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April 5, 2005

TOP STORY: SL Green To Buy Part of CSFB HQ Campus; CSFB Big Net-Lease Tenant

By Michelle Napoli

The credit of its principal tenant is undoubtedly a factor in the price being paid for Manhattan’s One Madison Ave. office property. SL Green Realty Corp., a REIT based here, agreed last week to a $918 million tab for the two-building, 1.4-million sf property, which is being sold by the Metropolitan Life Insurance Co. after almost 100 years of ownership.


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