January 26, 2017
SL Green Realty Corp will sell a 180,000-square-foot office building in Tarrytown, NY, for $21 million, or $117 per square foot. The sale of 520 White Plains Road, announced Jan. 25, is expected to close during the second quarter.
“This transaction is a continuation of our strategic efforts to dispose of non-core assets in order to generate cash proceeds that can be used for reinvestment or further fortification of our balance sheet,” said Isaac Zion, co-chief investment officer for SL Green. Built in 1978, the recently renovated property is close to several major highways and the Tappan Zee Bridge.
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