SL Green and Jeff Sutton Sign 69,000 Square-Foot Lease with Nike
SL Green Realty Corp (NYSE: SLG), New York City's largest commercial landlord, along with its partner Jeff Sutton, today announced that NIKE, Inc., the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities, signed a 15-year lease covering seven floors and 69,214 square feet at 650 Fifth Avenue. The lease comprises the building's entire retail component.
"It is a true honor to enter into this long-term partnership with such a respected global sports retail leader as Nike," said Brett Herschenfeld, Managing Director.
"We are excited about this partnership and look forward to continuing to bring consumers the very best of Nike in another new, unique brand experience store," said Jeff Nichols, Vice President of Nike's Direct to Consumer business in North America.
Situated at West 52nd Street, 650 Fifth Avenue is a 36-story office building in the heart of the Plaza District.
About NIKE, Inc.
NIKE, Inc., based near Beaverton, Oregon., is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly owned NIKE, Inc. subsidiaries include Converse, Inc., which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; and Hurley International LLC, which designs, markets and distributes surf and youth lifestyle footwear, apparel accessories. For more information, Nike's earnings releases and other financial information are available at http://investors.nike.com. Individuals can also visit http://news.nike.com and follow @Nike.