Business
SL Green and Rockpoint Announce Joint Venture for Ownership of 100 Park Avenue
NEW YORK, Jan. 06, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, and Rockpoint, a Boston-based real estate ...
About this update from Sl Green Realty Corp
[{"type":"image","alt":"SL Green Realty Corp","displaySize":"","headline":null,"caption":"SL Green Realty Corp","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":86,"url":"https://media.zenfs.com/en/globenewswire.com/d8e2d68cd437d5291eae058dbaf947d2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/HDROqtQmq15F3dERJMd3eQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/d8e2d68cd437d5291eae058dbaf947d2","width":300,"height":86}},"lazy":false},{"type":"text","content":"NEW YORK, Jan. 06, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, and Rockpoint, a Boston-based real estate private equity firm, today announced a joint venture for the ownership of 100 Park Avenue through SL Green’s sale of a 49% interest to Rockpoint at a gross asset valuation of $425.0 million.","length":347,"tagName":"p"},{"type":"text","content":"“We’re excited to begin our partnership with Rockpoint at 100 Park Avenue in a transaction that underscores the strength of high-quality office assets in premier locations in an improving Manhattan office market,” said Harrison Sitomer, Chief Investment Officer at SL Green.","length":274,"tagName":"p"},{"type":"text","content":"“We have known the SL Green team for a long time and look forward to partnering to maintain and enhance 100 Park’s positioning as a highly desirable midtown office destination,” said Dan Domb, a Managing Member and Chief Operating Officer at Rockpoint. “Office has been a significant focus for Rockpoint throughout our 31-year history, we know the asset class extremely well and have always been disciplined about investing. As our first significant post-COVID office investment, 100 Park represents the kind of highly targeted opportunity that we find attractive today given the vibrancy of New York and the favorable supply/demand dynamics for high quality and extremely well-located properties like this one.”","length":712,"tagName":"p"},{"type":"text","content":"Located steps away from Grand Central Terminal, 100 Park Avenue is a 36-story, 905,000-square-foot office tower in Midtown Manhattan. The building boasts a recently renovated amenity center on the second floor, offering a state-of-the-art lounge, golf simulator, game room, personal training studio, and conference rooms. Major tenants inc...