Seeking Alpha

SL Green in three retail transactions

  • SL Green (SLG -0.7%) completes the "retail repositioning" of 747 Madison Avenue and brings it to 100% occupancy after signing a lease with a major European fashion house.
  • SL Green is also conveying its 33.3% stake in the retail co-op at 747 Madison, valuing the asset at $160M, and conveying its 50% stake in the retail stores at 21-29 West 34th Street, valuing the entire property at $195M.
  • SL Green is also making a $100M structured investment in conjunction with Jeff Sutton's JV at 530-536 Broadway.
  • Press release
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