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Deals & Dealmakers

Savanna leases 580,000 s/f of New York portfolio

80 Broad Street

Savanna, a New York-based real estate private equity and asset management firm, announced that it completed 59 leasing transactions in its New York City portfolio in 2013, totaling more than 580,000 s/f.

80 Broad Street, the 36-story, 417,000 s/f FiDi office tower was the most active property, with the Newmark Grubb Knight Frank team of Hal Stein, Adam Leshowitz and Todd Stracci representing Savanna in 22 transactions.

Loyalkaspar, an entertainment branding agency, signed a new lease occupying 15,170s/f while Behavioral Ideas Lab, Inc., a nonprofit, and Mobotix Corp., a pioneer in network camera technology, both inked deals for chunks of space.


At 249 West 17th Street, the six-story, 145,000 s/f office and retail building in Chelsea, Room & Board, Inc., a modern, American-made home furnishings retailer, signed a new lease for its flagship Manhattan store occupying 60,062s/f. This transaction, in which Savanna was represented by Amy Zhen and Jeff Roseman of Newmark Grubb Knight Frank, was Manhattan’s second biggest retail deal of 2013.

At 1375 Broadway, Colliers International led a leasing effort that attracted Tarte Cosmetics to a 15,439 s/f and Smartling, Inc., a cloud company, for the 22,204 s/f.
Other significant deals includes TPG Planning & Design and Blink Fitness at 31 Penn Plaza; Aflac at 100 Wall Street and the relocation of Dewberry Engineers to 31 Penn Plaza. Additionally, El Al Israel Airlines is relocating from the 6th floor at 15 East 26th Street to 14,918 square feet on the 4th floor at 100 Wall Street.

Savanna sold 15 East 26th Street in December 2013 after repositioning the asset.

“The significant number of lease renewals, expansions and new leases is evidence of the brokerage and corporate communities’ confidence in Savanna properties,” said Nicholas Bienstock, managing partner at Savanna.

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