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SL Green Realty partners with Mori Building to construct a new office tower in NYC.
May 28, 2026
Contract Type
partnership
New YorkReal EstateReal Estate InvestmentProperty ManagementCommercial Real Estate
Description
SL Green Realty has teamed up with Japan's Mori Building to build a new 46-story office tower near Grand Central Terminal. This partnership involves a significant investment where SL Green sold a 49% stake in the project to Mori at a gross valuation of $175 million.
Company Information
Company
SL Green Realty Corp
Location
New York, New York, United States
About
SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of September 30, 2023, SL Green held interests in 59 buildings totaling 32.5 million square feet. This included ownership interests in 28.8 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.
Predictive Intelligence
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