Savanna closed deals totaling 580K square feet in 2013

TRD New York /
Jan.January 12, 2014 10:00 AM

 The private equity firm Savanna had a good year in 2013, closing over 580,000 square feet of leasing in 59 deals.

“The significant number of lease renewals, expansions and new leases is evidence of the brokerage and corporate communities’ confidence in Savanna properties,” Nicholas Bienstock, managing partner at Savanna, said in a prepared statement. “We thank the brokerage community for their continued support in these transactions and look forward to working together again in 2014.”

Savanna’s 80 Broad Street in Lower Manhattan saw the most activity in 2013, with 22 transactions closed, according to the New York Observer. The largest lease of the year at 80 Broad came from the branding agency Loyalkaspar, which signed a 15,170-square-foot lease. A Newmark Grubb Knight Frank team composed of Hal Stein, Adam Leshowitz and Todd Stracci led leasing efforts in the building.

As The Real Deal previously reported, Savanna also closed the second largest retail deal in Manhattan in 2013 at 249 West 17th Street in Chelsea. In that deal the firm added home furnishings store Room & Board to its portfolio in a 60,062-square-foot lease. Amy Zhen and Jeff Roseman of NGKF represented the landlord in the transaction. [NYO]Christopher Cameron

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