Savanna acquires 100 Wall Street

New York-based real estate private equity firm Savanna acquired 100 Wall Street from Lehman Brothers Holdings through a UCC foreclosure auction, the company announced today. The 29-story, 504,000-square-foot office building is 77 percent occupied, and lists law firm Harris Beach, the Bank of Taiwan and the New York Stock Exchange as tenants. Savanna hired Jones Lang LaSalle agents Mitchell Konsker, Scott Cahaly and Brian Reiver to market the remaining space. Savanna reportedly purchased the debt on the building in March from Prudential Real Estate with intent to take over the property if Lehman Brothers, the previous owners, defaulted. A source with knowledge of the deal told The Real Deal that Savanna assumed the $117 million senior loan and a $7.5 million mezzanine loan in the acquisition. Weil, Gotshal & Manges LLP, the legal team for Lehman Brothers Holdings, was not immediately available for comment. TRD