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Reuben Bros. acquires retail condominium for $168m
Transactions - MAY 5, 2020

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Reuben Bros. acquires retail condominium for $168m

by Released

SL Green Realty Corp. has entered into a contract to sell its recently repositioned 609 Fifth Ave. retail condominium for $168.0 million to an affiliate of Reuben Bros. The transaction is scheduled to close in second quarter 2020, subject to satisfaction of various closing conditions.

“The sale of the 609 Fifth Ave. retail condominium is indicative of our ability to drive value even during uncertain market conditions. We will continue to look for opportunities that bring value to our shareholders as we strategically transact in the current economic climate,” said Brett Herschenfeld, managing director of SL Green.

Starting in 2018, SL Green undertook an extensive repositioning of the entire building, located at the corner of Fifth Avenue and 49th Street in the heart of Manhattan’s Gold Coast, including vacating the previous tenants in the office condominium portion of the property and relocating the office lobby onto 49th Street, thereby increasing the retail fron

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