Metro-North, SL Green Ink 20-Year Lease For NYC Offices

Law360, New York (December 9, 2013, 3:12 PM EST) -- Metro-North Railroad Co., a unit of New York state's Metropolitan Transportation Authority, has signed a 20-year, 265,903-square-foot lease at 420 Lexington Ave. in Manhattan, landlord SL Green Realty Corp. said Monday.

The lease, at the 1.2 million-square-foot Graybar Building, covers a 133,503-square-foot renewal for the entire 11th and 12th floors plus part of the 22nd floor. It also includes new space covering 132,400 square feet on the entire 10th floor and large portions of the second, third and fifth floors.

“This was an exceedingly complicated transaction,...
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