Core Insights - SL Green Realty Corp. has successfully sold 690 Madison Avenue for $54.5 million, highlighting the strong demand for prime retail locations in Manhattan [1][2]. 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 December 31, 2025, SL Green owned interests in 56 buildings totaling 31.4 million square feet, including 28.0 million square feet of Manhattan properties and 2.7 million square feet related to debt and preferred equity investments [4]. Transaction Details - The sold property, 690 Madison Avenue, is a five-story commercial building with a total area of 7,850 square feet, fully leased to Richemont's Van Cleef & Arpels, a luxury jewelry brand [2]. - The transaction was advised by Gary Phillips and Will Silverman from Eastdil [3].