May 29, 2019
Hunton Andrews Kurth’s team of Laurie Grasso, Susan Saslow, Doug Hoffmann and Michal Baum represented Savanna in the $381 million purchase of 521 Fifth Avenue, a 39-story office tower in Midtown Manhattan, one block from Grand Central Terminal. Built in 1929, the tower is LEED Gold-certified and Energy Star-rated, but Savanna plans to make significant capital improvements to the asset. Read more below.
Savanna buys 521 Fifth Ave., plans fresh leasing campaign, Real Estate Weekly, May 28, 2019
Savanna Acquires Lefcourt National Building for $381M, GlobeSt, May 28, 2019.
Savanna Acquires Office Tower in Midtown Manhattan for $381M, REBusinessOnline, May 28, 2019.
Savanna Acquires 521 Fifth Avenue For $381M; Plans Capital Improvement And Leasing Campaign, citybizlist, May 28, 2019.
Savanna Snaps Up 521 Fifth from SL Green JV, Connect New York, May 29, 2019.