April 20, 2022

SL 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.

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