And the winner is… SL Green! For almost 180 million smackeroos!
SL Green, the city’s largest office landlord, has won the bidding war for Hines’ 600 Lexington Avenue, the glass-clad, 36-story tower between 52nd and 53rd streets, according to Crain’s. Rumblings of the deal were first reported at Observer.com late last week.
According to Crain’s:
At $180 million, the price would be almost nearly $700 a square foot, a very healthy amount amid a recession, sources said.
…Publicly traded SL Green has been on an acquisition spurt recently. Earlier this year, it bought 100 Church St. in a foreclosure auction. It also moved to push 510 Madison Ave. into foreclosure after buying debt on the boutique building; however, a hearing is set for Wednesday to prevent the foreclosure, which is scheduled for next Tuesday.
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