Press Releases

September 29, 2021

Savanna Secures Trio of Leases at 521 Fifth Ave.

By: Paul Bubny

Savanna has secured three new leases totaling 20,175 square feet at 521 Fifth Ave., a 498,711- square-foot, 39-story office building located in close proximity to Grand Central Terminal. Ownership recently completed a capital improvement program at 521 Fifth, which it acquired in 2019.

A CBRE team of Peter Turchin, David Hollander, Tim Freydberg and Ben Joseph arranged the new leases on Savanna’s behalf. They included the following:

A 6,725-square-foot pre-built space with terrace for Quincannon Associates, a global ship brokerage company. Michael Goldman and Philip Weiss with Attentive RE represented Quincannon.

A 6,725-square-foot build-to-suit space for Bluestar BioAdvisors, a consulting firm for the life science industry. Caroline Collins and Ethan Silverstein with Cushman & Wakefield represented BlueStar.

A 6,725-square-foot build-to-suit space for Reevemark, a strategic communications firm.

Chris Corrinet and Joe D’Apice with CBRE represented Reevemark.