Savanna | The Real Deal New York

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Savanna

430 Park Avenue, 12th Floor
New York, NY 10022
(212) 229-0101
Website
development@savannafund.com

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, and in August 2014 was served with two separate lawsuits from sites they were developing.

In 2006, they created Savanna Real Estate Fund I, LP, a discretionary institutional real estate private equity fund, and have accumulated around $2.3 billion in total capital across 11.9 million square feet of real estate property. Savanna has consistently achieved risk-adjusted returns at all points in the market cycle by targeting and investing in real estate in the Northeast Corridor.

The firm recently unveiled renderings for a nine-story commercial building at 540 West 26th Street in Chelsea, complete with a two-story at gallery. 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. 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.

-KM


06/19/17
...feet at the 1918 building, which is owned by Savanna and KBS Capital Advisors. A representative for Brookfield declined to comment. A spokesperson for...

06/15/17
...told the news website that the location is Savanna and Waterbridge Capital’s 1.5 million-square-foot Long Island City tower. A spokesperson for Altice declined...

06/13/17
...the private equity firm bought the building from Savanna for $310 million. Representatives for Westbrook and Credit Agricole could not be immediately reached for...

06/06/17
From LLNYC: This may be the perfect apartment for early risers. “Today” show anchor Savannah Guthrie and her husband, political consultant Michael Feldman, have listed their...

06/01/17
...One such case, against real estate investment firm Savanna and their 86-unit condo at 125 North 10th Street in Williamsburg, made its way to...

05/19/17
...Current reader favorites: 1. Savanna buying Midtown South office building for $126M 2. Boris Kuzinez takes the Fifth 3. Hundreds of...

05/17/17
...left: Westbrook's Sush Torgalkar, 31 West 27th Street and Savanna...

05/03/17
...from Israel - $205 million KBS Capital Advisors and Savanna recently obtained a $265 million loan package, consisting of a $205 million senior loan from Morgan...

04/18/17
...Madison Square West, Chris Schlank and Todd Rollins Savanna sold the retail condo at 10 Madison Square West for $97.5 million, three years after buying...

04/07/17
...Realty) 7. 106 West 56th Street, Manhattan Private equity firm Savanna hopes to build a 27-story boutique office building on Billionaires’ Row. The filing calls...

03/31/17
A 27-story boutique office building on Billionaire’s Row, $168 million in EB-5 funds secured by Extell Development and $300 million in real estate loans personally guaranteed by President Donald...

03/29/17
...to invest big in Manhattan retail since leaving Savanna Fund in 2013 to start his own firm. As of 2016, 60 Guilders had a $750 million property...

03/28/17
...City Realty, Click to enlarge) Private equity firm Savanna Fund filed a new building permit application Tuesday to construct a 27-story office tower...

03/16/17
...an off-campus dormitory on West 120th Street to Savanna for $96 million, and also sold a mixed-use multifamily-and-retail building at 3060 Broadway for $35.3 million to...

03/15/17
...was a 170-unit condominium project in Morningside Heights. Savanna’s residential project at 543 West 122nd Street is slated to span 315,674 square feet, making...

03/08/17
...Peter Bren (Credit: KBS) KBS Capital Advisors and Savanna secured a $265 million loan package to refinance the Downtown office building 110 William Street, according...

02/17/17
...to Ariel Property Advisors.  The biggest deal was Savanna’s $257.5 million purchase of the Falchi Building, a 658,000-square-foot office building in Long Island...

02/12/17
The pronunciation of Houston Street separates the tourists from the locals surer than a camera and a subway map. But the reason New Yorkers say...

02/08/17
...in Long Island City commercial properties. Last year, Savanna paid $257.5 million to Jamestown Properties to buy the Falchi Building, where the private equity...

02/08/17
...and Christopher Schlank Christopher Schlank and Nick Bienstock's Savanna submitted a "test the market" application for a 170-unit condominium project at 543 West 122nd...

01/18/17
...s headquarters at 245-249 West 17th Street from Savanna in 2014. The struggling REIT hired Eastdil in October 2015 to advise on potential strategic transactions...

01/15/17
Every winter, the small town of Wellington, in southeast Florida, experiences a tremendous influx of some of the wealthiest people in the world....

01/11/17
...Broadway in the Financial District Paramount Group and Savanna took a minority stake in Harbor Group International's 55 Broadway, in a deal that values...

