SL Green Announces Acquisition of 346 Madison Avenue
1. SL Green is acquiring 346 Madison Ave for $160 million. 2. Development will create 800,000 rentable square feet in Midtown East. 3. Strategic purchase aims to meet robust tenant demand for new construction. 4. Transaction expected to close in Q4 2025, enhancing SLG's market position. 5. SLG is Manhattan's largest office landlord with extensive property holdings.