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New York & Tri-State  + Midtown New York  + Office  |  September 29, 2021
521 5th Avenue Lobby Manhattan office
Paul Bubny
By: Paul Bubny

Savanna Secures Trio of Leases at 521 Fifth Ave.

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. 

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Inside The Story

Savanna

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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