SL Green Realty Corp. has entered into an agreement to sell 110 Greene St. in SoHo to Natora Group for $226.0 million. Gary Phillips, Will Silverman and Carly Shoulberg of Eastdil Secured advised SL Green on the sale of the mixed-use property.
“Our team executed a successful leasing strategy at 110 Greene, bringing the building to full occupancy at market-leading rents,” said Harrison Sitomer, president and CIO of SL Green. “This transaction further signifies the depth of domestic and international buyers in the market across varying property types.”
Located between Prince and Spring streets, 110 Greene St. is a 13-story, 223,000-square-foot Class A office building with four exposures and frontages on both Greene and Mercer streets. The property is also home to Balenciaga’s New York flagship store.
The sale is expected to close in the fourth quarter, generating approximately $216.0 million of net cash proceeds that will be used to repay unsecured corporate debt.
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