Jones Lang LaSalle

SL Green sells two Manhattan office buildings
by Catherine Tymkiw

SL Green Realty Corp. agreed to sell two Manhattan office buildings for $63 million, and to acquire stakes in two retail properties through a joint venture. The real estate investment trust is selling a 22-story tower at 286 Madison Ave. and a six-story building at 290 Madison Ave. to Kenneth Aschendorf and Berndt Perl of APF Properties for about $420 per square foot. SL Green said it expects to reap a gain of over $30 million from the sales