Savanna's Korren handles 4,112 s/f lease renewal

Savanna Commercial Services, LLC signed a 4,112 s/f lease renewal at 104 West 40th St. to Virtual Service on a portion of the 10th floor for a four-year term. Todd Korren of Savanna represented the landlord, an affiliate of Savanna, while Paul Rhodes of Williamson, Picket & Gross represented the tenant. 104 West 40th St., is a 210,000 s/f, 20-story landmark class A office building located next to Bryant Park in Midtown Manhattan. Since 2007, building ownership has invested over $10 million in major base building upgrades, including a newly refurbished plaza entrance on 40th St., new elevator cabs, and a renovated lobby, including a commissioned modernist mural by Sarah Morris. Since acquiring the building in 2010, Savanna has built a marketing floor on the 4th floor, completed a full terrace on the 12,500-square-foot 7th floor, and designed and completed the 19th floor prebuilt suite. In addition, Savanna has launched a significant capital program that includes upgrades to the building HVAC system and the building envelope, along with the installation of full building sprinkler infrastructure.