SL Green and Mori Building Co., Ltd. Complete Investment in One Vanderbilt Avenue

Core Insights - SL Green Realty Corp. has sold an 11.0% interest in One Vanderbilt Avenue to Mori Building Co., Ltd. at a gross valuation of $4.7 billion, retaining a 60.0% stake in the property [1][2] Company Overview - SL Green Realty Corp. is Manhattan's largest office landlord and a fully integrated real estate investment trust (REIT) focused on acquiring, managing, and maximizing the value of Manhattan commercial properties. As of September 30, 2024, the company held interests in 55 buildings totaling 31.8 million square feet, including 28.1 million square feet of Manhattan buildings [4] Property Details - One Vanderbilt Avenue is a 1,401-foot tall skyscraper that serves as the headquarters for leading finance, technology, law, and real estate firms. The building spans 1.7 million square feet and is 100% leased, featuring a combination of amenities, innovative office design, state-of-the-art technology, and sustainability [3] Strategic Partnership - The partnership with Mori Building Co., Ltd. is seen as a significant addition to the ownership venture of One Vanderbilt Avenue, enhancing the property's appeal and investment potential [2][5]