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SL Green Realty Sells 635-641 Sixth Avenue Office Building In Midtown South For $325M To Spear Street Capital

635-641 Sixth Avenue
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This Office property located in NY was sold for $325,000,000 almost 3 years ago. The brokers of the deal were Darcy Stacom, William (Bill) Shanahan, and Doug Middleton

The office property at 635-641 Sixth Avenue in Midtown South has been sold in a recent transaction. The anchor tenant of the building is Infor, occupying 94% of the office space. The sale was facilitated by brokers Darcy Stacom, William Shanahan, and Doug Middleton from BRE on behalf of the seller, SL Green Realty, and was completed in May 2021.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $325,000,000
  • Square Footage: 267,000
  • Price per Square Foot: $1,217
  • Address: 635-641 Sixth Avenue
  • Market: Midtown South
  • Seller: SL Green Realty
  • Buyer: Spear Street Capital
  • Seller's Representative: Darcy Stacom, William Shanahan, and Doug Middleton from BRE

The transaction involved the sale of the property at 635-641 Sixth Avenue for a price of $325 million. This represents an increase from the previous sale price of $173 million in 2012. The sale is expected to generate approximately $312.5 million in net cash proceeds for SL Green Realty.

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Deals
  • Location
    635-641 6th Avenue, New York, NY, USA635-641 6th Avenue, New York, NY, USA
  • Sale Price
    $325,000,000$325,000,000
    $1,217 PPSF$1,217 PPSF
  • Area
    267,000 SF267,000 SF
  • Asset Type
    OfficeOffice
  • Parties
    3 Brokers, 1 Agency3 Brokers, 1 Agency

Agents

William (Bill) Shanahan

William (Bill) Shanahan

Deals19
Sold$6.3B

Doug Middleton

Doug Middleton

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Sold$4.3B

Darcy Stacom

Darcy Stacom

Deals27
Sold$8.2B

Agency

CBRE

CBRE

Agency
Deals4229
Volume$184.3B

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Deal Summary

SALE IMAGE: Doug Middleton, Andrew Matthias, Darcy Stacom, Marc Holliday & William Shanahan DATE: 05/2021 ADDRESS: 635-641 Sixth Avenue MARKET: Midtown South ASSET TYPE: Office ~ ANCHOR TENANT: Infor (94%) SELLER: @SLGreen_Realty BUYER: Spear Street Capital BROKERS: Darcy Stacom, William Shanahan & Doug Middleton - @CBRE SALE PRICE: $325,000,000 SF: 267,000 ~ PPSF: $1,217 LAST SALE: $173,000,000 (2012) NOTE: The sale of 635-641 Sixth Avenue will generate approx. $312.5M in net cash proceeds to @SLGreen_Realty.

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635-641 Sixth Avenue

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