$200M skyscraper sale

Large profit too much to resist, says seller
Published on May 16, 2007

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by CareyBot

SL Green Realty Corp., RFR Holding LLC and Ian Schrager have sold the North Building, or “Clock Tower,” at 5 Madison Ave. to Africa Israel for $200 million. SL Green acquired the 41-story, approximately 267,000-square-foot property in 2005, in conjunction ...