July 23, 2015
NEW YORK — Hunton & Williams LLP represented Savanna, a New York-based real estate private equity and asset management firm, in the sale of 100 Wall Street in Lower Manhattan to Cornerstone Real Estate Advisors for $275 million. Savanna acquired the Class A, 29-story office building located in 2011 and had made significant capital improvements during its ownership.
The legal team representing Savanna was led by partner Laurie A. Grasso and included Susan L. Saslow and Ian J. Group.
Read more in the following media reports.
“Cornerstone borrows $137M for 100 Wall purchase,” Real Estate Weekly, July 22, 2015.
“Savanna Sells 100 Wall Street to Cornerstone Real Estate Advisers,” REBusinessOnline, July 22, 2015.
“Savanna Sells 100 Wall Street in Manhattan,” CoStar, July 15, 2015
“Cornerstone Snaps Up 100 Wall St.,” GlobeSt., July 15, 2015.