SL Green Realty Corp. and Rockpoint have formed a joint venture for the ownership of 100 Park Avenue through SL Green’s sale of a 49 percent interest to Rockpoint at a gross asset valuation of $425 million.
“We’re excited to begin our partnership with Rockpoint at 100 Park Avenue in a transaction that underscores the strength of high-quality office assets in premier locations in an improving Manhattan office market,” said Harrison Sitomer, CIO at SL Green.
Dan Domb, a managing member and CIO at Rockpoint, said, “We have known the SL Green team for a long time and look forward to partnering to maintain and enhance 100 Park’s positioning as a highly desirable midtown office destination. Office has been a significant focus for Rockpoint throughout our 31-year history, we know the asset class extremely well and have always been disciplined about investing. As our first significant post-COVID office investment, 100 Park represents the kind of highly targeted opp
