{"success":true,"data":{"pressRelease":{"id":"138982","rtpr_id":"nGNXqvNhr-20260909","ticker":"SLG","exchange":"NYSE","all_tickers":["SLG"],"title":"SL Green Announces Sale of 110 Greene Street for $226 Million","author":"Globe Newswire","published_at":"2026-09-09T11:37:53.108Z","article_body":"NEW YORK, Sept. 09, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:\nSLG), Manhattan’s largest office landlord, today announced that it has\nentered into an agreement to sell 110 Greene Street in SoHo to Natora Group\nfor $226.0 million. The transaction is expected to close in the fourth\nquarter, subject to customary closing conditions, and generate approximately\n$216.0 million of net cash proceeds that will be used to repay unsecured\ncorporate debt.\n\n“Our team executed a successful leasing strategy at 110 Greene, bringing the\nbuilding to full occupancy at market-leading rents,” said Harrison Sitomer,\nPresident and Chief Investment Officer of SL Green. “This transaction\nfurther signifies the depth of domestic and international buyers in the market\nacross varying property types.”\n\nLocated in the heart of SoHo between Prince and Spring Streets, 110 Greene\nStreet is a 13-story, 223,000-square-foot Class A office building with four\nexposures and frontages on both Greene and Mercer Streets. The property offers\ntenants convenient access to SoHo’s shopping, restaurants and nightlife, as\nwell as 11 subway lines, and is home to Balenciaga’s New York flagship\nstore.\n\nGary Phillips, Will Silverman and Carly Shoulberg of Eastdil Secured advised\nSL Green on the transaction.\n\nAbout SL Green Realty Corp.\nSL Green Realty Corp., Manhattan’s largest office landlord, is a fully\nintegrated real estate investment trust, or REIT, that is focused primarily on\nacquiring, managing and maximizing the value of Manhattan commercial\nproperties. As of June 30, 2026, SL Green held interests in 54 buildings\ntotaling 30.6 million square feet, which included ownership interests in 29.2\nmillion square feet and 1.4 million square feet securing debt and preferred\nequity investments, excluding fund investments, and managed 4 buildings\ntotaling 0.9 million square feet owned by third parties.\n\nForward Looking Statement\nThis press release includes certain statements that may be deemed to be\n“forward-looking statements” within the meaning of the Private Securities\nLitigation Reform Act of 1995 and are intended to be covered by the safe\nharbor provisions thereof. All statements, other than statements of historical\nfacts, included in this press release that address activities, events or\ndevelopments that we expect, believe or anticipate will or may occur in the\nfuture, including such matters as future capital expenditures, dividends and\nacquisitions (including the amount and nature thereof), development trends of\nthe real estate industry and the New York metropolitan area markets,\noccupancy, business strategies, expansion and growth of our operations and\nother similar matters, are forward-looking statements. These forward-looking\nstatements are based on certain assumptions and analyses made by us in light\nof our experience and our perception of historical trends, current conditions,\nexpected future developments and other factors we believe are appropriate.\nForward-looking statements are not guarantees of future performance and actual\nresults or developments may differ materially, and we caution you not to place\nundue reliance on such statements. Forward-looking statements are generally\nidentifiable by the use of the words “may,” “will,” “should,”\n“expect,” “anticipate,” “estimate,” “believe,” “intend,”\n“project,” “continue,” or the negative of these words, or other\nsimilar words or terms.\n\nForward-looking statements contained in this press release are subject to a\nnumber of risks and uncertainties, many of which are beyond our control, that\nmay cause our actual results, performance or achievements to be materially\ndifferent from future results, performance or achievements expressed or\nimplied by forward-looking statements made by us. Factors and risks to our\nbusiness that could cause actual results to differ from those contained in the\nforward-looking statements include risks and uncertainties described in our\nfilings with the Securities and Exchange Commission. Except to the extent\nrequired by law, we undertake no obligation to publicly update or revise any\nforward-looking statements, whether as a result of future events, new\ninformation or otherwise.\n\nPRESS CONTACT\nslgreen@berlinrosen.com\n\nSLG-A&D\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/fd1a857e-5838-406f-a5e3-1ee8f6d83bb1)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXqvNhr-20260909","title":"SL Green Announces Sale of 110 Greene Street for $226 Million","author":"Globe Newswire","ticker":"SLG","created":"2026-09-09T11:37:53.108Z","tickers":["SLG"],"exchange":"NYSE","article_body":"NEW YORK, Sept. 09, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:\nSLG), Manhattan’s largest office landlord, today announced that it has\nentered into an agreement to sell 110 Greene Street in SoHo to Natora Group\nfor $226.0 million. The transaction is expected to close in the fourth\nquarter, subject to customary closing conditions, and generate approximately\n$216.0 million of net cash proceeds that will be used to repay unsecured\ncorporate debt.