SL Green to Drop Big Bucks for NYC Trophy Building

 

SL Green Realty Corp. plans to acquire Eleven Madison Avenue, a 29-story, 2.3 million-square-foot Class A building in Manhattan’s Midtown South market, for $2.3 billion in what is expected to be another record-setting deal for a New York City office tower.

It would be the second biggest deal for a U.S. office building since 2008, when Boston Properties bought the GM building at 767 Fifth Ave. for $2.8 billion from Harry Macklowe.

 

Read the article at Commercial Property Executive.