- SL Green (NYSE:SLG) boosts its stake in the 674K square foot office condo at 1745 Broadway - leased entirely to Random House - to 56.88% from 32.26%.
- Co-CIO David Schonbraun: "This series of transactions once again demonstrates our ability to use our joint venture platform to create proprietary off market acquisition opportunities for SL Green, while allowing our partners to monetize their positions without incurring meaningful transaction costs."
- SL Green acquired its original 32.26% stake in the property in 2007.
- Source: Press Release