SL Green Realty (SLG) Acquires 450 Park Avenue for $445M
SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, today announced that it has entered into a contract to purchase 450 Park Avenue for $445.0 million from Oxford Properties. The transaction is expected to close in the second quarter, subject to customary closing conditions.
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April 20, 2022SL Green Paying $445M For Midtown Tower In First Office Buy Since 2018
The largest owner of Manhattan office space is making its made its first addition to its office holdings in four years. SL Green has reached a deal to buy 450 Park Ave., a 33-story, 337K SF skyscraper near Central Park, for $445M. The real estate investment trust expects to close on the acquisition from current owner Oxford Properties in the second quarter.
April 20, 2022SL Green Announces Acquisition of 450 Park Avenue
SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, today announced that it has entered into a contract to purchase 450 Park Avenue for $445.0 million from Oxford Properties. The transaction is expected to close in the second quarter, subject to customary closing conditions.
April 20, 2022SL Green enters contract to buy Park Avenue tower for $445 million
SL Green Realty Corp. has entered into a contract to buy a 33-story Park Avenue tower for $445 million. The company plans to buy 450 Park Ave. from Oxford Properties, a real estate investor, manager and developer based in Toronto. The acquisition was announced Wednesday and is expected to close in the second quarter, subject to customary closing conditions, according to SL Green.
Read more on The Business Journals
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Climate risk is important for everyone. As professionals in an industry responsible for approximately 30% of the world’s greenhouse gas emissions, the commercial real estate industry is beginning to come together globally to address the challenges.
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