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News Breaks
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February 1, 2012
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| 08:01 EDT |  | SLG |
| theflyonthewall.com: | SL Green Realty acquires 724 Fifth Avenue | | SL Green Realty announced the closing of the acquisition of 724 Fifth Avenue in a joint venture partnership with Jeff Sutton. SL Green announced in October 2011 an agreement to acquire 724 Fifth Avenue as part of a larger agreement to acquire a portfolio of residential and commercial properties. The purchase price of this 12-story, 65,010 square foot property partially was financed with a 5-year $120M floating rate mortgage which bears interest at 235 basis points over the 30-day LIBOR. :theflyonthewall.com |
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