NEW YORK CITY-Making yet another play in the Lower Manhattan office market, private equity and asset management firm Savanna has acquired a controlling interest in 2 Rector Street in partnership with Stellar Management, according to a joint statement from the two companies.

Data from Real Capital Analytics shows that Savanna initially acquired part of the $100 million first mortgage at a discount in 2007. In 2010 Savanna worked with Stellar to recapitalize the property, providing a $10 million mezzanine loan on the asset. Savanna recently worked with Stellar to buy out Stellar’s partners, including Lehman Brothers, acquiring a controlling stake in the property.

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