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Savills Sets Up Shop in U.S.

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Savills, a London-based real estate services firm, has acquired Granite Partners LLC, a New York-based real estate investment banking company in a deal reportedly worth $54 million.

Granite Partners is re-branded as Savills Granite LLC under the leadership of company co-founder John D. Lyons, who assumes the title of Savills chief executive of North America.

Among other substantial deals, Savills advised Beacon Capital Partners, LLC of Boston on its $1.32 billion acquisition of the 34-story, 707,301-square-foot CityPoint office building in London in April. Granite, meanwhile, represented Lightstone Group in its $889 million acquisition of Prime Group Realty Trust, among other deals.

More on the deal here.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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