Hunton & Williams LLP’s Laurie Grasso and Anthony Bonan Represent Savanna in $48M Acquisition in Harlem

In a deal valued at $48 million, Hunton & Williams LLP represented Savanna, a New York-based real estate private equity and asset management firm, in its acquisition of 1825 Park Avenue from Giscombe Realty Corp. The office and retail building is 12 stories with 135,000 square feet of space and is located in Harlem’s 125th Street corridor.

The legal team representing Savanna was led by real estate partners Laurie Grasso and Anthony Bonan.

Read more about this deal in the media coverage listed below.

Media Coverage

• Giscombe Realty Group sells 1825 Park Avenue to Savanna for $48 million, New York Real Estate Journal, January 19, 2016
• Giscombe Realty Sells Lee Bldg for $48M, CoStar, January 15, 2016
• Savanna Pays $48Mln for Harlem Office Building, Commercial Real Estate Direct, January 7, 2016
• Harlem Mixed-Use Building Changes Hands, GlobeSt.com, January 6, 2016
• Next to marrying my wife, buying the Lee Building was best decision I ever made, says Eugene Giscombe, Real Estate Weekly, January 6, 2016
• Savanna Closes on the Acquisition of 1825 Park Avenue in Harlem, CityBizlist, January 5, 2016