\n\n“Our team executed a successful leasing strategy at 110 Greene, bringing the\nbuilding to full occupancy at market-leading rents,” said Harrison Sitomer,\nPresident and Chief Investment Officer of SL Green. “This transaction\nfurther signifies the depth of domestic and international buyers in the market\nacross varying property types.”\n\nLocated in the heart of SoHo between Prince and Spring Streets, 110 Greene\nStreet is a 13-story, 223,000-square-foot Class A office building with four\nexposures and frontages on both Greene and Mercer Streets. The property offers\ntenants convenient access to SoHo’s shopping, restaurants and nightlife, as\nwell as 11 subway lines, and is home to Balenciaga’s New York flagship\nstore.\n\nGary Phillips, Will Silverman and Carly Shoulberg of Eastdil Secured advised\nSL Green on the transaction.\n\nAbout SL Green Realty Corp.\nSL Green Realty Corp., Manhattan’s largest office landlord, is a fully\nintegrated real estate investment trust, or REIT, that is focused primarily on\nacquiring, managing and maximizing the value of Manhattan commercial\nproperties. As of June 30, 2026, SL Green held interests in 54 buildings\ntotaling 30.6 million square feet, which included ownership interests in 29.2\nmillion square feet and 1.4 million square feet securing debt and preferred\nequity investments, excluding fund investments, and managed 4 buildings\ntotaling 0.9 million square feet owned by third parties.\n\nForward Looking Statement\nThis press release includes certain statements that may be deemed to be\n“forward-looking statements” within the meaning of the Private Securities\nLitigation Reform Act of 1995 and are intended to be covered by the safe\nharbor provisions thereof. All statements, other than statements of historical\nfacts, included in this press release that address activities, events or\ndevelopments that we expect, believe or anticipate will or may occur in the\nfuture, including such matters as future capital expenditures, dividends and\nacquisitions (including the amount and nature thereof), development trends of\nthe real estate industry and the New York metropolitan area markets,\noccupancy, business strategies, expansion and growth of our operations and\nother similar matters, are forward-looking statements. These forward-looking\nstatements are based on certain assumptions and analyses made by us in light\nof our experience and our perception of historical trends, current conditions,\nexpected future developments and other factors we believe are appropriate.\nForward-looking statements are not guarantees of future performance and actual\nresults or developments may differ materially, and we caution you not to place\nundue reliance on such statements. Forward-looking statements are generally\nidentifiable by the use of the words “may,” “will,” “should,”\n“expect,” “anticipate,” “estimate,” “believe,” “intend,”\n“project,” “continue,” or the negative of these words, or other\nsimilar words or terms.\n\nForward-looking statements contained in this press release are subject to a\nnumber of risks and uncertainties, many of which are beyond our control, that\nmay cause our actual results, performance or achievements to be materially\ndifferent from future results, performance or achievements expressed or\nimplied by forward-looking statements made by us. Factors and risks to our\nbusiness that could cause actual results to differ from those contained in the\nforward-looking statements include risks and uncertainties described in our\nfilings with the Securities and Exchange Commission. Except to the extent\nrequired by law, we undertake no obligation to publicly update or revise any\nforward-looking statements, whether as a result of future events, new\ninformation or otherwise.\n\nPRESS CONTACT\nslgreen@berlinrosen.com\n\nSLG-A&D\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/fd1a857e-5838-406f-a5e3-1ee8f6d83bb1)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-09T11:37:53.151765269Z","server_sent_at_ms":1788953873151},"received_at":"2026-09-09T11:37:53.204Z","source_url":null},"analysis":{"id":"127824","press_release_id":"138982","analysis_json":{"industry":{"label":"Office REITs","sector":"Real Estate"},"redFlags":["proceeds directed to unsecured debt repayment rather than reinvestment — deleveraging via asset sales","disposition of a fully-leased, Class A asset reduces recurring rental income/NOI"],"eventType":"m_and_a","narrative":"SL Green Realty Corp. has agreed to sell 110 Greene Street in SoHo to Natora Group for $226.0 million, with the transaction expected to close in the fourth quarter subject to customary conditions.\n\nThe sale is expected to generate approximately $216.0 million of net cash proceeds, which SL Green will use to repay unsecured corporate debt.