SL Green Acquires 100% Interest in 800 Third Avenue, Extends Mortgage Maturity

SL Green Realty Corp. has acquired a 39.48% interest in 800 Third Avenue for $5.1 million, increasing its ownership stake to 100%. The company also extended the mortgage maturity date to February 2031 and maintained the 1.70% interest rate over Term SOFR. The transaction demonstrates SL Green's long-term outlook on well-located Manhattan assets and ability to execute accretive loan modifications.