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SL Green Agrees To Buy Midtown Manhattan Tower for $445 Million

Deal Is Landlord’s First Office Purchase Since 2018

SL Green Realty agreed to buy 450 Park Ave. in New York for $445 million in its first office acquisition since 2018. (Anna Morgowicz/CoStar)
SL Green Realty agreed to buy 450 Park Ave. in New York for $445 million in its first office acquisition since 2018. (Anna Morgowicz/CoStar)

SL Green, Manhattan’s largest office landlord, agreed to buy a midtown Manhattan tower on New York’s corporate headquarters-heavy Park Avenue for $445 million as businesses seek top-quality space to lure and keep talent even as the market struggles from remote working.

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