SL Green to sell 1370 Broadway.SL Green Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Corp. has announced that it has entered into an agreement to sell 1370 Broadway for an aggregate price of $58.5 million, or $234 per SF, to the SittSutton Group. This sale will result in a gain of approximately $3.9 million. The transaction is expected to close by the end of the third quarter. As part of the transaction, SL Green has agreed to make available a preferred equity investment of up to $4 million. SL Green also announced that it has closed on the sale of 875 Bridgeport Avenue in Shelton, Conn. for $16.2 million, or $252 per square foot, to J.F.K. Acquisition Group, a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of limited partnership. As part of the sale, the existing $14.8 million mortgage was assumed by the purchaser. 1370 Broadway is a 16-story, approximately 250,000SF office building located on the southeast corner of 37th Street in the Penn Station submarket sub·mar·ket n. A geographic, economic, or specialized subdivision of a market. adj. Being below what is usual in a particular market: submarket wages; submarket interest rates. 875 Bridgeport Avenue is a 64,195-SF building net leased to Shaws Supermarket in Shelton, Conn. Eastdil Realty Company, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control acted as the sole financial advisor for the sale of 1370 Broadway. Net Lease Capital Advisors, Inc. acted as the sole financial advisor for the sale of 875 Bridgeport Ave AVE Avenue AVE Average AVE Alta Velocidad Espanola (train between Madrid and Seville) AVE Alta Velocidad Española (Spanish: High Speed Train) AVE Audio Video Entertainment AVE Advertising Value Equivalent . |
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