8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K


                                 CURRENT REPORT

                                  -------------

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934



        Date of Report (Date of earliest event reported): March 27, 2002


                              SL GREEN REALTY CORP.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)




                                    Maryland
                            (STATE OF INCORPORATION)

                1-13199                                    13-3956775
       (COMMISSION FILE NUMBER)                    (IRS EMPLOYER ID. NUMBER)


                            420 Lexington Avenue               10170
                             New York, New York              (ZIP CODE)
                  (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

                                 (212) 594-2700
              (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)







ITEM 5.     OTHER EVENTS

SL Green Realty Corp. announced today that it has entered into a contribution
agreement to acquire 1515 Broadway, New York, New York in a transaction valued
at approximately $480 million. The property is currently owned by 1515 Broadway
Associates, L.P., whose general partner is an affiliate of The Equitable Life
Assurance Society of the United States. The transaction is anticipated to close
at the end of the second quarter 2002. It will be accomplished through a
prepackaged bankruptcy reorganization by the 1515 Broadway partnership, to
which the parties have consented. The property is being acquired in a joint
venture with SITQ Immobilier, with SL Green retaining an approximate 55%
interest in the asset.

Located in the heart of New York's Times Square and within walking distance of
Manhattan's main transportation hubs, 1515 Broadway is a 1.75 million square
foot, 54-story office tower located on Broadway between 44th and 45th Streets.
It is the headquarters of Viacom, Inc., one of the world's leading media and
entertainment companies, whose holdings include franchise brands CBS, MTV
Networks (Nickelodeon, MTV and VH1), Paramount Pictures, Showtime Networks and
Infinity Broadcasting.

1515 Broadway is being acquired at a cost of approximately $274 per square foot.
The property is 98.2% leased, with current market rents for office space at a
34% premium to fully escalated in-place rents. The initial cash NOI yield of the
transaction is approximately 8.2%.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

(b)   EXHIBITS

      99.1  Press release, dated March 27, 2002


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                                   SIGNATURES


      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                 SL GREEN REALTY CORP.



                                 By: /s/ Thomas E. Wirth
                                    ___________________________________________
                                    Thomas E. Wirth
                                    Executive Vice President, Chief Financial
                                    Officer


Date:  March 27, 2002


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EX-99.1

EXHIBIT 99.1


                                [SL GREEN LOGO]


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For Further Information, Contact:
Marc Holliday
President
Michael W. Reid
Chief Operating Officer
(212) 594-2700

FOR IMMEDIATE RELEASE


SL GREEN REALTY CORP. ANNOUNCES AGREEMENT TO ACQUIRE

1515 BROADWAY FOR APPROXIMATELY $480 MILLION


NEW YORK, MARCH 27, 2002 - SL Green Realty Corp. (NYSE: SLG) announced today
that it has entered into a contribution agreement to acquire 1515 Broadway, New
York, New York in a transaction valued at approximately $480 million. The
property is currently owned by 1515 Broadway Associates, L.P., whose general
partner is an affiliate of The Equitable Life Assurance Society of the United
States. The transaction is anticipated to close at the end of the 2nd quarter
2002. It will be accomplished through a prepackaged bankruptcy reorganization by
the 1515 Broadway partnership, to which the parties have consented. The property
is being acquired in a joint venture with SITQ Immobilier, with SL Green
retaining an approximate 55% interest in the asset.

Located in the heart of New York's Times Square and within walking distance of
Manhattan's main transportation hubs, 1515 Broadway is a 1.75 million square
foot, 54-story office tower located on Broadway between 44th and 45th Streets.
It is the headquarters of Viacom, Inc., one of


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the world's leading media and entertainment companies, whose holdings include
franchise brands CBS, MTV Networks (Nickelodeon, MTV and VH1), Paramount
Pictures, Showtime Networks and Infinity Broadcasting.

1515 Broadway is being acquired at a cost of approximately $274 per square foot.
The property is 98.2% leased, with current market rents for office space at a
34% premium to fully escalated in-place rents. The initial cash NOI yield of the
transaction is approximately 8.2%.

In making the announcement, Stephen L. Green, Chairman and CEO of SL Green
commented, "We are delighted to be acquiring a premier asset in the heart of
Times Square, New York's fastest growing and most vibrant submarket. Times
Square is rapidly becoming the financial and media capital of the world,
attracting such names as Conde Nast, Ernst & Young, Reuters, Bertlesman, Lehman
Brothers and Morgan Stanley. 1515 has all of the elements we look for in a
building. It is a trophy property that sits in the very center of one of the
great locations in the world with great street presence, large floor plates,
great light and air and, of course, a world class tenant, Viacom."

Marc Holliday, President of SL Green added, "1515 Broadway perfectly fits our
investment profile of repositioning and upgrading our portfolio of prime Midtown
properties while recycling our non-core assets. This transaction should keep us
on track to achieve our stated objective of 10% FFO growth in 2002, despite the
challenging leasing market and expected asset sales. At the same time, we are
enhancing future earnings growth and maintaining our corporate liquidity by
teaming up with SITQ to joint venture this signature property. We are
particularly pleased that we were able to structure a transaction that satisfied
the complex legal, tax, financing and insurance issues we faced in the
post-September 11th environment."

"We view the Times Square market with great interest and see a very exciting
opportunity for future growth," explained Denis Epoh, Vice-President,
Investments, SITQ Immobilier. "1515 Broadway is another quality investment in
New York, and our participation in it enables us to strengthen our international
presence in the prestige office buildings sector and expand our superb
relationship with SL Green."


The property is being acquired with $335 million of financing committed by
Lehman Brothers and Bear Stearns. The balance of the proceeds are being funded
from the Company's unsecured line of credit and from the proceeds of the sale of
the joint venture interest to SITQ. The transaction was arranged by Goldman,
Sachs & Co. Equitable was advised by Lend Lease Real Estate Investments, Inc.

For further information with respect to the transaction, please visit the
Company's web site at www.slgreen.com.

SL Green Realty Corp. is a self-administered and self-managed real estate
investment trust ("REIT") that primarily owns, manages, leases, acquires and
repositions office properties in Manhattan.


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SITQ Immobilier is affiliated with Caisse de depot et placement du Quebec. A
leader in the Canadian real estate industry, SITQ Immobilier is responsible for
investments in assets of $13 billion consisting of more than 469 properties
worldwide.



THIS RELEASE CONTAINS FORWARD-LOOKING INFORMATION BASED UPON THE COMPANY'S
CURRENT BEST JUDGEMENT AND EXPECTATIONS. ACTUAL RESULTS COULD VARY FROM THOSE
PRESENTED HEREIN. THE RISKS AND UNCERTAINTIES ASSOCIATED WITH THE
FORWARD-LOOKING INFORMATION INCLUDE THE STRENGTH OF THE COMMERCIAL OFFICE REAL
ESTATE MARKET, COMPETITIVE MARKET CONDITIONS, GENERAL ECONOMIC GROWTH, INTEREST
RATES AND CAPITAL MARKET CONDITIONS. FOR FURTHER INFORMATION, PLEASE REFER TO
THE COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.

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