Greenberg Traurig Facilitates SL Green's $175 Million Joint Venture at 346 Madison Avenue
Greenberg Traurig Represents SL Green in Joint Venture for 346 Madison Avenue Development
Benzinga
Image: Benzinga
Greenberg Traurig, LLP has advised SL Green Realty Corp. on the sale of a 49% interest in the 346 Madison Avenue development, valued at $175 million. SL Green retains 51% and will manage the project. This partnership continues their longstanding relationship.
- 01The joint venture for 346 Madison Avenue is valued at $175 million.
- 02SL Green Realty Corp. retains a 51% interest in the project.
- 03Greenberg Traurig has been a long-term legal advisor to SL Green on major real estate investments.
- 04Adam M. Goldstein led the legal team for this transaction, supported by Shimmy Friedlander and Tessa Gulley.
- 05Greenberg Traurig is recognized as a top law firm with a strong reputation in real estate law.
Advertisement
In-Article Ad
Greenberg Traurig, LLP has successfully represented SL Green Realty Corp. in a significant joint venture concerning the development of 346 Madison Avenue, New York. The deal involves the sale of a 49% interest in the project, which is valued at $175 million. SL Green will maintain a 51% stake and will take on the roles of development and leasing manager for the property. This transaction is part of SL Green's broader strategy in real estate, which includes recent acquisitions such as Park Avenue Tower. Adam M. Goldstein, co-chair of Greenberg Traurig's New York Real Estate Practice, led the legal team, which also included associates Shimmy Friedlander and Tessa Gulley. Greenberg Traurig is recognized for its extensive legal services across various industries and has received accolades for its commitment to client relationships and philanthropic efforts.
Advertisement
In-Article Ad
This joint venture is expected to enhance the development landscape of Madison Avenue, contributing to local economic growth.
Advertisement
In-Article Ad
Reader Poll
What do you think about the joint venture between SL Green and its partners?
Connecting to poll...
Read the original article
Visit the source for the complete story.