NEW YORK CITY – Savanna, a New York-based real estate private equity and asset management firm, has purchased the 20,676-square-foot retail condominium at 10 Madison Square W. in New York City from The Witkoff Group and Morgan Stanley Real Estate Investing. The retail space, part of a 16-story building that The Witkoff Group and Morgan Stanley Real Estate Investing are currently redeveloping into 125 luxury residential condominiums, includes approximately 12,000 square feet of ground-floor space and 4,800 square feet of basement space. Adam Spies and Douglas Harmon of Eastdil Secured represented the seller in the transaction. Laurie Grasso of Hunton & Williams served as Savanna’s counsel in the acquisition. Located on the northwest corner of West 24th Street and Broadway, 10 Madison Square W. overlooks Madison Square Park. Amy Zhen and Jeffrey Roseman of Newmark Grubb Knight Frank will represent Savanna in its leasing effort.
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