RTTNews | May 18, 2021 08:24AM EDT

08:24 Tuesday, May 18, 2021 (RTTNews.com) - SL Green Realty Corp. (SLG) Tuesday announced the sale of 635-641 Sixth Avenue for $325.0 million. The deal will generate net cash proceeds of approximately $312.5 million to SL Green.

The transaction is expected to close in the second quarter of 2021.

The property is comprised of two adjoined buildings totaling 8 stories and 267,000 square feet, occupying the full western block-front on Sixth Avenue from 19th Street to 20th Street in Midtown South.

SL Green acquired the Property in 2012 for $173 million and completed its redevelopment in 2015.

Read the original article on RTTNews ( https://www.rttnews.com/3195697/sl-green-realty-announces-sale-of-635-641-sixth-avenue-for-325-mln.aspx)

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