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SL Green Does $386M MXD Buy

NEW YORK CITY- Betting on a value surge stemming from the area's future growth, the developer picks up a luxury apartment and retail tower on West 33rd street.

By Rayna Katz | Updated on August 14, 2013

NEW YORK CITY-Continuing its move into sectors beyond office, SL Green Realty Corp. Wednesday announced it has reached agreement to buy 315 W. 33^rd St, which is known as the Olivia, for $386 million. The sale of the mixed-use residential and commercial building—which was owned by Stonehenge Properties—included an adjacent lot.

The deal was brokered exclusively by CBRE‘s vice chairmen Darcy Stacom and Bill Shanahan, along with Paul Leibowitz, EVP. In addition, FTI Consulting acted as an advisor to the transaction.

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