The acquisitions bolster SL Green's 3.6-million-sf portfolio inWestchester County and Fairfield County, CT, which it acquired inthe merger with RecksonAssociates Realty Corp. That transaction, valued at $6billion, closed on Thursday, Jan. 25. The sales deal with RPWGroup, closed on Jan. 19, according to those familiar with thedeal.
SL Green Realty acquired 399 Knollwood Rd., a 143,000-sf fullyleased office building on the White Plains/Greenburgh border for$31.6 million. The deal is valued at $216 per sf, slightly belowthe record Westchester sale price of $219 per sf paid by HeritageRealty Services LLC of New York City last year for 3 Gannett Dr. inHarrison.
In addition, SL Green acquired 300 Main St. in Stamford, an85,000-sf office building from RPW Group for $15 million. The classB building is 90% leased. The deal is valued at $176 per sf.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
