{"id":1004229168,"date":"2018-05-11T06:32:05","date_gmt":"2018-05-11T14:32:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004229168"},"modified":"2022-12-09T01:55:43","modified_gmt":"2022-12-09T09:55:43","slug":"savanna-inks-23-ksf-manhattan-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/savanna-inks-23-ksf-manhattan-lease\/","title":{"rendered":"Savanna Inks 23 KSF Manhattan Lease"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004229170\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/31-W.-27th-St.-Manhattan.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004229170\" data-attachment-id=\"1004229170\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/savanna-inks-23-ksf-manhattan-lease\/31-w-27th-st-manhattan\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/31-W.-27th-St.-Manhattan.jpg\" data-orig-size=\"400,310\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"31 W. 27th St., Manhattan\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;31 W. 27th St., Manhattan&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/31-W.-27th-St.-Manhattan.jpg?w=400\" class=\"wp-image-1004229170 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/31-W.-27th-St.-Manhattan.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/31-W.-27th-St.-Manhattan.jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/31-W.-27th-St.-Manhattan.jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004229170\" class=\"wp-caption-text\">31 W. 27th St., Manhattan<\/p><\/div>\n<p>Workspace provider Knotel has signed a seven-year lease with Savanna to occupy 23,000 square feet of space at 31 W. 27th St. in Manhattan&#8217;s NoMad District.<\/p>\n<p>The 12-story property comprises 144,500 square feet of office and retail space between Broadway and Sixth Avenue. The Beaux-Arts style asset was built in 1910 and is a loft-style building. Current features include open floorplates of 11,578 square feet, bright lighting and 12- to 14-foot barrel-arched ceilings. The property offers easy access to 12 subway lines, the PATH train and Penn Station.<\/p>\n<p>CBRE&#8217;s Paul Amrich, Neil King and Patrice Meagher represented Savanna in the deal. Newmark Knight Frank&#8217;s Michael Morris and Greg Digioia represented the tenant.<\/p>\n<h2>Capital Improvements<\/h2>\n<p><em>\u201c31 West 27th Street offers a rare combination of attributes\u2014an incredibly strong location in one of Manhattan\u2019s best office neighborhoods, and a historic look and feel that tenants desire,\u201d<\/em> said Brian Reiver, managing director of Savanna, in prepared remarks.<em> \u201cKnotel\u2019s commitment speaks to the property\u2019s allure to tenants across industries, which we believe will be even further strengthened by the improvements Savanna is making to the building.\u201d\u00a0<\/em><\/p>\n<p>The owner plans to renovate the lobby,\u00a0fa\u00e7ade, sidewalk vault, building systems and roof. Savanna will also be repositioning the retail storefront to increase street presence.<\/p>\n<p>The firm has been busy renovating and leasing up several of its Manhattan office properties. In March, Savanna <a href=\"https:\/\/www.commercialsearch.com\/news\/carver-bank-relocates-manhattan-hq\/\">signed a 20,000-square-foot lease<\/a> with Carver Federal Savings Bank, which will relocate to the Lee Building in Harlem. That property also underwent an extensive renovation program, which included improvements to the fa\u00e7ade, sidewalks, retail storefront, lobby and entrance, bathrooms, windows, as well as HVAC and electrical upgrades.<\/p>\n<p><em>Image courtesy of Savanna\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company signed workspace provider Knotel to a seven-year lease at 31 W. 27th St. in the NoMad District, which is currently undergoing a massive capital improvements plan. <\/p>\n","protected":false},"author":746,"featured_media":1004229170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21783,1600,21742,10,21747],"tags":[32789,40336,36007,38018],"class_list":["post-1004229168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-investment","category-new-york","category-latest","category-northeast","category-office","tag-cbre","tag-michael-morris","tag-newmark-knight-frank","tag-savanna"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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