One Court Sq Sells for $481M

SL Green Realty Corp. (NYSE: SLG), along with joint venture partners including JP Morgan Chase & Co., have sold One Court Square in Long Island City, NY to a private investor group led by David Werner for a total consideration of $ 481 million, or about $ 324 per square foot.

The sale, previously announced by SL Green back in November 2011, includes the assumption by the buyer of $ 315 million in existing debt. Paramount Group, Inc., in a joint venture…
National Commercial Real Estate News From CoStar Group