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

333 West 34th Street and Marc Holliday of SL Green
333 West 34th Street and Marc Holliday of SL Green

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.

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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