Savanna Acquires Office Building On Fifth Ave From SLGreen_Realty For $381M

Located at 521 Fifth Ave, an office property is currently under contract. The property spans an area of 460,000 square feet, with a price per square foot of $828. The transaction involves the purchase of the property by Savanna from the seller, SLGreen_Realty, for a total price of $381 million. The deal is being facilitated by brokers Darcy Stacom and Bill Shanahan from CBRE.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $381M
• Square Footage: 460,000
• Price per Square Foot: $828
• Buyer: Savanna
• Seller: SLGreen_Realty
• Brokers: Darcy Stacom - CBRE, Bill Shanahan - CBRE

The involvement of Savanna as the buyer, SLGreen_Realty as the seller, and Darcy Stacom and Bill Shanahan from CBRE as the brokers are key players in this real estate deal. The transaction is expected to be a significant move in the office property market.