SL Green Announces Acquisition of 346 Madison Avenue
1. SL Green entered a contract to acquire 346 Madison Ave for $160 million. 2. The purchase supports SLG’s strategy in Manhattan’s strongest office market. 3. The site can accommodate approximately 800,000 rentable square feet. 4. Demand for new office construction with modern amenities remains robust. 5. Strategic acquisition aims to unlock long-term value for SLG.