SL Green Sells 470 Park Avenue South for $157 M.

Tom Acitelli — Tue, 23 Oct 2007 12:19:37 -0400

SL Green announced this morning that it has entered into an agreement to sell 470 Park Avenue South for $157 million, or about $604 per square foot. The firm did not name the buyer, calling it in a release “an undisclosed institutional owner of real estate.”

SL Green, the city’s largest office landlord, acquired the 260,000-square-foot office building at 31^st Street in 1997. It’s 96 percent leased.

CB Richard Ellis represented SL Green on the deal.

The Observer’s John Koblin will have more on SL Green’s third-quarter maneuverings and earnings in Wednesday’s print edition.

Observer » SL Green Sells 470 Park Avenue South for $157 M.

SL Green Sells 470 Park Avenue South for $157 M.