SL Green Closes $1.25 Billion Construction Loan for One Madison Avenue
SL Green Realty Corp. (NYSE: SLG), Manhattans largest office landlord, today announced that it and its joint venture partners, the National Pension Service of Korea and Hines, have closed on a $1.25 billion construction loan for One Madison Avenue.
- SL Green Realty Corp. (NYSE: SLG), Manhattans largest office landlord, today announced that it and its joint venture partners, the National Pension Service of Korea and Hines, have closed on a $1.25 billion construction loan for One Madison Avenue.
- Located adjacent to Madison Square Park between Park and Madison Avenues and East 23rd and East 24th Streets, One Madison Avenue will anchor the Midtown South office market as its premier tower.
- Leveraging its vast experience and relationships with global lending partners, SL Green negotiated New York Citys largest office construction facility in 2020, which will advance the citys largest commercial development to begin construction since March.
- Our commitment and belief in New York City is unwavering, said Marc Holliday, Chairman and Chief Executive Officer of SL Green.