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Mori Trust Co., Ltd Acquires 49.9% Stake In 245 Park Avenue From SL Green Realty Corp. For $2B

Property Image
SOLD
$2,000,000,000

New York

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Office
Sold 06/26/2023
the dealdetailscomps
Property Image
SOLD

Mori Trust Co., Ltd Acquires 49.9% Stake In 245 Park Avenue From SL Green Realty Corp. For $2B

245 Park Ave, New York, Ny 10029, Usa

See Similar Deals
Office
Sold 06/26/2023
the dealdetailscomps

Summary

NEW YORK
Asset Type:Office
Transaction Type:Sale

SL Green Realty Corp., New York City's largest office landlord, has sold a 49.9% stake in 245 Park Avenue to Mori Trust Co., Ltd for a valuation of $2.0 billion. The property is an office asset located at 245 Park Avenue in New York City. This transaction marks an important investment for Mori Trust Co., Ltd, a Tokyo-based development and investment company.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $2,000,000,000
  • Buyer: Affiliate of Mori Trust Co., Ltd
  • Seller: SL Green Realty Corp
  • Market: New York City

Mori Trust Co., Ltd, represented by their affiliate, acted as the buyer in this deal. On the other hand, SL Green Realty Corp served as the seller. This sale is a significant move for both parties involved, as it represents a substantial investment in the New York City office market.

Players

SL Green
SL Green
SELLER

Details

SOLD
IMAGE: Marc Holliday DATE: 06/26/2023 ADDRESS: 245 Park Avenue MARKET: New York City ASSET TYPE: Office BUYER: Affiliate of Mori Trust Co., Ltd SELLER: SL Green Realty Corp VALUATION: $2,000,000,000 NOTE: SL Green Realty Corp., New York City's largest office landlord, has sold a 49.9% stake in 245 Park Avenue to Mori Trust Co., Ltd., a Tokyo-based development and investment company, for a valuation of $2.0 billion.

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