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SL Green named asset manager.

S.L. Green Real Estate Inc. has been tapped to serve as asset manager for the 16-story Beaux Arts office building located at 432 Park Avenue South, between 29th and 30th Streets, in Manhattan.

According to Stephen L. Green, chairman of the real estate development and management company, the building is currently 85 percent occupied. Under the direction of S L Green's Asset Management Division, improvement of the building's tenant-related services will begin immediately.

Green personally overseas the activities of his company's growing Asset Management Division. "It is our goal to maintain the integrity of properties under management, thereby sustaining and enhancing a building's bottom-line profitability," he said. "Our fully operational in-house legal, accounting, leasing and construction capabilities allow us to manage and improve every aspect of a property and carefully monitor profitability. We plan to reposition 432 Park Avenue South within the market-place and will work to regain the brokerage community's confidence in the viability of this property."

Located on the ground floor of the 135,000-square-foot building is a Chemical Bank branch, while office tenants on the upper floors include the Juvenile Diabetes Foundation International, the New York Lung Association and the Joint Council for Economic Education. Office units ranging in size from 1,000 to 6,300 square feet are available for lease.
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Title Annotation:S.L. Green Real Estate Inc.
Publication:Real Estate Weekly
Date:Aug 7, 1991
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