Savanna rebounds following Amazon loss

Firm had previously subleased space from Citi

New York /
Jun.June 24, 2019 06:15 PM
Savanna’s Chris Schlank, Altice CEO Dexter Goei, and One Court Square

Savanna’s Chris Schlank, Altice CEO Dexter Goei, and One Court Square

Savanna now has one less thing to worry about as it seeks to fill the Amazon-shaped hole at One Court Square.

Telecom and cable firm Altice USA, which has been subleasing three floors from Citigroup at the building since 2017, has now entered into a lease agreement with Savanna for 103,000 square feet, the landlord announced on Friday.

Except for the existence of expansion options, terms of the deal were not disclosed. A JLL team led by Mitchell Konsker represented Savanna as exclusive leasing agents for the building.

Amazon’s plans to bring part of its campus to Long Island City nearly forced Altice out of the building earlier this year, as the online retail giant planned to take up 1 million square feet at the 1.5 million square foot building once Citigroup’s lease expired in 2020. Now that Amazon has scrapped those plans, Altice will be staying in place.

In March, health care firm Centene Corporation was reported to be in talks to take up as much as 500,000 square feet at One Court Square.

That same month, Savanna’s Chris Schlank blamed Gov. Andrew Cuomo’s “hubris” and Mayor Bill de Blasio’s “weakness” for Amazon abandoning plans for a campus in Long Island City.


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