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SL Green Sells 600 Lexington Ave. for $305 Million

A US-based insurance company is purchasing the Midtown office tower.

By Betsy Kim | Updated on November 17, 2017

SL Green sells 600 Lexington Ave.

NEW YORK CITY—SL Green Realty Corp., New York City’s largest commercial property owner, has agreed to sell 600 Lexington Ave. for $305 million or $1,005 per square foot. The 36-story, 303,515 square-foot Midtown office building was built in 1985. The transaction is expected to close by the first quarter of 2018. The sale is expected to generate net cash proceeds of approximately $292 million.

SL Green has declined to specify the buyer except to note that it is a US-based insurance company.

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