SL Green buys partner out of $190M Third Avenue tower
SL Green bought out its partner at 800 Third Avenue in a deal that values the 41-story office tower at $190 million. The Marc Holliday-led REIT bought the 39.5 percent stake in the 1970s-era office building from Larry Wohl’s Joseph P. Day, the company announced Friday. SL Green now owns 100 percent of the 750,000-square-foot property. Along with the buyout, the company modified and extended the tower’s $177 million mortgage. Chief Investment Officer Harry Sitomer said the transactions exemplify SL Green’s long-term outlook on what the real estate firm considers to be well-located Midtown Manhattan assets. “We continue to see […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
What Does It Mean When the Appraisal Comes in Higher Than
Your Offer?
How to Pack for a Move In a Month: Your Room-by-Room
Plan
How to Pack for a Move In a Hurry: A Fast Track to
Success
Rent Spikes are a Thing of the Past—But Investors Can Look
Forward to a Stable Multifamily Market Instead
Why Investors Are Feeling Increasingly Positive About the
Multifamily Market
A New Fed Chairman is Coming Soon—Here’s What Their
Potential Low-Rate Policy Will Mean For Investors
Are Lower Rent Prices the Solution to Your Problems? The
Data Says Maybe
We Buy Houses Kirkland: Top 6 Companies
SL Green buys partner out of $190M Third Avenue
tower
Flush Wall Street workers are keeping luxury deals
flowing 
