Mori Building Co., Ltd. Completes Additional Investment in SL Green's One Vanderbilt Avenue

Core Insights - SL Green Realty Corp. has sold a 5.0% interest in One Vanderbilt Avenue to Mori Building Co., Ltd., following Mori's previous acquisition of an 11.0% interest in the same property, with both transactions valuing the asset at $4.7 billion [1][2] - After the sale, SL Green retains a 55.0% stake in One Vanderbilt Avenue, which is a prominent office tower in Manhattan [1] Company Overview - SL Green Realty Corp. is Manhattan's largest office landlord and operates as a fully integrated real estate investment trust (REIT), focusing on acquiring, managing, and maximizing the value of commercial properties in Manhattan [4] - As of September 30, 2025, SL Green holds interests in 53 buildings totaling 30.7 million square feet, including 27.1 million square feet of Manhattan properties [4] Property Details - One Vanderbilt Avenue stands at 1,401 feet tall and is fully leased, housing leading firms in finance, technology, law, and real estate [3] - The skyscraper features 1.7 million square feet of space, state-of-the-art technology, and a high level of sustainability, along with direct access to Grand Central Terminal [3]