SL Green Acquires Interest in Manhattan’s Embattled 650 Fifth Ave.

Source:  CPE

A joint venture of SL Green Realty Corp., New York, and Jeff Sutton announced Monday that it has acquired a 49-year leasehold interest covering the retail portion of 650 Fifth Avenue, an office tower with decades-long ties to the Iranian government and now in legal limbo because of them. The transaction gives the partnership control of the building’s four levels of retail space (basement and ground, second and third floors). The tenants are Juicy Couture, Godiva Chocolate and Devon ...

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