Savanna Acquires Office Building On Lexington Avenue For $180M

The office property located at 360 Lexington Avenue in Midtown East has been sold for $180,000,000. The building spans across 262,605 square feet, resulting in a price per square foot of $685.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $180,000,000
• Square Footage: 262,605
• Price Per Square Foot: $685

Savanna has acquired the property from AEW Capital. @WebsterBank is the tenant occupying this office space. Notably, AEW Capital had purchased the property in 2008 for $129.5 million.