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Stock impact report

SL Green Announces Acquisition of 500 Park Avenue

SL Green Realty Corp (SLG) 
Last sl green realty corp earnings: 4/22 05:01 pm Check Earnings Report
US:NYSE Investor Relations: slgreen.gcs-web.com/investor-relations
Company Research Source: GlobeNewswire
NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced that it has entered into a contract to purchase 500 Park Avenue for $130.0 million. “500 Park Avenue is an extraordinary addition to our Park Avenue portfolio and a rare opportunity to own an iconic asset that hasn’t traded in more than 40 years,” said Harrison Sitomer, Chief Investment Officer of SL Green. “Park Avenue is the best performing office market in New York City with historic low vacancy and 500 Park Avenue will continue to benefit from opportunities in this fortress corridor that attracts top tier tenants and triple-digit rents.” Ideally located at the prestigious corner of 59th Street and Park Avenue, 500 Park Avenue is a historic, landmarked 11-story Class A office building designed by Skidmore, Owings & Merrill (SOM), totaling 201,000 square feet of luxury office and prime retail space. Having been institutionally owned and maintained si Show less Read more
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