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SLGBullishCorporate Developmentsnews

High materiality9/10

SLG Sells SoHo Asset for $226M; $216M Net Proceeds to Deleverage

Sep 9, 2026, 7:42 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Direct deleveraging via $216M net cash improves balance sheet metrics; may support multiple expansion if debt capacity or covenants relieve; positive cash-flow implications in the near term.

AI summary

What happened, with direct paths to the underlying reporting

SL Green Realty announced the sale of 110 Greene Street in SoHo for $226 million, with about $216 million in net cash proceeds to be used to repay unsecured debt. The 13-story, 223,000 SF Class A building is fully leased and houses Balenciaga’s New York flagship, underscoring demand for prime NYC assets. Proceeds bolster liquidity and reduce leverage as SLG refines its 54-building portfolio.

SL Green to sell 110 Greene Street SoHo for $226M; close expected in Q4.
Net cash proceeds ~ $216M to repay unsecured corporate debt, aiding deleveraging.
110 Greene Street: 13-story, 223k SF Class A; full occupancy; Balenciaga flagship.
Deal signals strong NYC asset demand and supports SLG's ongoing portfolio optimization.

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