The Moinian Group Completes Ownership of 3 Columbus Circle

— Moinian closes on deal with SL Green to finalize 100% stake in
iconic Columbus Circle office building —

NEW YORK–(BUSINESS WIRE)–The
Moinian Group
today announced that they have closed on its deal with
SL Green to complete its full ownership of 3 Columbus Circle, the iconic
office building that also houses Moinian’s headquarters.

In 2011, The Moinian Group first partnered with SL Green on 3 Columbus
Circle, which was formerly known as the Newsweek Building and originally
built as the General Motors Corporation’s headquarters. The 26-story
Class-A office building is located on Broadway just across the street
from Time Warner Center, with expansive views of Central Park.

In 2012, together with renowned architect Gensler, The Moinian Group
oversaw a complete renovation of the building, including the design of a
new facade and lobby. The modernization of 3 Columbus Circle helped
quickly lease up the building to 100% and it continues to remain fully
leased. The building’s current roster of office tenants includes VMLY&R
and Versace USA. Nordstrom occupies a portion of the retail space on the
ground floor.

With completion of the new agreement, Moinian assumes full ownership of
3 Columbus Circle.

“When The Moinian Group purchased 3 Columbus Circle nearly twenty years
ago, it was a milestone achievement for our firm and it has always held
a special place in our portfolio,” said Joseph Moinian, founder and CEO
of The Moinian Group. “As our roster of commercial and residential
projects continues to grow — including the rising 3 Hudson Boulevard on
the Far West Side — 3 Columbus Circle remains a benchmark for the
standard of quality and excellence that we aim to achieve. We’re proud
of our partnership’s success with SL Green at 3 Columbus Circle and
continue to strive for the same with our existing and future
partnerships.”

3 Columbus Circle’s dramatic Central Park views offer natural light and
spaciousness that are just steps from many transportation options in
Columbus Circle. The building offers a fully staffed management team
with white glove service and security, temperature-controlled work
environments, and 24/7 access.

Between its anchor tenants Nordstrom, Chase, and CVS as well as
proximity to groundbreaking developments like Vornado’s 220 Central Park
South and Extell’s Central Park Tower, 3 Columbus Circle is perfectly
positioned as the crowning flagship for the Moinian Group’s headquarters.

For more information on The Moinian Group and its properties, please
visit www.moinian.com.

About The Moinian Group

Founded by Joseph Moinian, The Moinian Group today owns and operates a
diversified portfolio of assets across the United States and is among
the only national real estate entities to develop, own and operate
properties across every asset category, including office, hotel, retail,
condos and rental apartments. The Moinian Group’s holdings include
high-profile assets in America’s leading cities, including New York,
Dallas and Los Angeles. For the past three decades, The Moinian Group
has been a pioneer in the development of emerging areas of New York City
such as Downtown and West Side of Manhattan, developing commercial,
residential and mixed-use projects that combine luxury living, modern
office space and high quality retail. The Moinian Group maintains a
reputation for developing state-of-the-art, aesthetically distinguished
properties as the firm continues to strive for excellence. More
information on the Moinian Group and its portfolio can be found at www.moinian.com.

Contacts

Marino
Liz Latino, 212-889-0808
elatino@marinopr.com

leverton

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