Fried Frank acted as counsel to Savanna in connection with its US$257 million sale of 540 West 26th Street, also known as Chelsea 540, to Ramrock Real Estate. The property, located in the Hudson Yards neighborhood of New York City, is a nine-story, 164,000-square-foot mixed-use property, which is comprised of office space on the upper floors and a gallery and retail space on the ground floor.
Fried Frank previously represented Savanna in connection with (i) an approximately 70,000-square-foot, 18-year lease to Roc Nation for its headquarters and (ii) an approximately 85,000-square-foot lease to Avenues: The World School for its headquarters, both at 540 West 26th Street.
The Fried Frank team was led by real estate partner Ross Z. Silver and included real estate associates Brian Helweil and Joshua Katz.