* Maintains 2010 FFO outlook shr $3.90-$4.10
* Close to deal for partner in 600 Lexington
* Shares down 4.7 pct
NEW YORK, April 27 New York office landlord SL
Green Realty Corp (SLG.N) on Tuesday maintained its forecast
for the year and said it was close to getting a partner for its
pending purchase of a midtown Manhattan skyscraper.
The company kept its forecast for 2010 funds from
operations, or FFO, of $3.90 to $4.10 per share. The average of
forecast by analysts polled by Thomson Reuters I/B/E/S was
$4.03 per share.
SL Green, which has agreed to buy 600 Lexington Ave for
$193 million, or $636 per square foot, said it was near a deal
for a "foreign pension fund" to take a 45 percent stake in the
The 303,515 square-foot, 36-story office tower is at the
northwest corner of Lexington Avenue and 52nd Street. SL Green
declined to identify the pension fund, except for saying this
would be its first investment with this partner.
The purchase would be SL Greens first since December 2007.
The company also lends borrowers money to buy buildings. It
holds loans of roughly $146 million on 666 Fifth Ave, the
owner of which has defaulted on $1.215 billion of mortgage
debt. SL Green said it could get all or part of its investment
back upon the sale of that building, which is pending.
Shares of SL Green were down 4.7 percent at $61.30 in late
trading on the New York Stock Exchange.
(Reporting by Ilaina Jonas)