01/07/17
A collection of high-design waterfront mansions may soon have you traveling north of Palm Beach. Tags: South Florida Real Estate...

12/06/16
...purchased the 20-story, 513,000-square-foot office building in 2015 from Savanna for $310 million. Savanna had paid less than half that — $135 million — in 2010 for the building...
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...
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...
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...
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...
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...
  • Event Office Leasing
  • Address 1825 Park Avenue
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 9,276
  • Price per foot $ 45.00
  • Publication Date 06/01/2017
  • Event Date 04/17/2017
  • Party 1 Savanna
  • Party 1 Brokerage JRT Realty, Cushman & Wakefield
  • Party 1 Broker Ellen Israel, Lauren Calandriello, Greg Smith; Mitchell Arkin, Omar Sozkesen
  • Party 2 NADAP Inc.
  • Party 2 Brokerage Norman Bobrow & Company
  • Party 2 Broker Joshua R. Berger, Alex Lubin
notes
The Career Compass Program signed a 6-year lease for part of the 5th floor at this historic building in Harlem.
  • Event Financing
  • Address 110 William Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 928,000
  • Price $ 264,700,000
  • Publication Date 05/01/2017
  • Event Date 03/06/2017
  • Party 1 KBS Capital Advisors and Savanna
  • Party 2 Morgan Stanley
notes
The entity secured a refinance loan of $264.7 million, consolidating a loan for $205 million and two others totaling $29.85 million.
  • Event Financing
  • Address 110 William Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 788,241
  • Price $ 265,000,000
  • Publication Date 04/01/2017
  • Event Date 02/15/2017
  • Party 1 KBS Capital Advisors, Savanna
  • Party 2 Morgan Stanley Mortgage Capital Holdings
notes
The company secured a $265 million in loans for the office property.
  • Event Sales
  • Address 55 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 346,000
  • Price $ 105,000,000
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 Harbor Group International
  • Party 2 Paramount Group, Savanna
notes
The partnership acquired a minority Preferred-Equity stake of $105 million in the office tower.
  • Event Sales
  • Address 31-00 47th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 568,000
  • Price $ 257,500,000
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 Jamestown
  • Party 2 Savanna
notes
The mixed-use office and retail property sold for $257.7 million.
  • Event Financing
  • Address 31-00 47th Avenue
  • Neighborhood Long Island City
  • Borough Queens
  • Square feet 568,000
  • Price $ 200,000,000
notes
The company secured a $200 million acquisition loan for its office property.
  • Event Financing
  • Address 436 Broadway
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 9
  • Price $ 66,200,000
  • Publication Date 01/01/2017
  • Event Date 11/17/2016
  • Party 1 Deutsche Bank
  • Party 2 Savanna Real Estate
notes
The company secured a $66.2 million refinance loan for its mixed-use property.
  • Event Retail Leasing
  • Address 434 Broadway
  • Neighborhood SoHo
  • Borough Manhattan
  • Square feet 5,800
notes
The Italian goods store signed a short-term lease.
  • Event Sales
  • Address 45 West 139th Street
  • Neighborhood East Harlem
  • Borough Manhattan
  • Price $ 315,000,000
notes
The multifamily residential building portfolio sold for $315 million.
  • Event Sales
  • Address 106 West 56th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 90,000
  • Price $ 48,700,000
  • Price per foot $ 541.11
  • Publication Date 04/01/2016
  • Event Date 02/15/2016
  • Party 1 America Press
  • Party 2 Savanna, Atom Assets
notes
The 36-story building sold for $48.7 million.
  • Event Financing
  • Address 1825 Park Avenue
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 135,000
  • Price $ 45,000,000
  • Publication Date 04/01/2016
  • Event Date 02/15/2016
  • Party 1 Savanna
  • Party 1 Brokerage Mission Capital Advisors
  • Party 1 Broker Jonathan More, Ari Hirt, Jamie Matheny
  • Party 2 TPG
notes
The company secured a $45 million loan.
  • Event Financing
  • Address 106 West 56th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 36,000
  • Price $ 40,400,000
notes
The company secured a $40.4 million loan.
  • Event Financing
  • Address 3080 Broadway
  • Neighborhood Harlem
  • Borough Manhattan
  • Square feet 250,000
  • Price $ 34,600,000
  • Publication Date 04/01/2016
  • Event Date 02/15/2016
  • Party 1 Savanna
  • Party 2 Pacific Western Bank
notes
The company secured a $34.6 million loan.
