SLG - Why Real Estate REIT SL Green Realty Shares Are Higher Today | Benzinga
SL Green Realty Corp (NYSE: SLG) shares are trading higher by around 7% after it reported a deal to sell its fee ownership stake in 625 Madison Avenue.
The real estate REIT is divesting its interest for a gross sale price of $632.5 million, or $1,123 per square foot, to a global real estate investor. 625 Madison Avenue, a 17-story, 563,000-square-foot office building with ground-floor retail space, is located between 58th and 59th Street.
In connection with the sale, SL Green ...