Matters

300 Lafayette

Representing a joint venture between Related Companies and LargaVista Companies on environmental matters in the development of a Soho gas station site into a $200 million retail and office building.

$10 Million ShopRite Purchase

Represented the purchaser in the $10 million purchase of a ShopRite in Orange, CT. The property had environmental concerns and a tight 1031 deadline, but Herrick's full-service real estate department was able to work out all issues and close the deal before the deadline.

90 Gas Station Acquisition and Financing

Represented an investor in the purchase of 90 gas stations from Motiva Enterprises, acquisition financing from a bank lender and private investors; a follow-on acquisition of 15 stations and a refinancing of the portfolio with a bank lender.

$30 million SoHo Gas Station Sale

Represented an owner in the $30 million sale of a Mobil gas station in Manhattan’s Soho neighborhood.

Developer’s Counsel – Superfund Site

Represented a developer in the bank foreclosure acquisition of a high-profile Superfund site in Norwalk, CT. Successfully secured protections from the Connecticut DEEP and U.S. Environmental Protection Agency, in addition to securing environmental insurance and negotiating environmental issues with a big-box retail tenant.

Environmental Compliance for Luxury Residential Property

Represented a New Jersey apartment building owner in achieving environmental compliance for a luxury building built on a perchloroethylene contaminated site. In addition to resolving all violations, successfully worked with tenants to address concerns and end potential class action litigation.

Wetlands Variance

Represented a real estate owner in seeking a wetlands variance to build a large platform for trucks, as part of a development project along the Newtown Creek Superfund site.

Master Leasing for 25 NYC Gas Stations

Represented a landlord in a master lease with a major multinational oil and gas company for the ground lease of 25 New York City gas stations.

Environmental Counsel for Complex Transactions

Represented a large chain of retail gas stations in the New York metropolitan area in successfully contesting a $37 million state sales tax liability. Steered the company through a successful chapter 11 bankruptcy, reducing liability to $4 million, then converted the $4 million settlement debt into a commercial loan, and further discounted the debt through an accelerated pay off settlement, achieving full releases. Handled all litigation, real estate transactions and negotiations with landlords, government authorities and lenders.

Acqusition & Environmental Due Dilligence for New Jersey Whole Foods

Represented E & H Members LLC in the acquisition of 104 & 110 Washington Street, Morristown, NJ. The transaction involved a triple net leased Whole Foods, a 1031 exchange and the purchase of extensive environmental insurance related to environmental concerns stemming from a former dry cleaner.