NEW YORK CITY—SL Green Realty Corp. and partner Ivanhoe Cambridge have entered into a contract for their leasehold office condominium at 1745 Broadway for $633 million.
SL Green reports the contract for multiple floors totaling 674,000 square feet at the 930,000-square-foot mixed-use property is with an institutional client of Invesco Real Estate and calculates out to $939-per-square-foot.
In deals separate from Ivanhoe Cambridge, SL Green also reports it has entered into contracts for the sale of two Westchester County office properties—115-117 Stevens Ave. in Valhalla and the Reckson Executive Park in Rye Brook for approximately $67 million. SL Green did not disclose the identity of the prospective buyers of the two suburban office properties. Eastdil Secured represented SL Green in the 1745 Broadway transaction. CBRE represented SL Green in the suburban asset sales deals.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
