Savanna is selling 100 Wall Street and could get as much as $250 million for the office building, the New York Daily News reported, citing unnamed sources.
The more than 500,000-square foot, 29-story building is located between Front and Water streets in the Financial District and is about 90 percent leased.
Savanna, a real estate private equity firm led by Chris Schlank and Nicholas Bienstock, bought the property in 2011 from Lehman Brothers Holdings in a foreclosure auction and has spent roughly $25 million on renovating the building.
Eastdil Secured’s Adam Spies and Doug Harmon have the listing, the newspaper said. [NYDN] — Claire Moses