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New York & Tri-State  + Midtown New York  + Office  | 
Savanna has secured two news leases and a renewal/expansion at 521 Fifth Ave. in Midtown Manhattan

Savanna Inks Three Full-Floor Leases at 521 Fifth Ave. 

Savanna has finalized two new leases and a lease extension and expansion totaling 30,300 square feet at 521 Fifth Ave., its 498,711-square-foot, 39-story office building near Grand Central Terminal. 

A CBRE team of Peter Turchin, David Hollander, Tim Freydberg and Ben Joseph arranged the new leases on behalf of Savanna, which include the following:  

  • A 6,700-square-foot lease featuring newly built, high-end office space on the entire 34th floor for Arevon Energy, a leading energy renewable company. Joseph Genovesi and Christina Bicks with Savills represented Arevon.  
      
  • An 8,600-square-foot, 10-year lease for Teza Technologies, a global quantitative investment firm. Matthew Lorberbaum and Cooper Weisman with Newmark negotiated for Teza. The full-floor lease includes a large, usable terrace.  
  • Berkadia’s relocation to a larger floor at 521 Fifth with a new 15,000-square-foot lease and extension. JLL’s Clark Finney and Andrew F. Coe represented Berkadia. 

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Inside The Story

CBRE's Turchin

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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