Savanna dumps more office properties

Savanna is one of the most active players in the New York City office space these days, a narrative furthered by yet another investment sale. Chris Schlank and Nick Bienstock’s firm is in contract to sell a pair of properties around Madison Square Park to Kaufman Investments for a combined $125 million, the Commercial Observer reported. The properties include 24-28 West 25th Street (which is technically two buildings) and 48 West 25th Street. The deal is expected to close in the coming weeks with financing assistance from Rialto Capital. Eastdil Secured’s Gary Phillips and Will Silverman arranged the sale. The […]

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