Savanna Closes $65M Sale of Penn Station Site

mk 121813 0235 Savanna Closes $65M Sale of Penn Station SiteSavanna Properties has sold off a development site at 415 Eighth Avenue for $65 million, and the new owner is slated to turn it into a residential building with a “significant retail component,” said Robert Knakal of Massey Knakal Realty Services, the lone broker in the deal.

The sale closed on March 24 and was filed with the city today. Read the full story at Commercial Observer.