Plaza Construction, has signed a 10-year lease for 14,405 SF at Savanna’s 360 Lexington Avenue, according to CO. The construction management firm is currently located nearby at 1065 Avenue of the Americas, but wanted to downsize its space.
- Be Smart: Asking rents in the building range between $51 to $63 per SF. Other tenants include Webster Bank, law firm Ganfer & Shore and, ad agency MMGY Global.
- Flashback: Savanna bought the property last year from AEW Capital Management for $180 million, and started a $20 million capital improvement plan that includes renovating the lobby, infrastructure upgrades, and adding pre-built office space. [CO]