SL Green to Buy Stake in 245 Park Avenue From HNA Group

SL Green Realty Corp. is buying a stake in the office building at 245 Park from HNA Co., a Chinese conglomerate that has been under pressure to sell its assets, according to people familiar with the deal.

The price SL Green is paying and the size of the stake couldn’t be determined. SL Green will have operating control of the property and a preferred position in the joint venture, according to a person familiar with the deal.

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