2 Firms Guide $238M Times Square Office Buy
Private equity real estate firm Sentry Realty paid more than $238 million to buy a Times Square commercial office building from L.H. Charney Associates Inc. in a deal guided by Fried Frank Harris Shriver & Jacobson LLP and Cole Schotz PC, according to documents filed with New York City’s Department of Finance.
The documents filed Monday show that Sentry’s entity, 1441 Broadway Property LLC, bought the 1441 Broadway property from L.H. Charney’s entity Lechar 1441 LLC.
According to L.H. Charney’s official website, the 1441 Broadway building, which is also known as 10 Times Square, is 34 stories tall and takes up 575,000 square feet. The property has an almost 46,000 square foot retail area and there are notable tenants such as Champs and Foot Locker.
Sentry and L.H. Charney didn’t respond to requests for comment Tuesday.
Cole Schotz’s exact role in the sale is unclear.
Sentry’s counsel information wasn’t immediately available.
L.H. Charney is represented by Elias Ayoub, Michael D. Morck II, Jonathan Mechanic, Nathaniel Lifschitz and Rick Wolfe of Fried Frank Harris Shriver & Jacobson LLP.
Click here to read the full article.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication. No aspect of this advertisement has been approved by the highest court in any state.
Join Our Mailing List
Stay up to date with the latest insights, events, and more