  • Event Office Leasing
  • Address 110 William Street
  • Neighborhood Seaport
  • Borough Manhattan
  • Square feet 11,410
notes
The company signed a lease for the entire 30th floor.
  • Event Office Leasing
  • Address 110 William Street
  • Neighborhood Seaport
  • Borough Manhattan
  • Square feet 10,969
notes
The company signed a lease for the entire 31st floor.
  • Event financing
  • Address 540 West 26th Street
  • Neighborhood West Chelsea
  • Borough Manhattan
  • Square feet 85,421
  • Price $ 115,000,000
  • Publication Date 11/01/2015
  • Event Date 09/22/2015
  • Party 1 Savanna, Silvermintz Family
  • Party 1 Brokerage RM Capital Management
  • Party 1 Broker Romano Tio, Marc Sznajderman, Steven Weiss
  • Party 2 Deutsche Bank
notes
The partnership secured $115 million of first mortgage construction financing.
  • Event Office Leasing
  • Address 110 William Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 4,475
  • Event Sales
  • Address 2417 Third Avenue
  • Neighborhood Mott Haven
  • Borough Bronx
  • Square feet 175,000
  • Price $ 31,000,000
  • Price per foot $ 177.14
  • Publication Date 04/01/2015
  • Event Date 02/20/2015
  • Party 1 Madhatters Realty
  • Party 1 Brokerage DY Realty Services
  • Party 1 Broker Jaber, Ruben Martinez
  • Party 2 Hornig Capital Partners and Savanna
  • Party 2 Brokerage DY Realty
  • Party 2 Broker Jaber, Ruben Martinez
notes
The office building sold for $31 million.
  • Event Sales
  • Address 461 West 14th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 24,682
  • Price $ 47,000,000
  • Price per foot $ 1,904.22
notes
The retail building sold for $47 million.
  • Event Sales
  • Address 540 West 26th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 24,700,000
  • Publication Date 11/01/2014
  • Event Date 09/17/2014
  • Party 1 293 Tenth Avenue
  • Party 2 Savanna
  • Event Office Leasing
  • Address 80 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 11,250
notes
The entertainment and design studio signed a 10-year lease for part of the 20th floor.
  • Event Sales
  • Address 110 William Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 928,000
  • Price $ 261,100,000
  • Price per foot $ 281.36
notes
The property sold for $261.1 million, or $281 per square foot.
  • Event Office Leasing
  • Address 80 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 4,765
notes
The marketing consultancy signed a new seven-year lease for part of the 21st floor.
  • Event Office Leasing
  • Address 80 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 2,240
notes
The forensic architectural firm signed a new seven-year lease for part of the 16th floor.
  • Event Office Leasing
  • Address 80 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 7,255
notes
The nonprofit signed a new seven-year lease on the 18th floor.
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09/22/16
...and Mental Hygiene took over 60,000 square feet at Savanna’s One Court Square tower in Long Island City. The department will sublease two...

...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...

...Mott Haven, such as real estate investment firm Savanna and Hornig Capital Partners’ eight-story loft project at 2415 Third Avenue. Meanwhile, a number of...

...private funds such as Blackstone, Rockpoint Group and Savanna were among the few players with money to spend. While banks and insurers were...

...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...

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...Twitter committed to more than 140,000 square feet at Savanna’s 245-249 West 17th Street, located between Seventh and Eighth avenues. The social networking...

...deal,’ ” said Newmark’s Roseman, who represented landlord Savanna. “There was none of the usual grandstanding.” Roseman declined to disclose the taking rent...

...Square from institutional real estate private equity firm Savanna, while the investment advisory firm Emmes Asset Management agreed to pay $154 million for Melohn...

...Just two years ago, real estate investment company Savanna owned the building and was charging rent rates in the mid-$40s range, data...

...is too high for the market.   Sellers: Savanna and Monday Properties Address: 386 Park Avenue South Total profit: $39.4 million Annual return on equity...

...feet in two adjacent buildings that investment firm Savanna acquired in November at 245-249 West 17th Street. Also, as TRD reported last month...

...s little-known Rainbow Estates Group in Brooklyn and Savanna Partners in Midtown, which have also been on a tear, acquiring properties in Manhattan...
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