SL Green Realty Corp. SLG and partner Jeff Sutton announced today
that they have formed a venture that has acquired a 49-year leasehold
interest covering the entire retail portion of 650 Fifth Avenue. The
transaction was completed with former US Magistrate Judge Kathleen A.
Roberts, the court-appointed federal monitor and interim trustee of the
landlord, 650 Fifth Avenue Company.
SL Green President, Andrew Mathias, said, “Situated in the heart of
Fifth Avenue's prime retail corridor at 52nd Street, 650 Fifth Avenue is
a perfect fit for our expanding retail investment portfolio in
partnership with Jeff Sutton. Our retail investments have proven to be a
profitable complement to our core office and structured finance
businesses
See full press release
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