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.
- ◦Lease