SL Green Sells a 40% Stake in Manhattan’s 11 Madison Ave.

Updated on
  • Prudential arm’s purchase values the building at $2.6 billion
  • SL Green bought the property last year for $2.29 billion

SL Green Realty Corp., New York’s biggest office landlord, said it sold a 40 percent stake in Manhattan’s 11 Madison Ave. to Prudential Financial Inc.’s real estate investment arm in a deal that values the tower at $2.6 billion.

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