NEW YORK, March 02, 2026 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, together with its joint venture partner, Jeff Sutton's Wharton Properties, today announced that it has closed on the sale of 690 Madison Avenue for $54.5 million.

"The sale of 690 Madison Avenue underscores the continued trend of significant demand for flagship locations occupied by high-end retail users along Manhattan's finest retail corridors," said Harrison Sitomer, Chief Investment Officer at SL Green. "We're proud to have positioned the asset to an owner that shares our long-term vision."

690 Madison Avenue is a five-story, 7,850-square-foot commercial building located at East 62^nd Street on the Upper East Side of Manhattan. The building is fully leased to Richemont's Van Cleef & Arpels, a French luxury jewelry company.

Gary Phillips and Will Silverman of Eastdil advised on the transaction.

About SL Green Realty Corp.

SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of December 31, 2025, SL Green held interests in 56 buildings totaling 31.4 million square feet. This included ownership interests in 28.0 million square feet of Manhattan buildings and 2.7 million square feet securing debt and preferred equity investments.

Forward Looking Statement

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SL Green and Jeff Sutton Sell 690 Madison Avenue