SL Green Announces Sale of 1080 Amsterdam Avenue
Retrieved on:
Monday, December 6, 2021
NEW YORK, Dec. 06, 2021 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattans largest office landlord, together with its joint venture partner, Stonehenge, today announced the sale of its leasehold interest in 1080 Amsterdam Avenue for a gross sale price of $42.5 million resulting in a gain in excess of $15.0 million.
Key Points:
- NEW YORK, Dec. 06, 2021 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattans largest office landlord, together with its joint venture partner, Stonehenge, today announced the sale of its leasehold interest in 1080 Amsterdam Avenue for a gross sale price of $42.5 million resulting in a gain in excess of $15.0 million.
- The sale of 1080 Amsterdam continues our efforts to consolidate our portfolio into prime, core assets, said Harrison Sitomer, Senior Vice President of SL Green.
- 1080 Amsterdam Avenue is an 82,250-square-foot, 20-story pre-war elevator building located just south of Columbia Universitys campus, at the northwest corner of Amsterdam Avenue and West 113th Street on Manhattans Upper West Side.
- An Ackman-Ziff team including Marc Sznajderman, Andrew Sasson, Chad Sinsheimer, and Justin Bomba advised SL Green in the sale.