SL Green Closes $730 Million Acquisition of Park Avenue Tower

Reuters01-15

SL Green Realty Corporation has completed the acquisition of Park Avenue Tower, a 36-story, 621,824 square foot Class A office building at 65 East 55th Street, for $730 million. The purchase was financed with a new five-year, $480 million fixed-rate mortgage at an effective rate of 5.25%. Recent upgrades to the building include a renovated plaza, lobby, and high-end office suites.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SL Green Realty Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9626042) on January 15, 2026, and is solely responsible for the information contained therein.

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