Savanna Leases 30,622 sq-ft of Office Space on Lexington Avenue
New York-based real estate investment manager Savanna has leased 30,622 square feet of office space to Webster Bank at 360 Lexington Avenue, a 268,383-square-foot, 24-story office tower in Midtown Manhattan.
Webster Bank took an additional 8,100 square feet and extended the term on its existing 22,522 space, and will now occupy two full floors as Savanna puts the finishing touches on a $20 million capital improvement plan for the building.
“The Webster expansion deal is one of several significant transactions since Savanna took ownership of the property,” said Linhadley Eljach, Vice President at Savanna. “We’ve seen strong leasing activity at 360 Lexington, which underscores the appeal of the property’s stellar location, wellness features, and strategic improvements.”
Located on the northwest corner of Lexington Avenue and East 40th Street in Midtown Manhattan, 360 Lexington offers a prime location two blocks from Grand Central Terminal and within easy walking distance of Bryant Park and 10 subway lines.
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