Deals
SL Green Buys Out SITQ Interest in Viacom Headquarters Tower
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SL Green Realty Corp. said it acquired the remaining interest in 1515 Broadway, the Times Square skyscraper that houses the headquarters of Viacom Inc., in a deal that values the property at $1.21 billion.
The company bought the stake from SITQ, a real estate investment unit of Canadian pension-fund manager Caisse de Depot et Placement du Quebec, SL Green said in a statement today. The valuation for the 1.75 million-square-foot (162,600-square-meter) tower equals about $691 a square foot.