Nick Bienstock & Christopher Schlank Of Savanna Acquire Office Tower In Midtown Manhattan For $50M

The leasehold interest in the office tower at 444 Madison Avenue, located in Midtown Manhattan, was transacted at a sale price of $50 million. The property encompasses 475,000 square feet, reflecting a price per square foot of $105.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $50,000,000
• Address: 444 Madison Avenue
• Market: Midtown Manhattan
• Buyer: Nick Bienstock & Christopher Schlank - Savanna
• Seller: Paul Kazilionis - Westbrook Partners
• Brokers: Christopher Schlank, Adam Spies & Adam Doneger - Newmark
• SF: 475,000
• PPSF: $105

The transaction involved key individuals including Nick Bienstock and Christopher Schlank representing Savanna, along with Paul Kazilionis from Westbrook Partners overseeing the selling side. The deal was facilitated by brokers Christopher Schlank, Adam Spies, and Adam Doneger from Newmark, showcasing a collaborative effort in a short sale.