NEW YORK CITY—New York-based real estate investment managementfirm Savanna today announced its acquisition of an office buildinglocated at 19 W. 44th Street. The property, referred to as theBerkeley Building, is an 18-story, 303,943-square-foot structurelocated between Fifth and Sixth avenues in the heart of Midtown.The seller was Deka Immobilien GmBH, the real estate investmentasset management branch of the Deka Group, a German bank.
The property sale price was $195 million, at $642 per squarefoot, according to Colliers International.
Originally constructed in 1916, with pre-war architecture, thebuilding has a historic masonry façade and entrance. It featuresoversized loft-style windows and outdoor terraces.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
