Savanna, a Midtown Manhattan private equity firm, has wrapped up the purchase of a Chelsea office building for $90 million.
The real estate investment manager, led by Christopher Schlank and Nicholas Bienstock, is tapping into its $600 million fund to pay the price tag, according to The Real Deal.
Savanna also financed its purchase with a $47.9 million mortgage from Morgan Stanley’s Mesa West Capital. The package included a roughly $42.1 million gap mortgage, the report continued.
The building…
