SL Green and Mori Building Co., Ltd. Complete Investment in One Vanderbilt Avenue
PINCPremier(PINC) GlobeNewswire News Room·2024-11-22 05:05

NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), New York’s largest owner of office properties, today announced that it closed on the sale of an 11.0% interest in One Vanderbilt Avenue to Mori Building Co., Ltd, Japan’s leading urban landscape developer. The investment was completed at a gross valuation of $4.7 billion for the iconic property. After completion of the transaction, SLG maintains a 60.0% stake in One Vanderbilt Avenue. “One Vanderbilt is a globally-renowned and arc ...