SL GREEN BUYS LOAN SECURED BY PARK AVENUE SOUTH PROPERTY

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NEW YORK CITY — SL Green has acquired the non-performing mortgage on 315 Park Avenue South in Manhattan, a 20-story office tower primarily leased to Credit Suisse Group. The 320,000-square-foot property is located on the northwest corner of Park Avenue South and 24th Street. According to media reports, a $219 million mortgage matured on the property in June and the owner was unable to refinance.

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