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SL Green Markets Office, Retail Properties in SoHo, Lenox Hill
SL Green Realty Corp. has hired Eastdil Secured to market Manhattan properties, one in SoHo and one in Lenox Hill on the Upper East Side, Bloomberg News reported. Up for sale are 110 Greene St., a SoHo office building with a Balenciaga store, and 690 Madison Ave., a five-story retail building that houses jeweler Van Cleef & Arpels.
The portfolio is expected to fetch roughly $300 million, Bloomberg reported, citing a source familiar with the offering. “These are two of the most coveted and impenetrable markets in global real estate and there’s never been a transaction that offers access to both at once,” said Will Silverman, managing director at Eastdil.
The 13-story property at 110 Greene St. sits between Prince and Spring streets. Tenants at the 295,000-square-foot building include Avoro Capital. SL Green took control of 690 Madison through foreclosure in 2021 and sold a stake to Jeff Sutton last year.
- ◦Sale/Acquisition
