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New York & Tri-State  + Midtown New York  + Office  |  June 1, 2026
Paul Bubny
By: Paul Bubny

SL Green Selling Midtown Offices to Meadow Partners

SL Green Realty Corp. said Monday it sold 10 E. 53rd St. in Midtown Manhattan for total consideration of $312.2 million to Meadow Partners, a vertically integrated real estate investment manager specializing in global middle-market transactions. The sale is expected to close in the third quarter of 2026.

“This transaction is a meaningful step forward in the execution of our $2.5-billion 2026 strategic disposition plan and further validates the value creation achieved through our redevelopment and asset management initiatives,” said Harrison Sitomer, president and CIO of SL Green.

The 37-story, 390,000-square-foot office property is currently 92% leased. SL Green acquired the property in 2012 with an institutional partner for $252.5 million and subsequently completed a comprehensive redevelopment and repositioning. In December 2024, SL Green acquired its partner’s 45.0% interest in the property at a gross valuation of $236.0 million.

Newmark’s Adam Spies, Adam Doneger and Avery Silverstein advised on the sale.

Read More News Stories About: SL Green Realty Corp
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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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