Savanna Spends $60M On Madison Square West Retail

Law360, New York (February 19, 2014, 4:33 PM EST) -- Real estate private equity firm Savanna has acquired a 20,676-square-foot retail condominium at 10 Madison Square West in Manhattan from The Witkoff Group and a unit of Morgan Stanley for approximately $60 million, a person with knowledge of the deal confirmed Wednesday.

The building is in one of the city's most coveted retail locations, on the edge of Madison Square Park, where Savanna said it benefits from the foot traffic of nearby stores on Fifth Avenue and Broadway, including Italian market Eataly, which has more than...
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