SL Green Realty Corp. and Rockpoint have formed a joint venture for the ownership of 100 Park Ave. in Manhattan through SL Green’s sale of a 49 percent interest to Rockpoint at a gross asset valuation of $425 million.
“As our first significant post-COVID office investment, 100 Park represents the kind of highly targeted opportunity that we find attractive today given the vibrancy of New York and the favorable supply/demand dynamics for high-quality and extremely well-located properties like this one,” says Dan Domb, a managing member and CIO at Rockpoint.
Located steps away from Grand Central Terminal, 100 Park Ave. is a 36-story, 905,000-square-foot office tower in Midtown Manhattan. The building boasts a recently renovated amenity center on the second floor, offering a state-of-the-art lounge, golf simulator, game room, personal training studio, and conference rooms. Major tenants include Alphasights, which signed a 10-year lease for 192,630 square feet in Marc
