SL Green's Park Ave tower stake drew interest from several investors - source
28/06/2023 21:33
June 28 (Reuters) - SL Green Realty Corp SLG.N drew
interest from several investors, including from the Middle East
and Asia, for its 245 Park Ave office tower in Manhattan before
striking a deal with Japanese real estate developer Mori Trust,
a source familiar with the matter said.
As part of the deal, which gives the property a gross value
of $2 billion, SL Green is selling Mori $500 million in
mezzanine debt, the source said. Mori paid cash for its nearly
50% stake, the source said.
(Reporting by Matt Tracy; editing by Megan Davies)
((Matt.Tracy@thomsonreuters.com;))