SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City.
Video SL Green Realty
Investments
Notable properties owned by the company are:
- One Astor Plaza / 1515 Broadway - 1,330,735 square feet leased to Viacom
- One Vanderbilt
- 461 Fifth Avenue
- 810 Seventh Avenue
- 919 Third Avenue
- Daily News Building / 220 East 42nd Street
Maps SL Green Realty
History
The company's predecessor, S.L. Green Properties, Inc., was formed in 1980 by Stephen L. Green.
In 1997, the company was formed as a successor.
In November 2004, the company sold The Knickerbocker Hotel (Manhattan) for $160 million.
In 2005, the company acquired the Metropolitan Life Insurance Company Tower for $916 million and converted the building into condominiums.
In 2006, the company acquired Reckson Associates in a $4 billion transaction.
In December 2007, the company acquired 388 Greenwich Street from Citigroup in a leaseback transaction. Citigroup reacquired the building in 2016.
In March 2008, the company sold 1250 Broadway for $310 million.
In 2011, the company sold One Court Square to Israeli investors.
In February 2012, the company acquired 724 Fifth Avenue.
In November 2014, the company acquired 102 Greene Street for $32.3 million.
In July 2015, the company acquired 187 Broadway and 5-7 Dey Street for $63.7 million. The company also announced the sale of Tower 45, the office building located at 120 West 45th Street, for $365.0 million and the joint venture of 131-137 Spring Street, based on a property value of $277.8 million.
In August 2017, the company sold the Montague-Court Building for $171.0 million. The company had bought the property for $107.5 million in 2007 and made significant upgrades.
References
External links
Source of the article : Wikipedia
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