NEW YORK, Oct. 15, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that it closed on the sale of a 5.0% interest in One Vanderbilt Avenue to Mori Building Co., Ltd, Japan's leading urban landscape developer. The sale follows Mori's acquisition of an 11.0% interest in the trophy office tower in November 2024. Both investments were completed at a gross valuation of $4.7 billion. After completion of the transaction, SL Green maintains a 55.0% stake in One Vanderbilt Avenue.

"We are honored that Mori Building Company has chosen to expand its stake in the One Vanderbilt Avenue investment," said Marc Holliday, Chairman and CEO of SL Green Realty Corp. "Their decision is a strong endorsement of the tower's unmatched quality and enduring value. Mori Building Company shares our commitment to investing in iconic global properties, and we are grateful for their confidence in both the asset and our stewardship."

"We are excited to have an additional stake of the ownership venture of One Vanderbilt Avenue, a modern landmark in Manhattan, and to further our relationship with SL Green, who have long contributed to making New York City an attractive city," said Shingo Tsuji, President and CEO of Mori Building Co., Ltd.

Standing 1,401 feet tall and defining the Midtown skyline, award-winning and internationally recognized One Vanderbilt is the new headquarters for many of the world's leading finance, technology, law and real estate firms. The 1.7 million-square-foot skyscraper is ...