The Traderszone Network

Published in TZ Latest News 19 October, 2016 by The TZ Newswire Staff

SL Green sells 49% stake in Stonehenge 57 to BlackRock

SL Green Realty sold a 49 percent stake in Stonehenge 57, its 261-unit rental building on Sutton Place, to asset manager BlackRock in a deal that values the 19-story property at $170 million, the landlord announced Wednesday. In late 2014, SL Green bought a 50 percent stake in the residential and commercial portfolio owned by Stonehenge Partners, which included 2,800 rental apartments and 43,000 square feet.

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