SL Green to Sell Its Lipstick Building Stake for $453 Million

  • Sale of interest to generate about $45 million in proceeds
  • NYC property's name comes from shape, red granite exterior

SL Green Realty Corp., New York’s biggest office landlord, agreed to sell its interest in the land under Manhattan’s Lipstick Building for $453 million.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.