Mayer Brown announced today that it represented Allianz Real Estate of America in the purchase of a 43 percent stake in 1515 Broadway, a mixed-use building in New York City located in Times Square, from SL Green Realty Corp. The transaction values the 1.86 million-square-foot tower at $1.95 billion.

The Mayer Brown team was led by Real Estate partner Paul Meyer (Chicago) and included other lawyers from the firm’s Real Estate and Tax Transactions & Consulting practices in Chicago and New York.