34th Street office building listed by SL Green could net $225M

TRD New York /
Apr.April 26, 2013 03:30 PM

Commercial landlord SL Green has listed 333 West 34th Street, a fully-leased, 350,000-square-foot office building that sources say could sell for $225 million, according to Crain’s.

A team from Jones Lang LaSalle headed by Richard Baxter and Scott Latham is handling the sale for the landlord. The 10-story building is located between Eighth and Ninth avenues.

Rents at the 10-story property are currently in the $40s per square foot. However, they could rise with the Hudson Yards project upgrading office space nearby, Crain’s said.

SL Green bought the building in 2007 from Citibank for $183 million. The mega-landlord then invested $26 million in upgrades and brought in a full new roster tenants after Citibank, which formerly occupied the whole building, vacated.

Office and retail tenants now include the Metropolitan Transportation Authority and musical instrument store Sam Ash. [Crain’s]Zachary Kussin


Related Articles

arrow_forward_ios
The Daily News Building at 220 East 42nd Street and SL Green CEO Marc Holliday (Credit: Getty Images)

SL Green puts Daily News building up for sale

SL Green puts Daily News building up for sale
SL Green snags private-equity firm at One Vanderbilt

SL Green snags private-equity firm at
One Vanderbilt

SL Green snags private-equity firm at
One Vanderbilt
SL Green’s locks in big bank lease at Hudson Yards redevelopment site

SL Green’s locks in big bank lease at
Hudson Yards redevelopment site

SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
Isaac Zion

SL Green’s co-CIO leaving firm

SL Green’s co-CIO leaving firm
470 Kent Avenue and Naftali Group’s Miki Naftali (Credit: Google Maps, Gonzalo Marroquin/Patrick McMullan via Getty Images)

Naftali closes on large Williamsburg development site for $100M

Naftali closes on large Williamsburg development site for $100M
JLL CEO Christian Ulbrich (Ulbrich by JP Yim/Getty Images for Women’s Forum of New York, iStock)

JLL slashes jobs in NYC capital markets group

JLL slashes jobs in NYC capital markets group
JLL CEO Christian Ulbrich (Ulbrich by JP Yim/Getty Images for Women's Forum of New York)

JLL predicts coronavirus’ impact to extend past 2020

JLL predicts coronavirus’ impact to extend past 2020
SL Green CEO Marc Holliday, One Madison Avenue and Hines Group CEO Jeffrey Hines (SL Green; Hines via Sanjeev Verma/Hindustan Times via Getty Images)

SL Green sells half of One Madison to Hines, NPS of Korea

SL Green sells half of One Madison to Hines, NPS of Korea
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...