S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

SL Green Sheds Midtown Office Tower in $312 Million Deal

Manhattan’s largest office landlord, SL Green Realty Corp., has finalized the sale of 10 East 53rd Street for $312.2 million. The transaction, involving a 37-story Midtown East asset currently holding a 92% occupancy rate, marks a significant shift in the firm’s portfolio composition within the competitive Fifth and Madison corridor.

SL Green Sheds Midtown Office Tower in $312 Million Deal
Photo: Bio & News

The legal strategy for the divestment was spearheaded by Greenberg Traurig, specifically New York Real Estate Practice Co-Chair Adam M. Goldstein. His team, including associates Shimmy Friedlander and Tatiana Codner alongside paralegal supervisor Tana Brkani, managed the complex transfer of the 390,000-square-foot property. This sale follows a string of recent collaborations between the two entities, most notably the divestment of a joint venture interest in the 346 Madison Avenue development. By offloading this high-occupancy Midtown asset, SL Green continues its tactical adjustment of real estate holdings amidst broader market fluctuations.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!