SL Green Sells Two Assets for $642M, Funds 11 Madison Ave. Purchase
NEW YORK — SL Green Realty Corp. (NYSE: SLG) has divested two New York-based properties for a total of $642.8 million, which will be used to partially fund the pending acquisition of the 11 Madison Ave. office building.The company sold Tower 45, a 440,000-square-foot office building at 120 W. 45th St., for $365 million.SL Green also agreed to sell 80 percent of its ownership interest in a 73,000-square-foot, mixed-use asset located at 131-137 Spring St. in SoHo to Invesco Real Estate. …