SL Green Sells Midtown Manhattan Office Property for $312.2 Million
SL Green Realty Corp. has sold the office building at 10 East 53rd Street in Midtown Manhattan for $312.2 million. Greenberg Traurig advised on the transaction.
SL Green Realty Corp. has completed the sale of an office property located at 10 East 53rd Street in Midtown Manhattan for $312.2 million. The building is a 37-story, approximately 390,000-square-foot office tower.
Greenberg Traurig, LLP served as legal counsel to SL Green Realty Corp., Manhattan's largest office landlord, in the transaction. The property is situated in Midtown East, a prominent business district.
This sale is part of SL Green's ongoing strategy to manage its real estate portfolio. The company has not provided further details regarding the specific reasons for the sale or its future investment plans.
Financial terms beyond the sale price and the timeline of the transaction have not been publicly disclosed. SL Green continues its operations as a major player in the Manhattan office market.