Tag: office building
Savanna and Monday Properties Secure $58 Million Financing For 386 Park Avenue South
New York, NY - January 6, 2011 - (RealEstateRama) -- Savanna and Monday Properties announced today the closing of a $58 million loan for 386 Park Avenue South. The new partners of the 20-story, Art Deco office building additionally announced that Chase Bank has signed an 11-year lease renewal of its 12,000-square-foot retail space.
SAVANNA PURCHASES 500,000-SQUARE-FOOT OFFICE BUILDING IN PRIME MIDTOWN LOCATION
New York, NY - December 14, 2010 - (RealEstateRama) -- Savanna, a New York-based real estate private equity firm with investments in $3 billion of real estate in the Northeast and Mid-Atlantic corridor, today purchased 1375 Broadway, a 513,401-square-foot corner office building located on Broadway and 37th Street, for $135 million. With this purchase, Savanna has acquired four New York City office buildings in 2010, totaling approximately 1.4 million square feet, including 386 Park Avenue South, 5 Hanover Square, 104 W. 40th Street and now 1375 Broadway.
