NEWS

SL Green Completes Acquisition of Eleven Madison Avenue

NEW YORK–(BUSINESS WIRE)–

SL Green Realty Corp. (NYSE:SLG), New York City’s largest commercial

property owner, announced today that it has completed the acquisition of

Eleven Madison Avenue in New York City for $2.285 billion, plus

approximately $300 million in costs associated with lease stipulated

improvements to the property. The acquisition has been financed with

$1.4 billion of 10-year, interest only, fixed rate financing, with an

interest rate of 3.838% per annum.

About SL Green Realty Corp.

SL Green Realty Corp., an S&P 500 company and 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 June 30, 2015, SL Green

held interests in 120 Manhattan buildings totaling 44.1 million square

feet. This included ownership interests in 29.0 million square feet of

commercial buildings and debt and preferred equity investments secured

by 15.1 million square feet of buildings. In addition to its Manhattan

investments, SL Green held ownership interests in 37 suburban buildings

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

County, Connecticut and New Jersey. For more information, please

visit: https://slgreen.com/

Forward-looking Statement

This press release includes certain statements that may be deemed to

be “forward-looking statements” within the meaning of the Private

Securities Litigation Reform Act of 1995 and are intended to be covered

by the safe harbor provisions thereof. All statements, other than

statements of historical facts, included in this press release that

address activities, events or developments that we expect, believe or

anticipate will or may occur in the future, are forward-looking

statements. Forward-looking statements are not guarantees of future

performance and we caution you not to place undue reliance on such

statements. Forward-looking statements are generally identifiable by the

use of the words “may,” “will,” “should,” “expect,” “anticipate,”

“estimate,” “believe,” “intend,” “project,” “continue,” or the negative

of these words, or other similar words or terms.

Forward-looking statements contained in this press release are

subject to a number of risks and uncertainties, many of which are beyond

our control that may cause our actual results, performance or

achievements to be materially different from future results, performance

or achievements expressed or implied by forward-looking statements made

by us. Factors and risks to our business that could cause actual results

to differ from those contained in the forward-looking statements are

described in our filings with the Securities and Exchange Commission. We

undertake no obligation to publicly update or revise any forward-looking

statements, whether as a result of future events, new information or

otherwise.

SLG-A&D

Andrew Mathias
President
or
Matt DiLiberto
Chief

Financial Officer
212-594-2700

Source: SL Green Realty Corp.

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