Savanna purchases 513,401 s/f office building at 1375 Broadway for $135 million; Estreich of Estreich & Co. reps leasehold owner; Heller of Studley reps fee owner
January 14, 2011


Savanna has purchased 1375 Broadway, a 513,401 s/f corner office building located on Broadway and 37th St., for $135 million. With this purchase, Savanna has acquired four N.Y.C. office buildings in 2010, totaling 1.4 million s/f, including 386 Park Ave. South, 5 Hanover Sq., 104 W. 40th St. and now 1375 Broadway. 
The company plans to launch a major capital improvement plan to upgrade the building, including installation of a new entrance and lobby, systems and façade upgrades, as well as other improvements.  ...

...Jon Estreich from Estreich & Co. represented the leasehold owner, and Woody Heller at Studley, represented the fee owner.  ...

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