NEW YORK CITY—SL Green Realty Corp. has completed the sale of Tower 45, a Midtown office building located at 120 W. 45th St., for $365 million or approximately $830 per square foot. Richard Baxter of JLL and Darcy Stacom of CBRE represented SL Green on this transaction.

The city's largest office landlord had announced plans to make the sale—for the price at which the transaction ultimately closed—earlier this summer. At that time, an SL Green spokesman declined to name the buyer and he declined GlobeSt.com's request for further comment on the sale's closing at press time. However, industry data sources report that the buyer was Kamber Management Co.

The 440,000-square-foot Tower 45 was acquired by SL Green in 2007 as part of the merger with Reckson Associates. Subsequently, the company executed a significant capital improvement program that successfully repositioned the property. Tower 45 is currently over 96% leased. Tenants include D. E. Shaw & Co., Bobby Van's Steakhouse, Hillary Clinton's presidential campaign office, Keller Graduate School.