Savanna Acquires Office Building In Midtown Manhattan For $126M

The office property located at 31 West 27th Street in Manhattan, New York was recently sold in a closed transaction. The property spans across 144,000 square feet and was purchased for a total price of $126,000,000, resulting in an average price per square foot of $875. The seller of the property was Westbrook Partners, who had previously acquired it in 2014 for $80.8 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $126,000,000
• Address: 31 West 27th Street, New York
• Market: Manhattan

The buyer of this office property was Savanna, represented by Chris Schlank. The deal was facilitated by brokers Will Silverman, Paul Gillett, and Daniel Parker from HODGES.