We represented Cove Property Group, in partnership with Blue Sky Alternative Investments, in the purchase of a 423,000-square-foot office building located at 441 Ninth Ave. in Manhattan’s far West Side. The sale closed on December 6, 2016. This was ranked the 42nd largest deal in the country by Real Estate Alert.
We advised on the $330 million acquisition and leaseback to health insurer EmblemHealth and on a $220 million financing transaction from Deutsche Bank. The building, a former warehouse at the corner of West 34th Street and adjacent to the city’s Hudson Yards redevelopment project, was originally constructed in 1953 and was converted to office space during the 1980s by developer Harry Macklowe.
Our team consisted of members Leo V. Leyva, Jordan J. Metzger, Christopher J. Caslin, Gerald H. Gline, Jordan A. Fisch, Rab N. Nalavala, Jan Lewis and Joseph Barbiere; special counsel Robyn A. Pellegrino; and associates Patrick Quinn, Elizabeth C. Navatto, Matthew S. Schneid, Joseph Armenti; and paralegal Marilyn Bernard.
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