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Moinian Closes on Deal to Reclaim 3 Columbus Ownership
The Moinian Group has closed on its deal with SL Green to take full ownership of 3 Columbus Circle, the repositioned office building that also houses Moinian’s headquarters. SL Green announced in late August that it would sell back its stake in the property for net proceeds of more than $200 million.
“When The Moinian Group purchased 3 Columbus Circle nearly 20 years ago, it was a milestone achievement for our firm and it has always held a special place in our portfolio,” said Moinian Group founder and CEO Joseph Moinian.
SL Green entered the ownership picture at 3 Columbus Circle in 2011. The following year, the partnership completed a thorough modernization program on the property.
Subsequently, Young & Rubicam paid $143.6 million for a 214,000-square-foot office condominium at the 26-story property, which today is 100% occupied by office and retail tenants.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

