Savanna’s white knight? This Health care firm could take Amazon’s place
at One Court Square

Centene Corporation is negotiating a lease for about 500K sf

New York /
Mar.March 22, 2019 04:00 PM

Savanna’s Chris Schlank and One Court Square in Long Island City (Credit: Getty Images and Wikipedia)

A health care company based in St. Louis is about to be Savanna’s savior.

Centene Corporation is negotiating a deal to lease up to 500,000 square feet at Savanna’s One Court Square in Long Island City, according to Crain’s. Amazon had previously committed to leasing about 1 million square feet of space in the tower but cancelled the deal when it abruptly pulled out of its plans to bring its second headquarters to New York amid local opposition.

The deal with Centene appears related to its roughly $4 billion purchase last year of Fidelis, a health care company based in Queens. The company may be looking to move Fidelis’ operations from its current place in Rego Park to the Long Island City tower.

The lease would still leave Savanna with 500,000 extra square feet to fill at the tower.

The company’s chief executive Chris Schlank criticized Gov. Andrew Cuomo and Mayor Bill de Blasio over their handling of the Amazon deal at a recent panel.

“The hubris that Cuomo showed and the weakness that de Blasio showed tacitly not wanting to put his name on Amazon because he likes the unions was terrible in so many ways,” he said. [Crain’s] – Eddie Small


Related Articles

arrow_forward_ios
Joel Landau, chairman and founder of Allure Group. (Google Maps, Score NYC)
These were the top outer-borough loans last month
These were the top outer-borough loans last month
David Schonbraun (SL Green)
SL Green investment chief David Schonbraun steps down
SL Green investment chief David Schonbraun steps down
Aby Rosen and 522 Fifth Avenue (Getty, Google Maps)
RFR pitches Fifth Avenue office building as “build-to-suit” corporate HQ
RFR pitches Fifth Avenue office building as “build-to-suit” corporate HQ
Nearly half of new shops in 2021 will be dollar stores. (Getty)
2021 is raining dollar stores
2021 is raining dollar stores
National chains and mom-and-pop stores are seeing increasing sales per square foot and shrinking occupancy costs (Getty)
National chains paid 93% of rent in April
National chains paid 93% of rent in April
(RIPCO, iStock)
Target, Five Below, Smashburger open in new Brooklyn shopping center
Target, Five Below, Smashburger open in new Brooklyn shopping center
Close to 80 hotels with more than 13,000 rooms plan to open in 2021. (iStock)
Big year seen for hotel openings, despite few visitors
Big year seen for hotel openings, despite few visitors
Savanna’s Christopher Schlank and Nicholas Bienstock with a rendering of 141 Willoughby Street (Savanna; SLCE Architects; Fogarty Finger Architects)
Savanna nabs $264M loan for Downtown Brooklyn office project
Savanna nabs $264M loan for Downtown Brooklyn office project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...