Nicholas Bienstock
Co-Chairman And Ceo
Savanna
Savanna NYC portfolio
$1.3 billion* – office 99.0%, O4 0.0%; Manhattan 81.0%, Brooklyn 18.0%
130th largest portfolio by dollar value
1,760,126 sqft – office 81%, O4 18%;
180th largest by SF
10 properties – Manhattan 70%, Brooklyn 30%
812th largest
4 foreclosures, 0 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Buyer signatory: 2 for $340 million
Seller signatory: 4 for $324 million
Borrower signatory: 1 for $0
Top Ten Associated Companies:
TPG Real Estate Partners (1), George Maragos (1), Cirrus Real Estate Partners (1), Cottonwood Management (1), AmTrust Realty (1), Columbia Property Trust (1), PIMCO (1), Sentry Realty (1), 60 Guilders (1), Invesco (1)
Top Ten Associated People:
Matthew Coleman (1), George Maragos (1), Joseph McDonnell (1), Jonathan Bennett (1), Adam Frazier (1), Joseph Mamrout (1), Jaime Kelley (1)
Recent activity as signatory:
• Invesco sold 430 West 15th Street, Chelsea, Manhattan for $85 million to Savanna on February 21, 2025.
• 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 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 $105 million from Cottonwood Management for 106 West 56th Street, Midtown, Manhattan on September 23, 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)