An undisclosed buyer acquired 717 Fifth Avenue retail condominium from SL Green Realty Corp. (NYSE:SLG) and others for approximately $960 million on January 15, 2024. SL Green Realty Corp. divested 10.92% stake in the property. The transaction is expected to generate net proceeds to the Company of $27.6 million, which will be used for corporate debt repayment.

An undisclosed buyer completed the acquisition of 717 Fifth Avenue retail condominium from SL Green Realty Corp. (NYSE:SLG) and others on January 15, 2024.