NEW YORK CITY-It’s been a busy few weeks for SL Green Realty Corp. The company, along with joint venture partner JP Morgan, has reached an agreement to sell One Court Square, the 1.4-million-square-foot office tower in Long Island City fully leased to Citibank, N.A. And in Lower Manhattan, the company has formed a joint venture with the Moinian Group to recap 180 Maiden Lane—providing SL Green with a 49.9% interest in the 1.1-million-square-foot property.

One Court Square will be bought by a private investor group for roughly $340 per square foot. According to Real Capital Analytics, the group includes Joel Schreiber, the owner of Waterbridge Capital and David Werner. It’s anticipated that the transaction, which includes $315 million of existing debt, will net SL Green $42.8 million.

Further strengthening the company’s coffers is a new $1.5-billon unsecured line of credit that it has closed, refinancing a $1.5-billion credit facility that was due to expire in June 2012. The new line of credit matures in November 2016 and bears interest at 150 basis points over LIBOR. According to James Mead, SL Green’s CFO, it “was strongly oversubscribed by a collection of some of the world’s most liquid and highest quality financial institutions.” Mead went on to say in a prepared statement that the new line of credit would allow SL Green to “now move forward to pursue future growth opportunities with a credit facility that is greatly simplified.”

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