SAVANNA SELLS $81M SENIOR NOTE ON THREE PROPERTIES
ARLINGTON, VA. — New York-based Savanna has completed the sale of a senior interest in a $157.7 million note secured by three office buildings, located in the Rosslyn section of Arlington. The first two buildings, located at 1000-1100 Wilson Blvd., are interconnected high-rise office towers totaling 1.1 million square feet. The third building, located at 1101 Wilson Blvd., is a 326,000-square-foot high-rise office property. The senior note was sold to Apollo Global Real Estate in the transaction, with Savanna retaining the $76.7 million junior note. The three buildings are part of a 10-building portfolio owned by a joint venture between Monday Properties and Goldman Sachs.