Savills Sets Up Shop in U.S.

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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