SL Green Realty Will Buy The Olivia for $386M

SL Green Realty Corp.

today announced it has reached agreement to acquire The Olivia, a mixed-use residential and commercial building, situated at the gateway to Manhattan's far west side. The $386 million acquisition also includes an adjacent lot. The 36-story, 492,987-square-foot building, which was completed in 2012, is located at 315 West 33^rd Street between 8^th and 9^th Avenues and includes 333 luxury rental apartments. The commercial space, which is 100 percent leased at below-market rental rates, consists of 270,000 square feet primarily situated along 34^th Street, and includes a 14-screen movie theater, five ground-level retail stores, two office suites and a 250-space parking garage.