SL Green Closes on $252.5M Acquisition in NYC

SL Green Realty Corp. (NYSE: SLG), the largest commercial office landlord in New York City, has closed on its previously announced acquisition of the HarperCollins Bldg. at 10 E. 53rd St. in New York City. The total purchase price came to $ 252.5 million, or approximately $ 647 per square foot.

The company then entered a joint venture with Canada Pension Plan Investment Board (CPPIB), which took a 45 percent ownership stake in the property with…
National Commercial Real Estate News From CoStar Group