Savanna Acquires Office Building In Garment District For $435M

The office building located at 1375 Broadway in the Garment District has been sold for a total price of $435,000,000. Spanning across 513,000 square feet, the property was purchased by Savanna.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $435,000,000
• Address: 1375 Broadway
• Market: Garment District
• Square Footage: 513,000

The deal was facilitated by Adam Spies, Doug Harmon, Adam Doneger, and Josh King from @CushWake, who represented the buyer. The seller of the property was Westbrook Partners.

It is worth noting that Savanna was also the original seller of the building to Westbrook Partners, highlighting their involvement in both sides of the transaction.