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    Savanna


    430 Park Avenue, 12th Floor
    New York, NY 10022
    (212) 229-0101
    Website
    [email protected]

    Savanna is a real estate private equity firm and asset management company that pursues real estate equity and debt investments. The company was founded in 1992 by Christopher Schlank.

    In 2006, the firm created Savanna Real Estate Fund I, LP, the first of a series of discretionary institutional real estate private equity funds that have collectively invested over $5 billion in total capital across approximately 17 million square feet of real estate assets as of 2021.

    The firm developed a nine-story mixed-use building at 540 West 26th Street in Chelsea, complete with a two-story art gallery, and sold the property to Dallas-based Ramrock Real Estate for $257 million in 2018.

    In 2014, Savanna was served with two separate lawsuits from sites they were developing. Lehmann Maupin Gallery sought $10 million in compensatory damages and an undisclosed sum for punitive damages, claiming that the landlords lack a valid permit to demolish the building at 540 West 26th Street. Savanna was also hit with a $7.5 million breach of contract lawsuit by the board of managers at 141 Fifth Avenue, alleging professional negligence.

    In 2020, Savanna repurchased a property it had previously owned in the Garment District. The firm originally bought 1375 Broadway in 2010 for $135 million, and then sold it to Westbrook Partners in 2015 for $310 million. Savanna the bought it back from Westbrook for $435 million in the city's fifth-largest investment sale of 2020.

