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SL Green To Strengthen Portfolio With Acquisition of 500 Park Avenue
SLGSL Green(SLG) ZACKS·2024-11-28 23:45

SL Green Realty Corp. (SLG) , Manhattan’s largest office landlord, has reinforced its dominance in New York City’s premium office market by entering into a contract to acquire 500 Park Avenue for $130 million. This iconic 11-story Class A office building, designed by Skidmore, Owings & Merrill (SOM), is a strategic addition to SL Green’s portfolio in the highly coveted Park Avenue corridor.Located at the corner of 59th Street and Park Avenue, 500 Park Avenue is steeped in history, originally serving as Peps ...