5 Bryant Park in Midtown Manhattan
NEW YORK—The New York real estate investment firm Savanna has purchased 5 Bryant Park from Equity Office, an affiliate of Blackstone with its joint venture with Swig Company, for approximately $640 million, according to Real Capital Analytics.
Savanna secured $463 million in financing from Deutsche Bank. Originally built in 1957, the 34-story, 682,988 square-foot office and retail property is located on Sixth Ave. between W. 40th and W. 41st streets, directly overlooking Bryant Park. The retail space spans 38,306 square feet.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
