SL Green JV to sell Manhattan office
SL Green Realty Corp. and joint venture partner The Moinian Group have plans to sell 180 Maiden Lane, 1.1 million-square-foot office property in Manhattan. The sales price is estimated to be $470 million. The new owner is a venture led by Murray Hill Properties and Clarion Partners. The transaction is expected to close during the fourth quarter.
SL Green and Moinian Group formed the joint venture to recapitalize and refinance 180 Maiden Lane in November 2011. Holding a 49.9 percent owner