SL Green Acquires Mixed-Use Property On Park Avenue For $445M

SL Green Realty Corp., represented by Harrison Sitomer, has acquired a mixed-use property located at 450 Park Avenue in Midtown for a sale price of $445,000,000. The asset spans across 337,000 square feet with a price per square foot of $1,320. The seller of the property was Oxford Properties and Crown Acquisitions.

Summary of Transation Details:

• Property Type: Mixed-use
• Transaction Amount: $445,000,000
• Address: 450 Park Avenue, Midtown
• Square Footage: 337,000
• Price Per Square Foot: $1,320
• Buyer: SL Green Realty Corp. - Harrison Sitomer
• Seller: Oxford Properties & Crown Acquisitions

The deal was facilitated by CBRE brokers Darcy Stacom, William Shanahan, and Doug Middleton. This purchase marks SL Green's first acquisition of an office property since 2018.