Savanna Acquires 5 Bryant Park Office Tower In Manhattan For $640M

5 Bryant Park, a 665,000 square foot office tower located at 1065 Sixth Avenue in Manhattan, was sold for a price of $640,000,000. The property was purchased at a rate of approximately $962 per square foot. The transaction involved the seller, Jonathan Gray from Blackstone, and the buyer, Chris Schlank and Nickolas Beinstock from Savanna. The deal was facilitated by a team from JLL led by [broker's name].

Summary of transaction details

• Property Type: Office Towers
• Transaction Amount: $640,000,000
• Address: 1065 Sixth Avenue
• City: New York
• Market: Manhattan
• Seller: @Blackstone – Jonathan Gray
• Buyer: Savanna – Chris Schlank and Nickolas Beinstock
• Broker: @JLL team led by [broker's name]

The acquisition of 5 Bryant Park marks a significant transaction in the Manhattan real estate market. The property, with its prime location and substantial square footage, offers great potential for the new owners, Chris Schlank and Nickolas Beinstock. Savanna's expertise in the commercial real estate sector is exemplified through this purchase. The deal was successfully brokered by the JLL team, showcasing their proficiency in facilitating high-value transactions in the industry.