Adding another retail location to its portfolio, SL Green Realty Corp. added a $122.3 million location in Soho this week, according to NYC Department of Finance records.
The property, at 131-137 Spring Street between Wooster and Greene, is a 71,689 s/f, six-story, mixed-use residential and office building. The ground floor retail is currently occupied by Burberry, Diesel and Chanel.
The seller, Will Spring Holdings LLC, a subsidiary of the Dublin, Ireland – Willett Companies; purchased the building in July 2006 for $46 million.
Shares of SL Green are up more than five percent since the beginning of the 2013, trading at about $80 a share. The company reported that its funds from operations (FFO) rose $5.35 per share for fiscal year 2012.
Overall, stock prices for SL Green have rebounded 681 percent since trading at around $12 a share back in March 2009.
SL Green reported that it signed 54 office leases in Manhattan during the 4th quarter of 2012 a rise of 4.2 percent over 2011.