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SL Green Announces Series of Transactions at 1552-1560 Broadway
Globenewswireยท 2025-09-22 11:30
Core Insights - SL Green Realty Corp. has completed two significant transactions at 1552-1560 Broadway, enhancing its position in the Times Square area [1][2] - The joint venture acquired debt totaling $219.5 million for $63.0 million, which included $26.4 million in accrued and unpaid interest [2] - A ground lease and sign bracing agreement were finalized at 1560 Broadway, extending through 2074, allowing for long-term value capture [2][3] Company Overview - SL Green Realty Corp. is Manhattan's largest office landlord and operates as a fully integrated real estate investment trust (REIT) [5] - As of June 30, 2025, the company held interests in 53 buildings, totaling 30.7 million square feet, with 27.2 million square feet in Manhattan [5]