SL Green Sells 49% Stake in Park Avenue Office Tower for ...
6 Articles
6 Articles
Rockpoint Acquires Minority Stake in SL Green’s 100 Park Ave.
SL Green Realty Corp. and Boston-based real estate private equity firm Rockpoint have formed a joint venture for the ownership of 100 Park Ave. in Midtown Manhattan. SL Green’s sale of a 49% interest to Rockpoint values the office tower at $425 million. “Office has been a significant focus for Rockpoint throughout our 31-year history; we know the asset class extremely well and have always been disciplined about investing,” said Dan Domb, managin…
SL Green Sells Stake in Midtown Manhattan Office Building to Rockpoint
NEW YORK CITY — Local real estate giant SL Green (NYSE: SLG) has sold a 49 percent stake in 100 Park Avenue in Midtown Manhattan to Boston-based real estate private equity firm Rockpoint at a gross asset valuation of $425 million. Major tenants at the 36-story, 905,000-square-foot building include Alphasights (192,630 square feet) and Alvarez & Marsal Holdings (220,221 square feet). The building also features a recently renovated amenity center …
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