Article: SL Green Acquiring 100% Leasehold Interest in 625 Madison Avenue, New York; Manhattan REIT Uncovers Opportunity along New York's 'Golden Mile'.

NEW YORK -- Continuing to expand it's significant market share in New York City's Midtown Manhattan market, SL Green Realty Corp. (NYSE: SLG) announced today it is acquiring the long-term leasehold interest in 625 Madison Avenue for $231.5 million, or approximately $415 per square foot. Formerly known as the Revlon Building, the acquisition of this premier office and retail property is a strategic addition for SL Green in the prominent Plaza submarket.

The approximately 558,000 square feet, 17-story building is located in the highly-desirable Plaza office district and is directly across Madison Avenue from the General Motors building. The building is home to ...

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