20 Oct 2025

"Blackstone Sells Park Avenue Tower in Manhattan to SL Green for $730 Million"

"Simpson Thacher represented Blackstone in the sale of the Park Avenue Tower in Manhattan to SL Green for $730 million. The 36-story building, completed in 1986, has a total space of 621,824 square feet."

Simpson Thacher represented Blackstone in its sale of the Park Avenue Tower in Manhattan to SL Green for $730 million. The transaction involved the 36-story tower, which was completed in 1986 and encompasses 621,824 square feet of space, located at 65 E. 55th St. The Simpson Thacher team included the following lawyers: Scott Kobak, Austin Hart, Shane Herskowitz, and Isabel Florentino from the Real Estate practice; Nancy Mehlman, Edward Grais, and Jiha Min from the Tax practice; and Jeanne M. Annarumma, Andrew Blau, Jana Hymowitz, Alexander Kharash, and J. Pasco Struhs from the Executive Compensation & Employee Benefits practice.
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