SL Green to Sell 315 West 33rd Street to Brookfield Asset Management
February 18 2020 - 8:15AM
Dow Jones News
By Colin Kellaher
SL Green Realty Corp. on Tuesday said it agreed to sell a
36-story mixed-use Manhattan highrise, along with an adjacent
undeveloped parcel of land, to an affiliate of Brookfield Asset
Management Inc. for a gross valuation of $446.5 million.
SL Green said the 492,987-square-foot building at 315 West 33rd
St., which is also known as the "Olivia," includes 333 residential
units and 270,132 square feet of commercial space.
The New York real-estate investment trust said it expects to
complete the transaction, valued at about $906 per square foot, in
the second quarter.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 18, 2020 08:00 ET (13:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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