    Valerie Kitay
    Savanna Partners, General Counsel
    430 Park Avenue, 12th Floor, New York, NY, (212) 229-0101
    Valerie Kitay is a New York City-based lawyer and general counsel at Savanna...
    Brian Reiver
    Savanna Commercial Services, Limited Liability Broker
    430 Park Avenue, 12th Floor, New York, NY
    ...
    Christopher Schlank
    Savanna, Founder, Managing Partner
    430 Park Avenue, New York, NY, 212.229.0101
    Christopher Schlank is founder and managing partner at Savanna, a private equity firm...
    Thomas Farrell
    Savanna, Vice President
    430 Park Avenue, 12th Floor, New York, NY, 212.229.0101
    Thomas Farrell is vice president at Savanna private equity firm, where he oversees...
    Edgar Cabrera
    Savanna, Vice President, Financing and Acquisitions
    430 Park Avenue, 12th Floor, New York, NY, 212.229.0101
    Edgar Cabrera is vice president of finance and acquisitions at Savanna private equity...
    Nicholas Bienstock
    Savanna, Co-managing partner
    430 Park Avenue, 12th Floor, New York, NY, 212.229.0101
    Nicholas Bienstock is co-managing partner at Savanna private equity firm with an eye...
    For more info, click here
    • Event Financing
    • Address 1375 Broadway
    • Neighborhood Garment District
    • Borough Manhattan
    • Price $ 388,500,000
    • Publication Date 07/17/2020
    • Event Date 07/14/2020
    • Party 1 Savanna
    • Party 1 Brokerage Cushman & Wakefield
    • Party 1 Broker Steve Kohn, Alex Hernandez, Alex Lapidus, Zachary Kraft
    • Party 2 Brookfield Real Estate Finance, Deutsche Pfandbriefbank, Aareal Capital Corp
    notes
    The lender issued an acquisition loan of $388.5 million for the Garment District property.
    For more info, click here
    • Event Sales
    • Address 1375 Broadway
    • Neighborhood Garment District
    • Borough Manhattan
    • Price $ 435,000,000
    • Publication Date 07/17/2020
    • Event Date 07/14/2020
    • Party 1 Westbrook Partners
    • Party 1 Brokerage Cushman & Wakefield
    • Party 1 Broker Adam Spies, Doug Harmon, Josh King, Adam Doneger, Kevin Donner, Marcella Fasulo
    • Party 2 Savanna
    notes
    The buyer acquired the Garment District property for $435 million.
    For more info, click here
    • Event Office Leasing
    • Address 19 West 44th Street
    • Neighborhood Grand Central
    • Borough Manhattan
    • Square feet 18,017
    • Publication Date 02/07/2020
    • Event Date 02/05/2020
    • Party 1 Savanna
    • Party 1 Brokerage JLL
    • Party 1 Broker Mitchell Konsker, Ben Bass, Barbara Winter, Kip Orban
    • Party 2 Alteryx
    • Party 2 Brokerage Cushman & Wakefield
    • Party 2 Broker Steve Billigmeier, Sebastian Infante
    notes
    The data analytics firm inked a 7-year lease for the Grand Central building.
    For more info, click here
    • Event Sales
    • Address 434 Broadway
    • Neighborhood Soho
    • Borough Manhattan
    • Square feet 52,065
    • Price $ 98,000,000
    • Publication Date 01/17/2020
    • Event Date 01/17/2020
    • Party 1 Savanna
    • Party 1 Brokerage Newmark Knight Frank
    • Party 1 Broker Brett Siegel, Evan Layne
    • Party 2 Tokyo Trust Capital
    • Party 2 Brokerage Newmark Knight Frank
    • Party 2 Broker Brett Siegel, Evan Layne
    notes
    The buyer secured the Soho property for $98 million.
    For more info, click here
    • Event Financing
    • Address One Court Square
    • Neighborhood Long Island City
    • Borough Queens
    • Price $ 880,000,000
    • Publication Date 01/10/2020
    • Event Date 01/04/2020
    • Party 1 Savanna
    • Party 1 Brokerage Cushman & Wakefield, JLL
    • Party 1 Broker Adam Spies, Doug Harmon, Marcella Fasulo, Adam Doneger, Josh King, Kellogg Gaines, Aaron Neidermayer, Brian Buglione
    • Party 2 Apollo Global Management, SL Green Realty, Junius Real Estate Partners
    notes
    The owner secured a loan of $880 million for the Long Island City property.
    For more info, click here
    • Event Sales
    • Address 2417 3rd Avenue
    • Neighborhood Mott Haven
    • Borough Bronx
    • Price $ 65,000,000
    • Publication Date 12/27/2019
    • Event Date 12/23/2019
    • Party 1 Savanna
    • Party 2 ZG Capital
    • Party 2 Brokerage Cushman & Wakefield
    notes
    The buyer acquired the Mott Haven property for $65 million.
    For more info, click here
    • Event Retail Leasing
    • Address 31 West 27th Street
    • Neighborhood Nomad
    • Borough Manhattan
    • Square feet 39,025
    • Publication Date 10/04/2019
    • Event Date 10/03/2019
    • Party 1 Savanna
    • Party 2 Equinox
    notes
    The gym inked a lease for the Nomad space.
    For more info, click here
    • Event Office Leasing
    • Address 2417 Third Avenue
    • Neighborhood Mott Haven
    • Borough Bronx
    • Square feet 9,903
    • Publication Date 06/28/2019
    • Event Date 06/25/2019
    • Party 1 Savanna, Hornig Capital Partners
    • Party 1 Brokerage Cushman & Wakefield, JRT Realty
    • Party 1 Broker Mitch Arkin, Miles Fennon, Omar Sozkesen, Ellen israel
    • Party 2 Grant Associates
    • Party 2 Brokerage ABS Partners Real Estate
    • Party 2 Broker Andy Udis, Alison Miller
    notes
    The recruiting agency signed a 5-year lease for the Mott Haven building.
    For more info, click here
    • Event Office Leasing
    • Address One Court Square
    • Neighborhood Long Island City
    • Borough Queens
    • Square feet 103,133
    • Publication Date 06/28/2019
    • Event Date 06/24/2019
    • Party 1 Savanna
    • Party 1 Brokerage JLL
    • Party 1 Broker Mitchell Konsker, Matthew Astrachan, Michael Berg, Daniel Turkewitz, Clark Finney
    • Party 2 Altice
    notes
    The cable company inked a lease for the Long Island City space.
    For more info, click here
    • Event Office Leasing
    • Address 110 William Street
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 80,650
    • Publication Date 05/02/2019
    • Event Date 05/02/2019
    • Party 1 Savanna, KBS Capital Advisors
    • Party 1 Brokerage Newmark Knight Frank
    • Party 1 Broker Hal Stein, Todd Stracci, Travis Wilson
    • Party 2 Knotel
    • Party 2 Brokerage Newmark Knight Frank
    • Party 2 Broker Greg DiGioia, Michael Morris
    notes
    The flexible office provider signed a deal to expand its lease for the Financial District space.
    For more info, click here
    • Event Office Leasing
    • Address 2417 Third Avenue
    • Neighborhood Mott Haven
    • Borough Bronx
    • Square feet 40,481
    notes
    The catering company inked a 20-year lease for the Mott Haven space.
    For more info, click here
    • Event Sales
    • Address 48 West 25th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 97,554
    • Price $ 90,000,000
    • Publication Date 12/23/2018
    • Event Date 12/17/2018
    • Party 1 Klapper family
    • Party 2 Savanna
    notes
    The buyer bought the Chelsea property for $90 million.
    For more info, click here
    • Event Office Leasing
    • Address 31 West 27th Street
    • Neighborhood Nomad
    • Borough Manhattan
    • Square feet 17,112
    notes
    The architect signed a deal to renew its lease for the Nomad location.
    For more info, click here
    • Event Financing
    • Address 48 West 25th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 97,554
    • Price $ 47,900,000
    • Publication Date 12/23/2018
    • Event Date 12/17/2018
    • Party 1 Savanna
    • Party 2 Mesa West Capital
    notes
    The buyer secured an acquisition loan of $47.9 million for the Chelsea property.
    For more info, click here
    • Event Office Leasing
    • Address 19 West 44th Street
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 11,000
    • Publication Date 12/16/2018
    • Event Date 12/13/2018
    • Party 1 Savanna
    • Party 1 Brokerage JLL
    • Party 1 Broker Mitch Konsker, Ben Bass, Barbara Winter, Kip Orban
    • Party 2 Harman
    • Party 2 Brokerage Savills Studley
    • Party 2 Broker Christopher Foerch, Marcus Arredondo
    notes
    The design and engineering firm inked a lease for the Midtown building.
    For more info, click here
    • Event Office Leasing
    • Address 31 West 27th Street
    • Neighborhood Flatiron
    • Borough Manhattan
    • Square feet 6,044
    notes
    The co-working firm signed a lease for the Flatiron space.
    For more info, click here
    • Event Office Leasing
    • Address 19 West 44th Street
    • Neighborhood Grand Central
    • Borough Manhattan
    • Square feet 5,629
    • Publication Date 10/22/2018
    • Event Date 10/15/2018
    • Party 1 Savanna
    • Party 1 Brokerage JLL
    • Party 1 Broker Barbara Winter, Ben Bass, Kip Orban
    • Party 2 Ramco Properties
    • Party 2 Brokerage CBRE
    • Party 2 Broker Sarah Pontius, Alex D'Amario
    notes
    The brokerage signed a lease for the Grand Central building.
    For more info, click here
    • Event Retail Leasing
    • Address 434 Broadway
    • Neighborhood Soho
    • Borough Manhattan
    • Square feet 7,121
    • Publication Date 08/20/2018
    • Event Date 08/14/2018
    • Party 1 Savanna
    • Party 1 Brokerage Cushman & Wakefield
    • Party 1 Broker Andrew Kahn, Christian Stanton
