Savanna Acquires Office Building On Fifth Ave From SLGreen_Realty For $381M
521 Fifth Avenue
Office
460,000 SF
460,000 SF
Sold 1 year ago
Summary
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.
Players
All
3
Agents
2
Agencies
1
Details
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521 Fifth Avenue
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