Savanna
Savanna portfolio
$345.4 million* – office 99%, O4 0%; Manhattan 92%, Brooklyn 7%
187th largest portfolio by dollar value
1,648,826 sqft – office 79%, O4 20%;
199th largest by SF
9 properties – Manhattan 66%, Brooklyn 33%
907th largest
4 foreclosures, 0 bankruptcies, 2 other court cases.
Company Activity past 24 months:
Buyer company: 1 for $255 million
Seller company: 4 for $324 million
Borrower company: 3 for $99.8 million
Top Ten Associated Companies:
Aareal Capital (2), PIMCO (2), ZG Capital Partners (1), Barclays (1), Cirrus Real Estate Partners (1), TPG Real Estate Partners (1), Alen Mamrout (1), George Maragos (1), SL Green Realty (1), Deutsche Pfandbriefbank (1)
Top Ten Associated People:
Jesse Suchoff (1), Margaret Laffler (1), Joseph McDonnell (1), Matthew Coleman (1), George Maragos (1), Diego Rico (1), Jonathan Bennett (1), Adam Frazier (1), Joseph Mamrout (1)
Recent activity as company:
• Savanna sold 1375 Broadway, Garment District, Manhattan for $200 million to Sentry Realty and 60 Guilders on December 31, 2024.
• Columbia Property Trust and PIMCO sold 799 Broadway, Greenwich Village, Manhattan for $255 million to Savanna on November 26, 2024.
• Savanna sold 360 Lexington Avenue, Grand Central, Manhattan for $65.5 million to AmTrust Realty on November 25, 2024.
• Savanna borrowed $0 from Alen Mamrout for 1375 Broadway, Garment District, Manhattan on August 16, 2024.
• Savanna sold 44-65 23rd Street, Long Island City, Queens for $2.3 million to George Maragos on June 24, 2024.
• Savanna sold 1825 Park Avenue, East Harlem, Manhattan for $56.2 million to TPG Real Estate Partners on December 18, 2023.
• Savanna borrowed $0 from Cirrus Real Estate Partners for 106 West 56th Street, Midtown West, Manhattan on November 29, 2023.
• Savanna borrowed $99.8 million from Aareal Capital for 31 West 27th Street, NoMad, Manhattan on March 08, 2023.
• Savanna borrowed $105 million from Cottonwood Management for 106 West 56th Street, Midtown, Manhattan on September 23, 2021.
• Savanna sold 25-01 Jackson Avenue, Long Island City, Queens for $0 to Target Corporation on July 01, 2021.
Latest Stories:
• Alen Mamrout, 60 Guilders, acquire 1375 Broadway in $200M deal (January 01, 2025)
• Sentry Realty refis debt on 1375 Broadway, after buying $200M note in August (December 27, 2024)
• Cirrus buys $105M note secured by Savanna Midtown West office building (November 30, 2023)
• PIMCO acquires Columbia Property Trust with 7 Manhattan assets valued at $1.4B (December 30, 2021)
Court Records:
Properties: