{"id":1004029435,"date":"2011-05-16T23:12:00","date_gmt":"2011-05-17T07:12:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004029435"},"modified":"2022-12-08T19:23:54","modified_gmt":"2022-12-09T03:23:54","slug":"sl-green-takes-over-205000-sf-n-y-office-condo","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sl-green-takes-over-205000-sf-n-y-office-condo\/","title":{"rendered":"SL Green Takes Over 205,000-SF N.Y. Office Condo"},"content":{"rendered":"<p>May 17, 2011<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004029436\" style=\"width: 210px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/05\/Vincent-Desjardins-three.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004029436\" data-attachment-id=\"1004029436\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sl-green-takes-over-205000-sf-n-y-office-condo\/img_2321b\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/05\/Vincent-Desjardins-three.jpg\" data-orig-size=\"683,1024\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;IMG_2321B&quot;}\" data-image-title=\"IMG_2321B\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user Vincent Desjardins&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/05\/Vincent-Desjardins-three.jpg?w=683\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/05\/Vincent-Desjardins-three.jpg\" alt=\"\" title=\"IMG_2321B\" width=\"200\" height=\"300\" class=\"size-medium wp-image-1004029436\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/05\/Vincent-Desjardins-three.jpg 683w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/05\/Vincent-Desjardins-three.jpg?resize=200,300 200w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><p id=\"caption-attachment-1004029436\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user Vincent Desjardins<\/p><\/div>\n<p>SL Green Realty Corp. has acquired a major ownership in a New York office condominium. The 205,000-square-foot property, which is located at 110 E. 42nd St. near Grand Central Terminal, adjoins 125 Park Ave., another asset recently acquired by the firm.<\/p>\n<p>According to SL Green president Andrew Mathias, the property is located in one of the city\u2019s major commercial locations \u2013 one, Mathias said, that the firm knows well. He expressed confidence in SL Green\u2019s ability to maximize revenue going forward.<\/p>\n<p>The transaction marks a regaining of space that had been sold at the top of the market to Gotham Realty. In 2007, SL Green arranged a senior mezzanine loan as part of the sale of the condominium \u2013 and in the most recent transaction, restructured the in-place mortgage financing, which had previously been in default.<\/p>\n<p>SL Green focuses primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of the end of the first quarter of 2011, the firm owned interests in 43 Manhattan properties totaling more than 29.7 million square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The transaction marks a regaining of space that had been sold at the top of the market to Gotham Realty.<\/p>\n","protected":false},"author":936,"featured_media":1004029436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37774,37775,21742,37776,37777,37778],"tags":[],"class_list":["post-1004029435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-dividend-yield","category-rc-forward-affo-payout-ratios","category-latest","category-rc-premium-discount-to-nav","category-rc-price-ltm-ffo","category-rc-total-return"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SL Green Takes Over 205,000-SF N.Y. 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