SL Green Announces Sale of 110 Greene Street for $226 Million
SL Green plans to use roughly $216 million of net cash from the 110 Greene Street sale to reduce unsecured corporate debt.
Rhea-AI Summary
SL Green (SLG) agreed to sell its 110 Greene Street office property in SoHo to Natora Group for $226 million, with closing expected in the fourth quarter subject to customary conditions.
The sale is expected to generate approximately $216 million of net cash proceeds, which will be used to repay unsecured corporate debt. 110 Greene Street is a 13-story, 223,000-square-foot Class A office building that is fully leased at what the company describes as market-leading rents.
Positive
- Sale of 110 Greene Street for $226 million expected in Q4
- Transaction projected to generate $216 million in net cash proceeds
- Proceeds earmarked for repayment of unsecured corporate debt
Negative
- None.
Key Figures
- Sale price
- $226.0 million
- Agreement to sell 110 Greene Street
- Net cash proceeds
- $216.0 million
- Expected proceeds designated to repay unsecured corporate debt
- Expected closing
- Fourth quarter
- Subject to customary closing conditions
- Property size
- 223,000 square feet
- 110 Greene Street Class A office building
Historical Context
-
Completed $312.2 million sale of 10 East 53rd Street, disclosed 92% leased
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
reit financial
unsecured corporate debt financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, Sept. 09, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, today announced that it has entered into an agreement to sell 110 Greene Street in SoHo to Natora Group for
“Our team executed a successful leasing strategy at 110 Greene, bringing the building to full occupancy at market-leading rents,” said Harrison Sitomer, President and Chief Investment Officer of SL Green. “This transaction further signifies the depth of domestic and international buyers in the market across varying property types.”
Located in the heart of SoHo between Prince and Spring Streets, 110 Greene Street is a 13-story, 223,000-square-foot Class A office building with four exposures and frontages on both Greene and Mercer Streets. The property offers tenants convenient access to SoHo’s shopping, restaurants and nightlife, as well as 11 subway lines, and is home to Balenciaga’s New York flagship store.
Gary Phillips, Will Silverman and Carly Shoulberg of Eastdil Secured advised SL Green on the transaction.
About SL Green Realty Corp.
SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of June 30, 2026, SL Green held interests in 54 buildings totaling 30.6 million square feet, which included ownership interests in 29.2 million square feet and 1.4 million square feet securing debt and preferred equity investments, excluding fund investments, and managed 4 buildings totaling 0.9 million square feet owned by third parties.
Forward Looking Statement
This press release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbor provisions thereof. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including such matters as future capital expenditures, dividends and acquisitions (including the amount and nature thereof), development trends of the real estate industry and the New York metropolitan area markets, occupancy, business strategies, expansion and growth of our operations and other similar matters, are forward-looking statements. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate. Forward-looking statements are not guarantees of future performance and actual results or developments may differ materially, and we caution you not to place undue reliance on such statements. Forward-looking statements are generally identifiable by the use of the words “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “project,” “continue,” or the negative of these words, or other similar words or terms.
Forward-looking statements contained in this press release are subject to a number of risks and uncertainties, many of which are beyond our control, that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by forward-looking statements made by us. Factors and risks to our business that could cause actual results to differ from those contained in the forward-looking statements include risks and uncertainties described in our filings with the Securities and Exchange Commission. Except to the extent required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of future events, new information or otherwise.
PRESS CONTACT
slgreen@berlinrosen.com
SLG-A&D
