Seems Related is the buyer…(updated article)
https://therealdeal.com/new-york/2023/12/04/sl-green-closes-625-madison-ave-saga-with-630m-deal/
SL Green closes 625 Madison Ave saga with $630M sale to Related
By Rich Bockmann
Quote:
The Marc Holliday-led REIT is in contract to sell the 17-story office building for $633 million, The Real Deal has learned. A source later identified the buyer as the Related Companies.
Crain’s first named Related as the buyer late Monday afternoon. Related did not immediately comment.
The deal is set to be one of the largest office transactions in a year starved for big-ticket sales. It also closes out an epic chapter in the story of 625 Madison, in which SL Green outmaneuvered investor Ben Ashkenazy for the prize.
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