Cole Schotz Advises Cove Property Group in $1 Billion Sale of Hudson Commons

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Cole Schotz P.C. represented Cove Property Group and its joint venture partner The Baupost Group in connection with the $1.033 billion sale of Hudson Commons, a 25-story, nearly 698,000 square foot office and retail building, located at 441 Ninth Avenue, in the Hudson Yards submarket of Manhattan.

In addition to the sale, the firm previously assisted on the initial acquisition, construction financing and the refinancing of Hudson Commons. The property was purchased by CommonWealth Partners and CalPERS.

The Cole Schotz team consisted of members Leo Leyva, Jordan Metzger, Danielle Pasquariello, Rab Nalavala, Jan Lewis and associate Daniela Alvarado.

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.

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