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The company held 12 properties in August 1997, when it went public, raising $228.7 million for the firm by the sale of common stock.
Appetite for Acquisition: 1997-99
By 1997, Manhattan had entered a new era of prosperity.
In 1997, the company was formed as a successor.
By the end of 1998, SL Green had added four more midtown buildings: the 25-story Fashion Gallery Building at 1412 Broadway, for $72 million; 20-story 711 Third Avenue, for $44.6 million; 18-story 440 Ninth Avenue, for $32 million; and 321 West 44th Street, for $17 million.
During 1999, SL Green purchased a 65 percent interest in the 20-story BMW Building at 555 West 57th Street for about $66.7 million.
A floor of space established by eEmerge at 440 Ninth Avenue in the summer of 2000 was completely filled less than a month after it first became available.
The company had net income of $86.22 million in 2000 on revenues of $230.32 million.
In 2000, the company sold the Whitehall Building.
In June 2001, SL Green purchased 317 Madison Avenue, a 22-story office tower with direct access to Grand Central Terminal, for $105 million.
In early 2001, SL Green was again buying properties in Midtown South.
2001: The company's holdings now include 19 Manhattan commercial properties.
In 2002, in partnership with SITQ, the company acquired One Astor Plaza for $483.5 million.
In 2003, the company acquired 461 Fifth Avenue for $100.3 million.
In November 2004, the company sold The Knickerbocker Hotel (Manhattan) for $160 million.
In 2005, the company acquired the Metropolitan Life Insurance Company Tower for $916 million and converted the building into condominiums.
In 2006, the company acquired Reckson Associates in a $4 billion transaction.
In December 2007, the company acquired 388 Greenwich Street from Citigroup in a leaseback transaction.
The company had bought the property for $107.5 million in 2007 and made significant upgrades.
In 2010, the company acquired the Pershing Square Building from Shorenstein Properties for $330 million.
In 2011, the company sold One Court Square in Long Island City, Queens to David Werner and Joel Schreiber for $481 million
Citigroup reacquired the building in 2016.
In August 2017, the company sold the Montague-Court Building for $171.0 million.
In November 2018, the company purchased a $148 million stake in 245 Park Avenue from Chinese conglomerate HNA Group.
As of March 31, 2022, SL Green held interests in 71 buildings totaling 34.7 million square feet.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| BXP | 1970 | $3.4B | 760 | 55 |
| Cousins Properties | 1958 | $856.8M | 331 | 54 |
| Brixmor Property Group | 2003 | $1.3B | 477 | 13 |
| PS Business Parks | 1990 | $174.2M | 155 | - |
| Highwoods Properties | 1978 | $736.9M | 200 | 12 |
| Brandywine Realty Trust | 1994 | $486.8M | 337 | 14 |
| Forest City Realty Trust | 1920 | $911.0M | 1,548 | - |
| EastGroup Properties, Inc. | - | $640.2M | 72 | 4 |
| Kilroy Realty | 1996 | $1.1B | 200 | - |
| Equity Commonwealth | 2014 | $60.5M | 41 | - |
Zippia gives an in-depth look into the details of SL Green Realty, including salaries, political affiliations, employee data, and more, in order to inform job seekers about SL Green Realty. The employee data is based on information from people who have self-reported their past or current employments at SL Green Realty. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by SL Green Realty. The data presented on this page does not represent the view of SL Green Realty and its employees or that of Zippia.
SL Green Realty may also be known as or be related to SL GREEN REALTY CORP, SL Green Realty, SL Green Realty Corp, SL Green Realty Corp. and Sl Green Realty Corp.