Adjoining 635-641 Sixth Avenue Trades for $325M

SL Green Realty is expected to close before the end of the second quarter on the $325 million sale of the two adjoining 8-story buildings at 635-641 Sixth Avenue totaling 267,000 square feet. Net cash proceeds to SL Green generated by the transaction is approximately $312.5 million. Currently 94 percent leased, multi-national enterprise software company, Infor, anchors the property under a lease that extends through 2030 following a recently executed renewal and extension.

Source:    https://slgreen.gcs-web.com/news-releases/news-release-details/sl-green-announces-sale-635-641-sixth-avenue

Source:    https://commercialobserver.com/2021/05/spear-street-capital-buying-sl-greens-635-641-sixth-avenue-for-325m-sources/