SL Green Closes $730 Million Acquisition of Park Avenue Tower
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SL Green Realty Corporation has finalized the $730 million acquisition of Park Avenue Tower, a 36-story Class A office building located at 65 East 55th Street. The acquisition was financed through a new five-year, $480 million fixed-rate mortgage at an effective rate of 5.25%. Recent upgrades to the property include enhancements to the plaza, lobby, and office suites.
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