SL Green Announces an Agreement to Acquire New York City Office and Retail Real Estate Investments from Gramercy Capital Corp.

New York, NY – December 6, 2010 – (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) and Gramercy Capital Corp. (NYSE: GKK) today announced an agreement for SL Green to purchase investments from Gramercy Capital Corp. for an aggregate price of $390.8 million, including the assumption of $265.6 million in debt. The transactions, which are expected to close within the next 90 days, are subject to the satisfaction of certain conditions