SL Green Announces Completion of the Capitalization of 126 Nassau Street
Entered into a partnership agreement with a real estate fund managed by
Meritz Alternative Investment Management, who holds an 80% interest in the new joint venture, with SL Green retaining a 20% interest and oversight of the development; and
Closed on a
$125.0 millionconstruction financing facility provided by The Bank of China.
“Securing both a joint venture partner and construction facility for this project is a vote of confidence in SL Green’s ability to deliver best-in-class new development to New York City’s most prominent users. It also further solidifies Lower Manhattan’s long-term status as a commercial, academic, retail and residential hub.” said
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SLG – A&D
Chief Financial Officer