Represent Borrower in Connection with Loan from Private Equity Firm
Represented cinematic production resource company, as borrower, in connection with a loan from private equity firm that partners with middle market companies.
Matters
Acquisition of 216 Plymouth Street, Brooklyn
Represented the Charles F. Parker Revocable Trust and its affiliate in connection with the acquisition of a building in Dumbo located at 216 Plymouth Street, Brooklyn, New York, which took approx. two years of negotiations with the relevant parties.
KPR Centers – $180 Million Multi-State Retail Portfolio
Represented KPR Centers in connection with acquiring a $180 million multi-state portfolio of eight shopping centers through a joint venture structure. The portfolio includes retail centers in Florida, Wisconsin and Missouri, comprising more than 1.5 million square feet of space. Cumulatively 96 percent leased at the time of the acquisition, the portfolio is a combination of grocery-anchored and power centers.
Avenue Sports Fund – Investment in Immersive Technology, Media, and Entertainment Company
Represented Avenue Sports Fund in its investment in Cosm, a leading immersive technology, media, and entertainment company. The funding will drive long-term growth of Cosm's "shared reality" venues as well as its technology and media business units.
Sean E. O’Donnell, Irwin A. Kishner, Liliana Chang, Megan E. Thompson, Menahem M. Grossman, Stephen DiMaria, Barry Werbin
Resources
Four Building Portfolio Sale – Williamsburg, Brooklyn
Herrick represented four family members in the sale of 536, 546 and 554-558 Metropolitan Avenue in Williamsburg, Brooklyn. The four residential buildings were also the home of a family run hardware store for six decades. The transaction had many nuances, including the fact that originally the three properties had offers to purchase from three different entities. After some weeks, two of the purchasers walked away from the properties and the last remaining buyer opted to purchase all three of them.
ACRES Capital – $72.5 Million Refinance – Columbus, OH
Represented ACRES Capital in connection with the $72,500,000 refinance of an existing construction loan for a mixed-used project with a 311-unit multifamily component and two retail suites located in Columbus, Ohio.