SL Green Realty has sold its ownership interest in 707 Eleventh Ave. for $95 million to a domestic buyer, with the transaction expected to close in the first quarter of 2022. Proceeds from the sale are expected to be used for the repayment of corporate debt.

The REIT purchased the 160,000 square foot, loft-style building in January of 2020 for $90 million. Proceeds from the sale are expected to be used for the repayment of corporate debt.

Read here to know more: https://www.globest.com/2021/12/14/sl-green-sells-707-eleventh-ave-for-95m/