420 sf lease on 11th floor, 11 Madison Ave. Signals demand.</li><li>SLG has leased 1,478,673 sf in 2026; pipeline &gt;900,000 sf. Momentum persists.</li><li>11 Madison Ave fully leased; One Madison adjacent ~1.4M sf inventory also leased.</li><li>AI/tech tenant roster includes Sony, UBS, Jim Beam, WME, Pinterest.</li><li>As of Jun 30, 2026, SL Green owns 54 buildings totaling 30.6M sf.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Sony Group Corporation (SONY)</strong>: Anchors the 11 Madison roster; enhances asset quality and demand resilience.</li><li><strong>Pinterest, Inc. (PINS)</strong>: Public tech tenant contributing to premier asset mix and AI cluster appeal.</li><li><strong>IBM (IBM)</strong>: Longstanding tech tenant; adds depth to AI/tech concentration in the area.</li><li><strong>Palo Alto Networks, Inc. (PANW)</strong>: Cybersecurity firm; reinforces high-profile AI/tech tenant spine.</li><li><strong>UBS Group AG (UBS)</strong>: Renowned financial tenant; supports premium leasing proposition.</li></ul>
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  <section data-block="category">
    <h3>Industry News</h3>
    <p>Industry News: highlights leasing momentum and AI-driven tenant clustering around Madison Square, supporting SLG&#039;s occupancy and rent trajectory.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>New 10-year AI lease at premier asset boosts occupancy visibility and rent durability.</li><li>11 Madison Avenue now fully leased, strengthening SLG&#039;s high-quality tenant base.</li><li>2026 year-to-date leases reach ~1.48M sq ft with a &gt;900k sq ft pipeline.</li><li>Madison Square cluster expansion supports SLG&#039;s location advantage and pricing power.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Lease: 98,420 sq ft for 10 years on the 11th floor of 11 Madison Ave.</li><li>YTD leases in 2026: 1,478,673 sq ft; pipeline &gt; 900,000 sq ft.</li><li>11 Madison Avenue is fully leased; One Madison Avenue adjacent inventory ~1.4M sq ft and fully leased.</li><li>As of June 30, 2026: SL Green owns 54 buildings totaling 30.6M sq ft; 29.2M sf owned.</li><li>Tenant roster at 11 Madison includes Sony, UBS, Jim Beam Brands, WME, Pinterest.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish near-term on SLG as AI tenant demand drives leasing momentum; hold for 6–12 months.</p>
  </section>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>NEW YORK, July  22, 2026  (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SLG">SLG</a>), Manhattan’s largest office landlord, today announced that a leading AI tenant has signed a new 10-year lease covering 98,420 square feet for the entire 11th floor at 11 Madison Avenue, demonstrating the on-going demand for premier office space in Midtown South.</p>  <p>With this transaction, SL Green has signed office leases totaling 1,478,673 square feet to date in 2026, while maintaining a current pipeline of over 900,000 square feet.</p>  <p>"We are excited to welcome another premier tenant to the already impressive tenant roster at 11 Madison Avenue which includes SONY, UBS, Jim Beam Brands, WME and Pinterest," said <strong>Steven Durels, Executive Vice President, Director of Leasing and Real Property at SL Green</strong>. "This new lease is testament to the building’s status as one of the most prominent properties in the exciting Midtown South neighborhood and further evidence of the incremental demand that AI and technology tenants are bringing to an already strong leasing market."</p>  <p>11 Madison Avenue is fully leased after signing an additional nearly 300,000 square feet of office leases from the beginning of 2025 to other AI and technology tenants which include Pinterest, Tempus AI and Clay Labs. SL Green’s One Madison Avenue, adjacent to 11 Madison Avenue, introduced approximately 1.4 million square feet of new office inventory to the Madison Square area and is also fully leased with industry-leading AI and technology tenants including Harvey AI, IBM, Palo Alto Networks, and Sigma Computing.</p>  <p>The tenant was represented by Justin Haber and Kyle Riker of JLL. SL Green was represented by Brian Waterman, Brent Ozarowski and Eric Harris of Newmark.</p>  <p><strong>About SL Green Realty Corp.</strong></p>  <p>SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of June 30, 2026, SL Green held interests in 54 buildings totaling 30.6 million square feet, which included ownership interests in 29.2 million square feet and 1.4 million square feet securing debt and preferred equity investments, excluding fund investments, and managed 4 buildings totaling 0.9 million square feet owned by third parties.</p>  <p><strong>Forward Looking Statement</strong></p>  <p>This press release includes certain statements that may be deemed to be &#34;forward-looking statements&#34; within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbor provisions thereof. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including such matters as future capital expenditures, dividends and acquisitions (including the amount and nature thereof), development trends of the real estate industry and the New York metropolitan area markets, occupancy, business strategies, expansion and growth of our operations and other similar matters, are forward-looking statements. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate. Forward-looking statements are not guarantees of future performance and actual results or developments may differ materially, and we caution you not to place undue reliance on such statements. Forward-looking statements are generally identifiable by the use of the words &#34;may,&#34; &#34;will,&#34; &#34;should,&#34; &#34;expect,&#34; &#34;anticipate,&#34; &#34;estimate,&#34; &#34;believe,&#34; &#34;intend,&#34; &#34;project,&#34; &#34;continue,&#34; or the negative of these words, or other similar words or terms.</p>  <p>Forward-looking statements contained in this press release are subject to a number of risks and uncertainties, many of which are beyond our control, that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by forward-looking statements made by us. Factors and risks to our business that could cause actual results to differ from those contained in the forward-looking statements include risks and uncertainties described in our filings with the Securities and Exchange Commission. Except to the extent required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of future events, new information or otherwise.</p>  <p><strong>PRESS CONTACT</strong><br></br>slgreen@berlinrosen.com</p>  <p>SLG-LEAS</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc2NjU4NiM3NzE4NjU5IzIwMDgyNDM="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YmFjODljZjQtNjQ5My00YjhiLThmYTUtZGM3NDFkYmQzNjhhLTEwMTk4MTYtMjAyNi0wNy0yMi1lbg==/tiny/SL-Green-Realty-Corp.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/fd1a857e-5838-406f-a5e3-1ee8f6d83bb1"><img src="https://ml.globenewswire.com/media/fd1a857e-5838-406f-a5e3-1ee8f6d83bb1/small/slglogo-png.png" border="0" width="150" height="43" alt="Primary Logo"></img></a></p>

SL Green reported a 10-year lease for 98,420 sq ft on the 11th floor of 11 Madison Avenue by a leading AI tenant, lifting 2026 leasing to 1.48 million sq ft with a pipeline exceeding 900,000 sq ft. The deal reinforces AI/tech demand for premier Manhattan offices and supports occupancy for 11 Madison and nearby assets, signaling potential ongoing rent strength.

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SL Green Inks 98,000 Square Foot Lease at 11 Madison Avenue

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