Reckson/SL Green's Mt. Pleasant Corporate Center is a Tech Magnet
VMTurbo, Inc. Signs 9,000+ Sq Ft at 115-117 Stevens Avenue in Valhalla, NY
White Plains, NY – November 4, 2013 – Reckson, a Division of SL Green (NYSE: SLG) today announced that VMTurbo, Inc., a company that provides infrastructure efficiency for cloud and virtualized environments, has signed a lease covering 9,171 square feet at 115-117 Stevens Avenue in Valhalla, NY, a 126-,000-square-foot building aka Mount Pleasant Corporate Center.
VMTurbo, headquartered in Burlington, MA, is more than doubling in size with this new office space situated on the second floor of the building. Its former premises in Valhalla consisted of approximately 4,000 square feet.
VM Turbo’s lease signing follows Axiom Software Ltd.’s commitment to establish its headquarters at the building two years ago. Also a high-tech service provider, Axiom specializes in developing critical enterprise applications for parts distribution.
“Equipped with sophisticated fiber optics and state-of the art communications systems, the building is definitely becoming a magnet for technology firms,” said John Barnes, Reckson/SL Green Senior Vice President and Managing Director, Suburban Division, who explained that the 115-117 Steven’s Avenue shuttle service to Metro North White Plains train station, and its central location offering direct access to the Sprain, Saw Mill and Bronx River Parkways and I287 are also amenities that attract tenants.
Situated on five beautifully landscaped acres in close proximity to Westchester County Airport, the office park features covered on-site parking, a dining facility and catering, a fitness center with sauna and steam and 24/7 security.
David Perlmutter, Perlmutter Properties represented VMTurbo in the transaction, while Robert Swierbut, Vice President, acted for Reckson/SL Green in-house.
About SL Green Realty Corp.
SL Green Realty Corp., New York City's largest office landlord, is the only fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of September 30, 2013, SL Green owned interests in 89 Manhattan properties totaling 42.3 million square feet. This included ownership interests in 23.9 million square feet of commercial properties and debt and preferred equity investments secured by 14.9 million square feet of properties. In addition to its Manhattan investments, SL Green holds ownership interests in 31 suburban assets totaling 5.4 million square feet in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey, along with three development properties in the suburbs encompassing approximately 0.4 million square feet. The Company also has ownership interests in 28 properties totaling 3.7 million square feet in southern California.