\n\nThe 13-story, 223,000-square-foot Class A office building between Prince and Spring Streets was brought to full occupancy at market-leading rents and is home to Balenciaga's New York flagship store.\n\nEastdil Secured advised SL Green on the transaction, which President and CIO Harrison Sitomer said signifies the depth of domestic and international buyers across varying property types.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"SL Green monetizes a fully-leased SoHo office tower at $226M and deploys $216M of net proceeds to pay down unsecured debt — a clean deleveraging data point for Manhattan office."},"keyFigures":{"dealValueUsd":226000000,"customDimensions":{"stories":13,"asset_class":"Class A office","building_sqft":223000,"expected_close":"Q4 2026","net_cash_proceeds":"$216.0 million","net_cash_proceeds_usd":216000000}},"quotedText":"bringing the\nbuilding to full occupancy at market-leading rents","namedEntities":{"people":[{"name":"Harrison Sitomer","role":"President and Chief Investment Officer of SL Green"},{"name":"Gary Phillips","role":"Eastdil Secured advisor to SL Green"},{"name":"Will Silverman","role":"Eastdil Secured advisor to SL Green"},{"name":"Carly Shoulberg","role":"Eastdil Secured advisor to SL Green"}],"products":["110 Greene Street"],"companies":[{"name":"SL Green Realty Corp.","ticker":"SLG","relationship":"filer/seller"},{"name":"Natora Group","relationship":"buyer"},{"name":"Eastdil Secured","relationship":"real estate advisor"},{"name":"Balenciaga","relationship":"tenant (New York flagship store at 110 Greene Street)"}],"dollarAmounts":[{"amount":"$226.0 million","context":"agreed sale price of 110 Greene Street to Natora Group"},{"amount":"$216.0 million","context":"expected net cash proceeds to be used to repay unsecured corporate debt"}]},"materialImpact":{"score":3,"reasoning":"A $226.0 million single-asset disposition with approximately $216.0 million of net cash proceeds earmarked to repay unsecured corporate debt is a meaningful capital-recycling and deleveraging event for a mid-cap REIT, though routine relative to SL Green's Manhattan portfolio of 54 buildings and not company-transforming."},"tickerRelevance":{"others":[],"primary":"SLG"},"globalImportance":32,"audienceRelevance":38,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap, well-known Manhattan office REIT","eventGravity":"single-asset disposition at $226M with $216M net proceeds to debt repayment","balanceSheetImpact":"modest deleveraging; not transformative vs. 30.6M sqft portfolio","householdBrandBoost":"'Manhattan's largest office landlord' name recognition","retailFavoriteBoost":"moderate — NYC commercial real estate is a watched theme"}},"event_type":"m_and_a","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"SL Green Realty Corp. has agreed to sell 110 Greene Street in SoHo to Natora Group for $226.0 million, with the transaction expected to close in the fourth quarter subject to customary conditions.\n\nThe sale is expected to generate approximately $216.0 million of net cash proceeds, which SL Green will use to repay unsecured corporate debt.\n\nThe 13-story, 223,000-square-foot Class A office building between Prince and Spring Streets was brought to full occupancy at market-leading rents and is home to Balenciaga's New York flagship store.\n\nEastdil Secured advised SL Green on the transaction, which President and CIO Harrison Sitomer said signifies the depth of domestic and international buyers across varying property types.","key_figures":{"dealValueUsd":226000000,"customDimensions":{"stories":13,"asset_class":"Class A office","building_sqft":223000,"expected_close":"Q4 2026","net_cash_proceeds":"$216.0 million","net_cash_proceeds_usd":216000000}},"named_entities":{"people":[{"name":"Harrison Sitomer","role":"President and Chief Investment Officer of SL Green"},{"name":"Gary Phillips","role":"Eastdil Secured advisor to SL Green"},{"name":"Will Silverman","role":"Eastdil Secured advisor to SL Green"},{"name":"Carly Shoulberg","role":"Eastdil Secured advisor to SL Green"}],"products":["110 Greene Street"],"companies":[{"name":"SL Green Realty Corp.","ticker":"SLG","relationship":"filer/seller"},{"name":"Natora Group","relationship":"buyer"},{"name":"Eastdil Secured","relationship":"real estate advisor"},{"name":"Balenciaga","relationship":"tenant (New York flagship store at 110 Greene Street)"}],"dollarAmounts":[{"amount":"$226.0 million","context":"agreed sale price of 110 Greene Street to Natora Group"},{"amount":"$216.0 million","context":"expected net cash proceeds to be used to repay unsecured corporate debt"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-09T11:38:33.716Z","global_importance":32,"audience_relevance":38,"importance_components":{"tickerTier":"mid-cap, well-known Manhattan office REIT","eventGravity":"single-asset disposition at $226M with $216M net proceeds to debt repayment","balanceSheetImpact":"modest deleveraging; not transformative vs. 30.6M sqft portfolio","householdBrandBoost":"'Manhattan's largest office landlord' name recognition","retailFavoriteBoost":"moderate — NYC commercial real estate is a watched theme"}},"durationMs":38001,"modelName":"glm-5.3-flash"}}