NEW YORK CITY—Savanna has hired Robert Knakal'steam at Cushman & Wakefield to market OneCourt Square, an iconic 1.5 million square-foot Class A office andretail building in Long Island City, for sale. The 52-storyproperty—and its attached five-story low-rise annex building—isalso known as the Citicorp Building.

“We are excited to take on this assignment to market One CourtSquare,” says Robert Knakal, chair of NY investment sales. “NewYork City is the number one market for real estate investmentworldwide, and Long Island City is among the fastest growing andmost desirable markets for real estate investment in the Citytoday. We are confident that potential buyers will recognizethe in-place value and future upside of this iconic trophyproperty, which is the most prominent and visible building in thenow well-developed Long Island City submarket.”

One Court Square was built in 1989 and has served as missioncritical office space for Citibank since its completion. Thetower, which is the tallest structure in New York State outside ofManhattan, features highly efficient, 32,000-square-foot floorplates with state of the art layouts and infrastructure, andunparalleled views of the Manhattan skyline, Queens andBrooklyn. The property also offers tremendous transportationoptions, with direct access to the Court Square MTA subway stationvia the property's lower level, providing direct access to MidtownManhattan in less than five minutes.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.