SL Green Puts 1M-SF Portfolio on Market

TARRYTOWN, NY-In a move that will mark its exit from the Tarrytown and Valhalla office markets, SL Green Realty Corp. has put a total of eight office buildings here and in Valhalla on the market for sale. SL Green, which is headquartered in New York City, has hired Cushman & Wakefield to market the Westchester County properties. The firm will retain its considerable office property holdings in White Plains, including its flagship property at 360 Hamilton Ave. and in Rye Brook.

The properties to be sold include the Summit Office Park at 100, 200 and 500 Summit Lake Dr. in Valhalla, a complex that totals nearly 710,000 sf of class A office space that was originally built by Valhalla-based Cappelli Enterprises and later acquired by Reckson Associates Realty Corp. The firm is also looking for a buyer for 115 Stevens Ave., which totals 126,000 sf as well as 117 Stevens Ave., which totals 52,000 sf, in Valhalla, which were also built by Cappelli Enterprises. Also on the market for sale are 100, 120 and 520 White Plains Rd. in Tarrytown, which total 365,500 sf.