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Deals & Dealmakers

Cloud co. takes last full floor at 1375 B’way

1375 BROADWAY

Savanna, the New York-based real estate private equity and asset management firm, announced that Smartling, Inc. has signed a new lease at 1375 Broadway for the entire 14th floor, totaling 22,204 s/f.

In the past six months, Savanna has leased all full-floor vacancies at the building, representing a total of nearly 90,000 s/f.

Smartling, Inc., the cloud-based enterprise translation management company, helps companies manage all translation requirements to ensure global online and offline contentis up-to-date and in the native language of every region.

1375 Broadway is a 508,000 s/f office building located on the northwest corner of 37th Street and Broadway. Savanna completed a major capital improvement plan at the building in 2012 which included a fully renovated lobby and entrance, new storefronts, and a restored façade.

“We are excited to welcome Smartling to 1375 Broadway,” said Cooper Kramer, vice president at Savanna. “Savanna’s renovations have transformed the building into a leading destination for tenants who are seeking a price alternative to both Midtown and Midtown South. We have seen strong interest from tenants attracted to 1375 Broadway due to its pre-war façade, modern lobby and prime location near numerous transportation options.”

Marty Meyer and Eric Meyer represented Savanna in the lease transaction, while Eric Ferriello and Robert Tunis, also of Colliers, represented the tenant.

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