American Exchange Group is adding another office property to its portfolio. This time the fashion designer has acquired 1375 Broadway in Midtown South, Manhattan, and is being financed via a $200 million note from Sail Harbor Capital, which originally bought the note for the property in August, according to a report from the Commercial Observer.

The deal is allowing New York-based Savanna to continue to operate the 511,006-square-foot building and it's unclear if that will change in the future.

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