NEW YORK CITY — SL Green Realty Corp. has entered an agreement to sell 16 Court Street, a 317,600-square-foot office building in Brooklyn, for a gross sale price of $171 million. The buyer is CIM Group, a full service real estate and infrastructure fund manager. The transaction is expected to close during the fourth quarter of 2017. The sale will generate net cash proceeds of approximately $164 million. The 36-story building is currently 94 percent occupied. Darcy Stacom of CBRE represented SL Green in the deal.
Aug 10