    • Party 2 Champion
    • Party 2 Brokerage Cushman & Wakefield
    • Party 2 Broker Jim Downey
    notes
    The athletic apparel company inked a lease for the Soho location.
    For more info, click here
    • Event Sales
    • Address 540 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 167,000
    • Price $ 257,000,000
    notes
    The buyer acquired the Chelsea property for $257 million.
    For more info, click here
    • Event Office Leasing
    • Address 540 West 26th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 67,100
    • Publication Date 07/16/2018
    • Event Date 07/13/2018
    • Party 1 Savanna Real Estate Funds
    • Party 2 Roc Nation
    notes
    The entertainment company inked a lease for the Chelsea space.
    For more info, click here
    • Event Financing
    • Address 5 Bryant Park
    • Neighborhood Times Square
    • Borough Manhattan
    • Square feet 682,988
    • Price $ 463,000,000
    notes
    The buyer secured a financing loan of $463 million to purchase a Manhattan property.
    For more info, click here
    • Event Sales
    • Address 5 Bryant Park
    • Neighborhood Times Square
    • Borough Manhattan
    • Square feet 682,988
    • Price $ 640,000,000
    notes
    The buyer secured the Times Square property for $640 million.
    For more info, click here
    • Event Office Leasing
    • Address 31 West 27th Street
    • Neighborhood Chelsea
    • Borough Manhattan
    • Square feet 23,000
    notes
    The flexible-office company inked a 7-year lease for the 4th and 10th floors of the Chelsea building.
    For more info, click here
    • Event Office Leasing
    • Address 2417 Third Avenue
    • Neighborhood Mott Haven
    • Borough Bronx
    • Square feet 8,645
    notes
    The semiconductor technology startup inked a lease in Mott Haven.
    For more info, click here
    • Event Sales
    • Address 95 Evergreen Avenue
    • Neighborhood Bushwick
    • Borough Brooklyn
    • Square feet 153,000
    • Price $ 81,300,000
    notes
    The buyer secured the Bushwick property for $81.3 million.
    To see all, go to Advanced Search
    415 Eighth Avenue
    Manhattan, 10001
    SAVANNA REAL ESTATE INVESTMENT, 415 EIGHTH AVE INVESTORS LLC
    ...
    540 West 26th Street
    Manhattan, 10001
    SAVANNA FUND
    ...
    540 West 26th Street
    Manhattan, 10001
    SAVANNA FUND
    This property is a new development. The developer(s) filed plans in January of...
    415 8th Avenue
    Manhattan, 10001
    SAVANNA REAL ESTATE INVESTMENT, 415 EIGHTH AVE INVESTORS LLC
    This property is a new development. The developer(s) filed plans in March of...
    415 8th Avenue
    Manhattan, 10001
    SAVANNA REAL ESTATE INVESTMENT, 415 EIGHTH AVE INVESTORS LLC
    ...
    270 Flatbush Avenue Ext
    Brooklyn, 11201
    385 GOLD PROPERTY INVESTORS IIA, LLC
    270 Flatbush Avenue Ext is a 44,000 square foot property built in 1919...
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    Manhattan, 10032
    Lantern Organization, SAVANNA HDFC
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    Brooklyn, 11206
    EPC HOLDINGS 840 LLC
    ...
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    Bronx, 10451
    SOBRO LOFTS LLC
    ...
    The Spears Building
    Manhattan, 10011
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    ...
    141 Fifth Avenue
    Manhattan, 10010
    Savanna, 141 ACQUISITION ASSOCIATES LLC
    The sponsor(s) filed plans on 03/31/06 for a condo project at 141 Fifth...
    444 West 163rd Street
    Manhattan, 10032
    LANTERN ORGANIZATION, SAVANNA HDFC
    This property is a new development. The developer(s) filed plans in May of...
    125 North 10th Street
    Brooklyn, 11249
    Savanna Partners, 125NORTH10, LLC
    The sponsor(s) filed plans on 12/13/06 for a condo project at 125 North...
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    Manhattan, 10019
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    Queens, 11101
    JAMESTOWN 47TH AVENUE, L.P.
    31-00 47th Avenue is a massive, industrial-style office building covering an entire square...
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    Queens, 11101
    WATERBRIDGE COURT SQU
    One Court Square is a 51-story office tower in Long Island City, Queens,...
    110 William Street
    Manhattan, 10038
    KBS SOR SREF III 110
    The building at 110 William Street is an office building in Manhattans financial...
    434 Broadway
    Manhattan, 10013
    434 BROADWAY PROPERTY
    The building at 434 Broadway has seen a number of owners over the...

