SAVANNA, MONDAY SELL 386 PARK AVENUE SOUTH

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NEW YORK CITY — Savanna and Monday Properties have completed the sale of 386 Park Avenue South, a 20-story art deco office building in Manhattan's Midtown South district. Savanna acquired a majority stake in the property for $44.2 million in 2010 and launched a $30 million capital improvement plan the following year. Eastdil Secured represented the sellers in the transaction.

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