SL GREEN SELLS CLASS A OFFICE TOWER FOR $310 MILLION

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NEW YORK CITY — SL Green has sold 1250 Broadway in Manhattan, New York City, for $310 million to Murray Hill Properties. The Class A office tower features 670,000 square feet of space spanning 39 stories. Strategically located near Penn Station on Broadway at 31st Street, the property is 99 percent occupied. Cushman & Wakefield represented the seller in the transaction. The sale is slated to close second quarter 2008.

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