Savanna completed the acquisition of 799 Broadway office building from Columbia Property Trust and Cannon Hill Capital Partners for $255m.

Savanna, a real estate investment manager, completed the acquisition of 799 Broadway office building from Columbia Property Trust, a real estate investment trust, and Cannon Hill Capital Partners, a real estate company, for $255m. "Savanna is pleased to announce the acquisition of 799 Broadway, a perfect addition to our portfolio of exceptional office assets. The newly built property is ideally positioned in the heart of Greenwich Village neighborhood, allowing tenants to benefit from a great location with a vibrant culture as well as a modern office space that emphasizes wellness. This building is also representative of the opportunities Savanna continues to pursue, acquiring some of the very best real estate in New York City at extraordinarily discounted prices given the current turbulence in the market. We look forward to leasing up both the retail and office space components of this state-of-the-art building that offers all of the post-Covid amenities needed to maintain a healthy daily working environment," Kerry Powers, Savanna Managing Director.