Transactions - JULY 24, 2014

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SL Green places one asset on the market and sells another

by Andrea Waitrovich

SL Green Realty Corp. has sold one Manhattan asset and placed another one on the market.

SL Green, with its partner Jeff Sutton, has reached an agreement to sell the venture’s interests, including its fee position and retail condominium unit, in a mixed-use dormitory/retail asset at 180 Broadway for $222.5 million. The transaction is expected to close during the third quarter.

And SL Green will sell the leased fee interest in 2 Herald Square for $365.0 million. The sale of the leased fee interest, which is improved with an existing 11-story 365,000-square-foot commercial office building, is expected to close during fourth quarter 2014.

Recently, SL Green completed its purchase of a 49.4 percent interest in the Citigroup headquarters buildin

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