SL Green seeks buyer for 19 West 44th Street

SL Green Realty has put 19 West 44th Street on the market, hoping to get at least $110 million for
the property, sources told Crain’s. The real estate investment trust
recently tapped CB Richard Ellis to sell the 93-year-old, 18-story
office building between Fifth and Sixth avenues. Sources say the move
is part of a strategy for SL Green to raise more cash to expand the company’s existing 23-million-square-foot
Manhattan portfolio. SL Green hopes to fetch about $372 a square foot
for 19 West 44th Street. By comparison, it paid $636 a square foot for 600
Lexington Avenue
and $507 a square foot for 125 Park Avenue,
two buildings it purchased this year. [Crain’s]