SL Green Realty (SLG) closed on the acquisition of its joint venture partners’ combined 39.48% interest in 800 Third Avenue for total cash consideration of $5.1M and completed a modification and extension of the property’s existing $177M mortgage. SL Green’s ownership stake in the asset is now 100%. The mortgage modification extended the maturity date from February 2026 to February 2031, inclusive of all available extension options. The interest rate was maintained at 1.70% over Term SOFR, which the company fixed at 5.03% from February 2026 through the initial maturity date in February 2029.
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