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 center A shopping center (American English) or shopping centre (Commonwealth English), also called a shopping complex, shopping arcade, shopping plaza or galleria, is a group of shops built together, sometimes under one roof. The first known collec ...

s in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

. 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, Manhattan, Theater District of Midtown Manhattan in New York City. Designed by Der Scutt o ...

One Vanderbilt One Vanderbilt is a 93-story supertall skyscraper at the corner of 42nd Street and Vanderbilt Avenue in the Midtown Manhattan neighborhood of New York City. Designed by Kohn Pedersen Fox, the building was proposed by developer SL Green Realty ...

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 919 Third Avenue is an office building in New York City, New York, USA, built in 1971, and is located at the intersection of Third Avenue and East 55th Street in Midtown Manhattan. The building is tall with 47 floors, and is tied with four o ...

, 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 (Manhattan), Broadway and 42nd Street (Manhattan), 42nd Street, in the Midtown Manhattan neighborhood of New York City. Built by John Jacob Astor IV, the ...

for $160 million. In 2005, the company acquired the

Metropolitan Life Insurance Company Tower The Metropolitan Life Insurance Company Tower (colloquially known as the Met Life Tower and also as the South Building) is a skyscraper occupying a full block in the Flatiron District of Manhattan in New York City. The building is composed of ...

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 from

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking ...

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 f ...

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. The ...

Long Island City Long Island City (LIC) is a residential and commercial neighborhood on the extreme western tip of Queens, a borough in New York City. It is bordered by Astoria to the north; the East River to the west; New Calvary Cemetery in Sunnyside to the ...

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 Owne ...

from Chinese conglomerate

HNA Group HNA Group Co., Ltd., is a Chinese conglomerate headquartered in Haikou, Hainan, China. Founded in 2000, it was involved in numerous industries including aviation, real estate, financial services, tourism, logistics, and more. It is a part owner ...

. The company was also appointed as property manager and leasing manager.

Buildings

Buildings under management of SL Green Realty: *

100 Park Avenue 1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1 ...

* 110 East 42nd Street *

Graybar Building Graybar is an United States of America, American employee-owned corporation, based in Clayton, Missouri, Clayton, Missouri. It conducts a wholesale distribution business for electrical, communications and data networking products, and is a provi ...

* 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