420 Lexington Ave, located in New York, NY, is an office asset that is part of SL Green Realty's portfolio. The property involves a total square footage of 115,000 and is known as the Graybar Building. The tenant, New York Life Insurance Company, has committed to a 10-year lease renewal and expansion. The asking rent for the space was $65 per square foot, with the tenant previously leasing approximately 88,000 square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Square Feet: 115,000
• Address: 420 Lexington Ave, New York, NY, 101...
• Market: New York
• Tenant: New York Life Insurance Company
• Tenant's Representatives: Matthew Astrachan - JLL, Paul Glickman - JLL
• Landlord: SL Green Realty
• Landlord's Representative: David Kaufman - SL Green Realty
• Previous Lease Size: 88,000 SF
• Asking Rent: $65/SF

This transaction features tenant representation by Matthew Astrachan and Paul Glickman from JLL, while David Kaufman represents SL Green Realty in-house. The deal showcases a significant renewal and expansion effort from the tenant to secure an upgraded space within a prominent office market.