RTT News: Wednesday morning, SL Green Realty Corp. (SLG) said that it has reached an agreement to acquire, the tallest building in downtown Brooklyn 16 Court Street, for $107.5 million. The acquisition would position the company as Manhattan's largest landlord and as a provider of quality office space in other metro-area submarkets. Built in 1928 and still Brooklyn's tallest office tower, 16 Court is a 38-story, 317,625-square-foot building. The Property is situated on Cadman Plaza, with one of the most prominent retail locations in Brooklyn Heights at the intersection of Court and Montague Streets. The property features substantial frontage on both thoroughfares and spectacular views of Manhattan and the New York harbor. Six subway lines to Manhattan are accessible at the Borough Hall station next door to the property, and another three are located just two blocks away.
SL Green Nabs 16 Court Street
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