SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and

shopping center A shopping center (American English) or shopping centre (Commonwealth English), also called a shopping complex, shopping arcade, shopping plaza or galleria, is a group of shops built together, sometimes under one roof. The first known collec ...

s in New York City. As of December 31, 2019, the company owned 43 properties comprising 14,438,964 square feet. Notable properties owned by the company are One Astor Plaza,

One Vanderbilt One Vanderbilt is a 93-story supertall skyscraper at the corner of 42nd Street and Vanderbilt Avenue in the Midtown Manhattan neighborhood of New York City. Designed by Kohn Pedersen Fox, the building was proposed by developer SL Green Realty ...

, 461 Fifth Avenue, 810 Seventh Avenue, 919 Third Avenue, the Pershing Square Building, and Random House Tower.

History

The company's predecessor, S.L. Green Properties, Inc., was formed in 1980 by

Stephen L. Green Stephen Lawrence Green (born January 28, 1938) is an American real estate developer. He is the founder and former Chairman of SL Green Realty Corp., which claims to be Manhattan’s largest owner of office buildings. He retired in January 2019 an ...

. In 1997, the company was formed as a successor. In 2000, the company sold the Whitehall Building. In 2002, in partnership with SITQ, the company acquired One Astor Plaza for $483.5 million. In 2003, the company acquired 461 Fifth Avenue for $100.3 million. In November 2004, the company sold The Knickerbocker Hotel (Manhattan) for $160 million. In 2005, the company acquired the

Metropolitan Life Insurance Company Tower The Metropolitan Life Insurance Company Tower (colloquially known as the Met Life Tower and also as the South Building) is a skyscraper occupying a full block in the Flatiron District of Manhattan in New York City. The building is composed of ...

for $916 million and converted the building into condominiums. In 2006, the company acquired Reckson Associates in a $4 billion transaction. In December 2007, the company acquired

388 Greenwich Street 388 Greenwich Street, originally called the Shearson Lehman Plaza and more recently the Travelers Building, is a skyscraper at 388 Greenwich Street, with frontages on North Moore and West Streets, in the TriBeCa neighborhood of Lower Manhattan ...

from

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking ...

in a leaseback transaction. Citigroup reacquired the building in 2016. In 2010, the company acquired the Pershing Square Building from Shorenstein Properties for $330 million. In 2011, the company sold One Court Square in

Long Island City Long Island City (LIC) is a residential and commercial neighborhood on the extreme western tip of Queens, a borough in New York City. It is bordered by Astoria to the north; the East River to the west; New Calvary Cemetery in Sunnyside to the ...

, Queens to David Werner and Joel Schreiber for $481 million In August 2017, the company sold the Montague-Court Building for $171.0 million. The company had bought the property for $107.5 million in 2007 and made significant upgrades. In November 2018, the company purchased a $148 million stake in

245 Park Avenue 245 Park Avenue is a 648-ft (198 m) skyscraper in New York City, New York. It was completed in 1967, and contains on 48 floors. Shreve, Lamb and Harmon designed the structure, which is the 94th- tallest building in New York. The Building Owne ...

from Chinese conglomerate

HNA Group HNA Group Co., Ltd., is a Chinese conglomerate headquartered in Haikou, Hainan, China. Founded in 2000, it was involved in numerous industries including aviation, real estate, financial services, tourism, logistics, and more. It is a part owner ...

. The company was also appointed as property manager and leasing manager.

Buildings

Buildings under management of SL Green Realty: *

* One Astor Plaza *

100 Park Avenue 1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1 ...

110 East 42nd Street 110 East 42nd Street, also known as the Bowery Savings Bank Building, is an 18-story office building in Midtown Manhattan, New York City. The structure was designed in the Italian Romanesque Revival style by York and Sawyer, with William Lou ...

* 461 Fifth Avenue * 810 Seventh Avenue * 919 Third Avenue * Graybar Building * The News Building * Pershing Square Building * Random House Tower * Worldwide Plaza

References

External links

Official WebsiteProperty Management
* {{Authority control 1997 initial public offerings Publicly traded companies based in New York City Companies listed on the New York Stock Exchange Property management companies Real estate companies established in 1980 Real estate investment trusts of the United States