Savanna, the New York-based real estate private equity and asset management firm, announced that it completed 71 leasing transactions in its New York City portfolio in 2012, totaling over 500,000 s/f.
“These leases are indicative of the level of service and investment associated with Savanna’s properties across our New York City portfolio, as evidenced by the growing number of lease renewals, expansions and new leases. We thank the brokerage community for their continued support in these transactions and look forward to working together in 2013,” said Nicholas Bienstock, Managing Partner at Savanna.
Numerous leasing transactions were completed within Savanna’s 2012 New York City portfolio, which includes 80 Broad Street, 100 Wall Street, 5 Hanover Square, 2 Rector Street, 1375 Broadway, 21 Penn Plaza, 31 Penn Plaza, 15 East 26th Street, 576 Fifth Avenue, 465 Broadway, 245 West 17th Street and 249 West 17th Street.
Among the most notable transactions were the following:
80 Broad Street, a 36-story, 419,000 s/f multi-tenant office building located between Stone and Beaver Streets in the Financial District, was the most active property, with 21 leases signed in 2012.
McGivney & Kluger, P.C., an insurance defense firm, signed a lease expansion, occupying 22,000 s/f; Forte Capital Group, a securities trading firm, signed a new lease, occupying 10,210 s/f; Kenshoo Inc., a search marketing automated technology agency, signed a new lease, occupying 10,210 s/f; LearningExpress LLC, an online career and academic resource library, signed a new lease, occupying 8,695 s/f.
“With more than 70 transactions totaling over 500,000 s/f closed in 2012, we are confident in the continued strength of the New York City commercial office and retail market and demand for our properties,” added Bienstock.