SL Green Acquires Interest in 650 Fifth Avenue

SL Green Realty Corp.

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