SL GREEN AGREES TO ACQUIRE 304 PARK AVE. SOUTH FOR $135M

NEW YORK CITY — SL Green Corp. has agreed to acquire 304 Park Ave. South, a 215,000-square-foot, mixed-use building in New York City, for $135 million, or $628 per square foot. A partnership headed by David Berley, chairman of Walter & Samuels Inc., was the seller. The office and retail building is located on the southwest corner of Park Avenue South and 23rd Street, directly across the street from SL Green's One Madison Avenue. The property is 95 percent leased and the lead tenant is IMG Models. Retail tenants include H&R Block, Bath & Body Works and Time Warner Entertainment. Walter & Samuels represented the seller.