Marc Holliday Of SL Green Acquires Office Asset From Claudio Del Vecchio For $160M In Midtown East

The property asset involved in this transaction is an office building located at 346 Madison Avenue in Midtown East. The transaction, currently under contract, has a price of $160,000,000. The building spans 800,000 square feet, with a price per square foot of $200.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $160,000,000
• Address: 346 Madison Avenue
• Market: Midtown East
• Buyer: Marc Holliday - SL Green
• Seller: Claudio Del Vecchio
• Broker: JLL
• Square Footage: 800,000
• Price per Square Foot: $200

Marc Holliday, as the CEO of SL Green Realty Corp., is spearheading the acquisition of the former Brooks Brothers flagship location. This acquisition marks their first major construction initiative since the expansion of One Madison Avenue in 2023, with plans to redevelop the site into a significant office tower.