Kushner Companies, LIVWRK, & SL Green Partner to Acquire Gowanus Site


Kushner Companies, LIVWRK and SL Green Realty Corp. (NYSE: SLG)

today announced a new joint venture to acquire a 140,000 square-foot

site in Gowanus, one of Brooklyn’s most exciting and diverse

neighborhoods. The 3-acre site is located at 225 Third Street between

Bond Street and Third Avenue. Situated between Brooklyn’s iconic Park

Slope and Carroll Gardens communities and accessible to the F, G and R

lines, the property is directly across the street from the recently

opened Whole Foods Market and near several of the area’s newest dining

and recreational outposts.

“We were drawn to the culture, energy and fabric of the Gowanus

neighborhood and its rich industrial history,” said Jared Kushner,

CEO of Kushner Companies. “With LIVWRK’s mixed-use expertise and SL

Green’s long-term vision we believe this site will have great mixed-use

potential over time in an exciting community.”

“We feel privileged to partner with Kushner Companies and SL Green in

acquiring an exceptional site on the only two-way corridor connecting

Carroll Gardens to Park Slope in a very high barrier to entry market,”

said Asher Abehsera, CEO of LIVWRK. “We look forward to working

with the de Blasio Administration, Borough President Eric Adams,

Councilmember Brad Lander and the entire community to build on this

momentum and find a long-term use for this site that will enhance the

great attributes of this vibrant, growing neighborhood.”

“We are proud to partner with Kushner Companies and LIVWRK, two

innovative companies with a track record of enhancing dynamic live-work

communities in Brooklyn,” said Robert Schiffer, Managing Director at

SL Green. “Gowanus is emerging as a prime retail and live-work

neighborhood with an extremely exciting future.”

About Kushner Companies

Kushner Companies is a diversified real estate organization

headquartered in New York City. It is responsible for the ownership,

management, development and redevelopment of numerous properties. Its

national reach consists of more than 20,000 multifamily apartments, and

over 11 million square feet of office, industrial and retail space

throughout New York, New Jersey, Pennsylvania, Maryland, Ohio and



LIVWRK is a principal based real estate company concentrated on mixed

use urban development. Our team has a history of success for identifying

and developing exceptional best in class projects. With a distinguished

track record we are embarking on a new journey and taking an

unprecedented approach to delivering new, game-changing projects.

About SL Green

SL Green Realty Corp., New York City’s largest office landlord, is a

fully integrated real estate investment trust, or REIT, that is focused

primarily on acquiring, managing and maximizing value of Manhattan

commercial properties. As of September 30, 2014, SL Green held interests

in 96 Manhattan buildings totaling 44.1 million square feet. This

included ownership interests in 28.0 million square feet of commercial

buildings and debt and preferred equity investments secured by 16.1

million square feet of buildings. In addition to its Manhattan

investments, SL Green held ownership interests in 35 suburban buildings

totaling 5.9 million square feet in Brooklyn, Long Island, Westchester

County, Connecticut and New Jersey.

To be added to the Company’s distribution list or to obtain the latest

news releases and other Company information, please visit our website at

or contact Investor Relations at 212.594.2700.


For SL Green Realty Corp.
Nicole Kolinsky or Jeremy Soffin,


Source: SL Green Realty Corp.

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