Posted Dec 15, 2019, 2:15 AM
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Join Date: Jul 2001
Posts: 57,285
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A little on 245
https://slgreen.com/news/428
Quote:
SL Green Finalizes Preferred Equity Investment at 245 Park
November 30th, 2018
SL Green Realty Corp., New York City’s largest office landlord, today announced that it has completed the second phase of its preferred equity investment in 245 Park Avenue. SL Green made its initial investment in 245 Park Avenue during the second quarter of 2018, and as part of the recent closing, the investment now totals $148.2 million. In connection with this modification, SL Green will serve as the building’s property manager, overseeing all leasing and operations.
The 1,780,000 square foot, 44-story tower, built in 1967 and designed by Shreve, Lamb & Harmon Associates, is one of the modern corporate headquarters that transformed Park Avenue into one of the most distinguished corporate corridors in the world. Occupying the entire block between 46th and 47th Streets, 245 Park Avenue is among the largest buildings on Park Avenue and has direct access to Grand Central Terminal. The building is currently 91% leased and is home to firms such as Société Générale S.A., Angelo Gordon, Rabobank and Ares Capital.
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