SL Green Realty Corp. is a

real estate investment trust A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping cente ...

that primarily invests in

office building An office is a space where an organization's employees perform administrative work in order to support and realize objects and goals of the organization. The word "office" may also denote a position within an organization with specific dut ...

s and shopping centers in

New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...

. As of December 31, 2019, the company owned 43 properties comprising 14,438,964 square feet. Notable properties owned by the company are

One Astor Plaza One Astor Plaza, also known as 1515 Broadway and formerly the W. T. Grant Building, is a 54-story office building on Times Square in the Theater District of Midtown Manhattan in New York City. Designed by Der Scutt of Ely J. Kahn & Jacobs, the ...

, One Vanderbilt,

461 Fifth Avenue 461 Fifth Avenue is a 28-story skyscraper in Midtown Manhattan, New York City, at the northeast corner of Fifth Avenue and 40th Street. The building was constructed in 1988 by the Mitsui Fudosan development group and designed by Skidmore, Owi ...

810 Seventh Avenue 810 Seventh Avenue is a Class-A office skyscraper located a few blocks north of Times Square on Seventh Avenue between 52nd and 53rd streets within Midtown Manhattan in New York City, United States. It is owned by SL Green Realty Corp. after ...

, 919 Third Avenue, the

Pershing Square Building The Pershing Square Building, also known as 125 Park Avenue or 100 East 42nd Street, is a 25-story office building in Midtown Manhattan in New York City. It is located on the eastern side of Park Avenue between 41st and 42nd streets, across fro ...

, and

Random House Tower The Random House Tower, also known as the Park Imperial Apartments, is a 52-story mixed-use tower in Manhattan, New York City. It is owned by real estate companies SL Green Realty and Ivanhoé Cambridge, with the office portion leased as the hea ...

History

The company's predecessor, S.L. Green Properties, Inc., was formed in 1980 by Stephen L. Green. In 1997, the company was formed as a successor. In 2000, the company sold the

Whitehall Building The Whitehall Building is a three-section residential and office building near the southern tip of Manhattan Island in New York City, adjacent to Battery Park in lower Manhattan. The original 20-story structure on Battery Place, between West St ...

. In 2002, in partnership with SITQ, the company acquired

for $483.5 million. In 2003, the company acquired

for $100.3 million. In November 2004, the company sold

The Knickerbocker Hotel (Manhattan) The Knickerbocker Hotel is a hotel at Times Square, on the southeastern corner of Broadway and 42nd Street, in the Midtown Manhattan neighborhood of New York City. Built by John Jacob Astor IV, the hostelry was designed in 1901 and opened in 1 ...

for $160 million. In 2005, the company acquired the Metropolitan Life Insurance Company Tower for $916 million and converted the building into condominiums. In 2006, the company acquired Reckson Associates in a $4 billion transaction. In December 2007, the company acquired

388 Greenwich Street 388 Greenwich Street, originally called the Shearson Lehman Plaza and more recently the Travelers Building, is a skyscraper at 388 Greenwich Street, with frontages on North Moore and West Streets, in the TriBeCa neighborhood of Lower Manhat ...

from Citigroup in a

leaseback Leaseback, short for "sale-and-leaseback", is a financial transaction in which one sells an asset and leases it back for the long term; therefore, one continues to be able to use the asset but no longer owns it. The transaction is generally done ...

transaction. Citigroup reacquired the building in 2016. In 2010, the company acquired the

from

Shorenstein Properties Shorenstein is a real estate investment company based in San Francisco that owns interests in of office space throughout the United States. The company has sponsored twelve closed-end real estate funds, with total equity commitments of $8.8 bill ...

for $330 million. In 2011, the company sold

One Court Square One Court Square, also known as the Citigroup Building, is a 50-story office tower in Long Island City, Queens across the East River from Manhattan in New York City. It was completed in 1989 by Skidmore, Owings & Merrill LLP for Citigroup. T ...

in Long Island City,

Queens Queens is a borough of New York City, coextensive with Queens County, in the U.S. state of New York. Located on Long Island, it is the largest New York City borough by area. It is bordered by the borough of Brooklyn at the western tip of Long ...

to David Werner and

Joel Schreiber Joel Schreiber is a British-born American real estate developer, investor, and founder of Waterbridge Capital. Biography Schreiber was born to a Hasidic Jewish family in London. He moved to New York City and in 2000 - with the help of his famil ...

for $481 million In August 2017, the company sold the Montague-Court Building for $171.0 million. The company had bought the property for $107.5 million in 2007 and made significant upgrades. In November 2018, the company purchased a $148 million stake in

245 Park Avenue 245 Park Avenue is a 648-ft (198 m) skyscraper in New York City, New York. It was completed in 1967, and contains on 48 floors. Shreve, Lamb and Harmon designed the structure, which is the 94th- tallest building in New York. The Building Own ...

from Chinese conglomerate HNA Group. The company was also appointed as property manager and leasing manager.

Buildings

Buildings under management of SL Green Realty: * One Vanderbilt *

* 100 Park Avenue * 110 East 42nd Street *

* 919 Third Avenue *

Graybar Building Graybar is an American employee-owned corporation, based in Clayton, Missouri. It conducts a wholesale distribution business for electrical, communications and data networking products, and is a provider of related supply-chain management and l ...

* The News Building *

* Worldwide Plaza

References

External links

Official WebsiteProperty Management
* {{Authority control 1997 initial public offerings Publicly traded companies based in New York City Companies listed on the New York Stock Exchange Property management companies Real estate companies established in 1980 Real estate investment trusts of the United States