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SL Green Realty Corp. has signed a purchase option agreement to acquire its partner’s 49.9 percent interest in 100 Park Ave., an 834,000-square-foot Manhattan high-rise. PGIM Real Estate acquired the asset in a venture with SL Green in 2000.

Additionally, the company also modified the building’s existing $360 million mortgage, extending the final maturity date to December 2027 and maintaining the 2.25 percent interest rate. The lenders also provided a new $70.0 million future funding facility to support leasing costs at the property. Newmark advised the borrower, while CBRE worked on behalf of the loan providers.