100 Church Street to be auctioned October 15

August 26, 2009 04:33PM

The Sapir Organization’s 100 Church Street, which SL Green Realty took over last week, is slated to be sold at auction Oct. 15. SL Green controls most of the mezzanine debt on the property, sources told Crain’s. SL Green has hired Eastdil Secured to solicit interest from potential auction bidders. But in previous similar cases, such as Fortress Investment Group’s purchase of Sheffield57, the lender has ended up purchasing the property at auction.

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