Posted on:Weil in the News
Weil advised KTR Capital Partners in the sale of its real estate assets and operating platform to real estate investment trust Prologis, Inc. in a transaction valued at $5.9 billion. This transaction also includes the sale of 3.6 million square feet of development-in progress and a land bank with build-out potential of 6.8 million square feet. The transaction closed on May 29, 2015.
Weil is the leading law firm in the fast-growing industrial sector. The Firm has completed 3 of the 4 largest deals in the sector. It has also advised Brookfield Asset Management in the $866 million acquisition of Verde Realty, Verde Realty in its $1.1 billion acquisition of Industrial Developments International, Inc. and IDI Gazeley Brookfield Logistic Properties in the sale of its entire Mexican industrial portfolio to FINSA and Walton Street Capital, L.L.C.
The Weil team that advised KTR Capital Partners was led by Co-Head of Real Estate Philip Rosen and Private Equity partner Shayla Harlev. The team also included Real Estate partner Samuel Zylberberg; Private Funds partner Andrew Chizzik; Tax partner Mark Schwed; Executive Compensation & Benefits partner Michael Nissan; Environmental partner Annemargaret Connolly; Real Estate counsel Elliot Ganchrow; Antitrust/Competition counsel Vadim Brusser and John Sipple; Employment Litigation counsel Lawrence Baer; Environmental counsel Thomas Goslin; Private Equity associates Evan Miller and Jacqueline Smith; Real Estate associates Sarah Jonas and Melissa Meyrowitz; Private Funds associate Oliver Prakash-Jenkins; Employment Litigation associate Millie Warner; Tax associates Jonathan Macke and Lexie Maravich (not yet admitted); and Executive Compensation & Benefits associate Eric Schecter.