Lease Beat

Revenue Watch Institute Signs Lease at 80 Broad Street

80 Broad Street.

Revenue Watch Institute, a non-profit policy and grantmaking organization, has signed a seven-year lease for a 7,255-square-foot portion of the 18th floor at Savanna’s 80 Broad Street, Commercial Observer has learned. Asking rent for the space was in the high-$30s per square foot.

The nonprofit, which was represented in the transaction by Andrew Stein of Vicus Partners, will relocate its New York headquarters from the seventh floor of 1700 Broadway in approximately three months. Read More

Lease Beat

Savanna Signs Another New Tenant at 80 Broad Street

80 Broad Street

Indus Architect has signed a seven-year lease for a 2,240-square-foot portion of the 16th floor at Savanna’s 80 Broad Street, Commercial Observer has learned.

The tenant will relocate to the Financial District from the 12th floor of 225 West 39th Street immediately. Asking rent at 80 Broad Street ranges from $36 to $42 per square foot. Read More

Lease Beat

Spain-U.S. Chamber of Commerce Takes Space at 80 Broad Street

80 Broad Street

The Spain-U.S. Chamber of Commerce, a private nonprofit, has signed a 10-year, 3,540-square-foot lease for a portion of the 21st floor at Savanna’s 80 Broad Street.

Founded in 1959, The Spain-U.S. Chamber of Commerce was established with a mission to foster economic ties between Spain and the United States, namely promoting the expansion of bilateral trade and investment between the two countries. The organization, which is currently headquartered at the Empire State Building, signed its lease last week and is expected to take possession of its new space on April 1. Read More

Commercial Breaks

Savanna Closes 580K SF of Leasing in 2013

31 Penn Plaza

Real estate private equity firm Savanna closed over 580,000 square feet of leasing in its portfolio across 59 deals in 2013, The Commercial Observer has learned.

“The significant number of lease renewals, expansions and new leases is evidence of the brokerage and corporate communities’ confidence in Savanna properties,” said Nicholas Bienstock, managing partner at Savanna, in a prepared statement. “We thank the brokerage community for their continued support in these transactions and look forward to working together again in 2014.” Read More

Lease Beat

Nonprofit Young Survival Coalition Leads Pack of Leases at 80 Broad Street

80 Broad Street

The women’s advocacy group Young Survival Coalition signed the biggest of four leases announced at 80 Broad Street.

Andrew Stein of Vicus Partners represented the tenant, a nonprofit, in the 11-year, 5,720-square-foot deal. Hal Stein, Adam Leshowitz, and Todd Stracci of Newmark Grubb Knight Frank represented the landlord, Savanna. YSC will take up a portion of the 17th floor of the lower Manhattan tower. Read More

Lease Beat

Savanna Donates Space at 100 Wall Street for Artist Residency Program

100 Wall Street

Real estate private equity firm Savanna has donated space to the Lower Manhattan Cultural Council for its artist residency program for the second year in a row, it was announced earlier this week. LMCC will utilize 8,409 square feet at 100 Wall Street through summer 2013.

Last year, Savanna donated the entire 11,250-square-foot 21st floor at 80 Broad Street for LMCC’s use. The donated space is used as an incubator for dance, theatre, art and digital media. The organization will incubate up to 20 projects, according to Melissa Levin, director of cultural programs at LMCC. Read More

Lease Beat

LearningExpress Leases Space at 80 Broad Street

80 Broad Street, (photo: nest seekers).

Early last week, the online career and academic resource library, LearningExpress LLC, signed a three year, 8,695-square-foot lease at 80 Broad Street. Asking price was $32 per square foot, said Todd Korren, principal and director of leasing with the landlord, Savanna.

“80 Broad is a fully renovated building with redundant telecommunications infrastructure, 24/7 manned security, Read More

Lease Beat

Legal Solutions Group Expands at 80 Broad Street

Courtesy of Nest Seekers

Legal Solutions Group, LLC has inked a new deal with Savanna for its office in 80 Broad Street.

Founded by Gary Markham in 2005, the company has grown from a small bill review service into a business processing outsourcing and software company. The company provides litigation management products, service solutions, and performance tools and has Read More

Lease Beat

McGivney and Kluger Expand at 80 Broad Street

Courtesy of NYRej

McGivney and Kluger have inked an expansion deal on their lease at 80 Broad Street.

The insurance defense firm started in 1994 as a small law firm in Florham Park, New Jersey. It has since opened twelve offices across the nation in metropolitan regions such as Boston, Philadelphia, Fort Lauderdale, Syracuse, San Francisco, and, of Read More

Lease Beat

Educational Network Moving to 80 Broad Street

80 Broad Street

Educational Networks, Inc. will be moving from its office on John Street to Savanna’s 80 Broad Street.

The private educational services firm will move into a 5,790 square foot unit on the 25th floor of the building. The lease was set for six years.

Robert Corbi of Colliers International represented Educational Networks in the deal. Read More

Lease Beat

Digital First Media Moving to 5 Hanover

5 Hanover (Courtesy of NYInc.com)

The 300,000-square-foot building on 5 Hanover Square, owned by Savanna, will be the new home for Digital First Media.

Digital First Media will be occupying a 9,800-square-foot suite on the highest floor – 25th floor – in the building. “There will be no offices in the new environment,” said John Paton, CEO of Digital First Media.  Read More