NYSE:SLGOffice REITs
Does SL Green’s Midtown East Acquisition Signal a Strategic Shift for SLG’s Office Portfolio?
SL Green Realty Corp. has entered into a contract to acquire 346 Madison Avenue and 11 East 44th Street for US$160.0 million, with the transaction expected to close in the fourth quarter of 2025, subject to customary closing conditions.
This acquisition opens the possibility for a modern, high-capacity office development in Midtown East, aligning with strong tenant demand for premium workspaces in one of Manhattan's most sought-after locations.
We'll assess how this major Midtown East...