SL Green Sells Tarrytown, NY Office Property


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

property owner, today announced an agreement to sell 520 White Plains

Road, a 180,000-square-foot office building in Tarrytown, NY for a gross

sale price of $21 million, or $117 per square foot. The transaction is

expected to close during the second quarter of 2017, subject to

customary closing conditions.

SL Green Co-Chief Investment Officer Isaac Zion commented, “This

transaction is a continuation of our strategic efforts to dispose of

non-core assets in order to generate cash proceeds that can be used for

reinvestment or further fortification of our balance sheet.”

Jeff Dunne of CBRE represented the purchaser in the transaction

announced today.

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 September 30, 2016, the

Company held interests in 125 Manhattan buildings totaling 46.6 million

square feet. This included ownership interests in 28.1 million square

feet of commercial buildings and debt and preferred equity investments

secured by 18.6 million square feet of buildings. In addition, the

Company held ownership interests in 30 suburban buildings totaling 4.8

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.


Isaac Zion
Co-Chief Investment Officer
Matt DiLiberto

Financial Officer

Source: SL Green Realty Corp

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