NYSE:SLGOffice REITs
Will Bringing Mori Building Into 346 Madison Avenue Reshape SL Green's (SLG) Premium Office Strategy?
SL Green Realty Corp. recently closed the sale of a 49% joint venture interest in its 346 Madison Avenue redevelopment to Japan’s Mori Building Co., while keeping a 51% stake and overseeing both development and leasing of the planned sustainable office tower in East Midtown Manhattan.
This partnership brings together a major Manhattan office landlord and a globally recognized urban developer, potentially enhancing the project’s design quality, leasing appeal, and long-term positioning in the...