SL Green Acquires Remaining 49.9% Ownership Interest in 521 Fifth Avenue

New York, NY – January 10, 2011 – (RealEstateRama) — SL Green Realty Corp. (NYSE: SLG) today announced it has purchased City Investment Fund (CIF)’s 49.9% interest in 521 Fifth Avenue, thereby assuming full ownership of the building. The transaction values the consolidated interests at $245.7 million or approximately $502 per square foot.


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