SL Green Realty Corp. has struck a deal to expand its New York City portfolio with a $130 million mixed-use acquisition.

Manhattan's biggest landlord is adding 500 Park Avenue, a Class A asset — taking up 201,000 square feet of retail and luxury office space. Originally, the property was built in 1960 to serve as Pepsi-Cola's headquarters. Now the site hosts tenants including The Georgetown Company, Friedland Properties, Vera Wang, and FRATO.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Office
Retail
National
New York