    These are NYC’s top investment sales firms
    02/11/2019
    From left: Aaron Jungreis, Roy March, Doug Harmon, Darcy Stacom and Andrew Scandalios It had been a long two years, but the city’s investment sales From left: Aaron Jungreis, Roy March, Doug Harmon, Darcy Stacom and Andrew Scandalios It had been a long two years, but the city’s investment sales...

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    09/22/2016
    From left: Coach CEO Victor Luis and a rendering of 10 Hudson Yards, WeWork CEO Adam Neumann and 12 East 49th Street Coach once owned From left: Coach CEO Victor Luis and a rendering of 10 Hudson Yards, WeWork CEO Adam Neumann and 12 East 49th Street Coach once owned...

    Eastdil, Meridian tighten lock on NYC mortgage brokerage world
    05/01/2016
    The firm’s largest deal last year was the $121 million refinancing of several Stellar Management apartment buildings. RM Capital â€' headed by Marc Sznajderman and Romano Tio â€' placed one large loan last year totaling $115 million from Deutsche Bank for Savanna and the Silvermintz family’s commercial development project at 540 West 26th Street in Chelsea...

    The Bronx hits (new) tipping point
    09/01/2015
    In addition to Chetrit and Somerset’s development, smaller deals are also popping up in Mott Haven, such as real estate investment firm Savanna and Hornig Capital Partners’ eight-story loft project at 2415 Third Avenue...

    Private equity’s new game plan
    05/01/2015
    In the years following the financial crisis, private funds such as Blackstone, Rockpoint Group and Savanna were among the few players with money to spend...

    Who’s heading to housing court?
    01/02/2015
    Nonetheless, very few landlords had rates that high. For example, Savanna and L&M Development Partners, which in 2012 purchased the Savoy, a 1,802-unit complex of buildings in Harlem, for $82 million, had a rate of 4.8 percent there...

    The ‘quietest borough’ is making some noise
    10/01/2014
    Also among the recent deals is the planned sale of One Court Square, the Citigroup building. Savanna, a real estate private equity firm, reached an agreement to buy a controlling interest in the 1.5-million-square foot office tower in Long Island City during the summer, but it did not make TRD’s list, because it does not appear appear as closed in city records...

    Twitter, Spotify, Mashable among January’s high-wattage lease signings
    02/01/2014
    Twitter committed to more than 140,000 square feet at Savanna’s 245-249 West 17th Street, located between Seventh and Eighth avenues...

    Retail’s ‘crystal ceiling’
    01/01/2014
    “Literally, they walked into the space and said, ‘We want this deal,’ ” said Newmark’s Roseman, who represented landlord Savanna...

    FiDi investors change their tune
    10/01/2013
    In August, Northwood Investors paid $150 million to buy the 380,000-square-foot office building at 100 Broadway from Meadow Partners and Madison Capital. Also this summer, California-based private equity firm CIM Group acquired 335,000-square-foot 5 Hanover Square from institutional real estate private equity firm Savanna, while the investment advisory firm Emmes Asset Management agreed to pay $154 million for Melohn Properties’ 180 Water Street, a 509,000-square-foot tower...

    No optimism in office leasing
    06/03/2013
    Just two years ago, real estate investment company Savanna owned the building and was charging rent rates in the mid-$40s range, data from CoStar revealed...

    2012’s biggest money makers
    12/01/2012
    The wily opportunistic investment fund Savanna, founded in 1992 and led by comanaging partners Christopher Schlank and Nicholas Bienstock, purchased 386 Park Avenue South in 2010, when many investors were too cautious to make a move...

    Office market chugs along
    12/01/2012
    For instance, Newmark Grubb Knight Frank brokers listed 255,000 square feet in two adjacent buildings that investment firm Savanna acquired in November at 245-249 West 17th Street...

    The top up-and-coming buyers
    10/01/2010
    But there are other companies, such as Irving Langer’s little-known Rainbow Estates Group in Brooklyn and Savanna Partners in Midtown, which have also been on a tear, acquiring properties in Manhattan and the boroughs â€' often with little fanfare...
    415 Eighth Avenue
    Manhattan, 10001
    SAVANNA REAL ESTATE INVESTMENT, 415 EIGHTH AVE INVESTORS LLC
    ...
    540 West 26th Street
    Manhattan, 10001
    SAVANNA FUND
    ...
    540 West 26th Street
    Manhattan, 10001
    SAVANNA FUND
    This property is a new development. The developer(s) filed plans in January of...
    415 8th Avenue
    Manhattan, 10001
    SAVANNA REAL ESTATE INVESTMENT, 415 EIGHTH AVE INVESTORS LLC
    This property is a new development. The developer(s) filed plans in March of...
    444 West 163rd Street
    Manhattan, 10032
    Lantern Organization, SAVANNA HDFC
    444 West 163rd Street is a 67,145 square foot property in the Washington...
    444 West 163rd Street
    Manhattan, 10032
    LANTERN ORGANIZATION, SAVANNA HDFC
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    106 West 56th Street
    Manhattan, 10019
    Savannah, SAVANNA
    This property is a new development. The developer(s) filed plans in March of...