SL Green, Blackstone Ink $100M Deal For Office Portfolio

Law360, New York (March 3, 2014, 4:37 PM EST) -- SL Green Realty Corp. said on Monday that it will sell its stake in a Southern California office portfolio to an affiliate of joint venture partner Blackstone Real Estate Partners VII for $100 million, giving it full ownership of the portfolio.

SL Green is selling its 43.74 percent stake in what was previously a joint venture between it and the Blackstone affiliate, Equity Office Properties Trust. The portfolio consists of 28 properties that total 3.7 million square feet and are located in a host of Southern...
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