Citigroup Global Markets Inc. has sold 333 W. 34th St. for $183million, or about $530 per sf, to SL Green. The firm walks awaywith a fully occupied, 10-story, 345,400-sf office building in therecently rezoned Hudson Yards area. The building, which iscompletely occupied by Citigroup till 2009, also has 125 feet ofretail frontage on 34th Street.

"333 West 34th St. is a unique opportunity to acquire aninstitutional quality property with an above standardinfrastructure," says president and CIO Andrew Mathias. "WhenCitigroup vacates the property in 2009, we will bring to market alarge block of space to capture Midtown Manhattan's rising rents.We have had great success in attracting large users at our GrandCentral Square and 625 Madison Ave. redevelopment projects."

SL Green also acquired a 32.3% share of 1745 Broadway for $65million from SITQ, a subsidiary of Caisse de depot et placement duQuebec, and the Witkoff Group. The 673,722-sf class A officebuilding is estimated to be worth $520 million, or $772 per sf. SLGreen and the Witkoff Group will jointly manage and lease the fullyoccupied Midtown property. The JV agreement also gives SL Green thechance to purchase an additional 17% of the property.