SL Green Partners With Stonehenge to Acquire $416M NYC Portfolio

SL Green Realty Corp. (NYSE: SLG) has formed a venture with Stonehenge Partners and entered into an agreement to purchase eight retail and multifamily properties in New York City for $ 416 million. The deal is expected to close in the first quarter of 2012.

Stonehenge, a prominent multifamily operator with more than 2,560 units in NYC, will reposition and manage the residential portion of the portfolio. The portfolio includes some 402 rental units…
National Commercial Real Estate News From CoStar Group