NEW YORK CITY—Savanna, in partnership with another New-York based firm, has acquired a controlling interest in One Court Square, a 1.5 million-square-foot Class A office and retail building in Long Island City occupied by Citibank. David Werner and his investor group, which sold the controlling interest, will remain a partner in the deal. was unable to find out the price of the sale at press time. However, industry data shows that Werner’s group paid over $480 million for the property two years ago, and Crain’s New York Business reports that in this most recent transaction, “the acquisition values the property significantly higher than when Werner bought it.”

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