Cases
Representative Matters: Assisted BG Capital, LLC in establishing Wildwood OZ Fund, LLC, a qualified opportunity zone fund (QOF) in which $20 million in eligible capital gains were invested
the QOF will be used to create a qualified opportunity zone business
develop 74 units of workforce housing in Wildwood, New Jersey.
Closed on a construction loan on behalf of Patton Partners, LLC. The proceeds of the loan will be used to purchase
repurpose a building to create 42 units of market rate housing. The joint venture is structured as a qualified opportunity zone business (QOZB).
Represented High Properties in connection with a $22.5 million construction loan
note purchase on behalf of a single purpose entity to complete construction of a medical office building by High Construction on behalf of Penn State Health, in Manheim Township, Lancaster County, Pennsylvania.
Represented ResinTech, a manufacturer of ion exchange resins for water
wastewater treatment,
ActionPak, an affiliated packaging company, in the $118 million refinancing of their ion exchange resin manufacturing plant
packaging
distribution warehouse.
Represented a family office client in establishing the Dove OZ, LLC, an opportunity zone fund created from an eight-figure capital gain. Dove OZ, LLC will develop 2020 at Providence, an $88 million market rate, residential ground-up project in Huntsville, Alabama
when completed in Q3 2021, the 360-unit development will feature 20,000 square feet of retail
office space
a multi-level parking garage.
Represented various subsidiaries of BG Capital, one of Philadelphia's leading real estate investment
development companies, in the $50 million sale
refinancing of four separate properties in Philadelphia locally referred to as the Commonwealth Portfolio, to an affiliate of the Hampshire Companies.
Represented Delaware Technology Park, Inc. (DTP) in connection with its development of a 100,000 square foot office
classroom tower on the Star Campus of the University of Delaware, part of which will be leased to the University for its new business school
the $42 million capital stack included financing by Discover Bank, a New Markets Tax Credit allocation by Cinnaire Community Development Corporation,
a tax credit investment by U.S. Bank.
Representing Tower at Halsey
William Urban Renewal Company LLC, developers of 250 units of market rate
affordable housing in Newark, New Jersey, serving as deal counsel, creating an Opportunity Zone fund,
managing $175 million in ongoing financing, leasing, design,
development.
Represented a subsidiary of Textile of Europe, Inc. in buying out its partner in the ownership
lease of 480 Mercer Street in West Windsor, New Jersey
the purchase culminated two years of negotiations
was facilitated by a $6.5 million loan from Oceans Bank on the real estate
a $6 million revolving line of credit.
Represented 2120 East York LLC, the borrower/developer of 54 units of market rate housing in Philadelphia, in a transactional joint venture to create three separate, qualified opportunity zone funds, which in turn invested in a Qualified Opportunity Zone Business ( QOZB ) where a lender to the transaction, PNC Bank, also invested equity in the QOZB.
Representing PHL Next Stage Med
Republic Family of Properties in financing
equity fund raising in connection with the ground lease of a parcel of l
from SEPTA
the design
building of a 125,000 square foot office
wet lab production facility for bio-technically engineered materials located in an Opportunity Zone.
Represented ResinTech
ActionPak in a $128 million transaction centered around the adaptive reuse of 27 acres of environmentally contaminated property in Camden, New Jersey. The site is being converted into the client's new global headquarters.
Assisted Public Health Management Corporation (PHMC) in leasing 100,000 square feet of space at 4601 Market Street, an historic 300,000+ square foot building,
in structuring a joint venture investment for PHMC with Iron Stone Partners in the adaptive reuse of the remainder of the property, utilizing historic
new market tax credits to create a neighborhood medical center
office complex.
Represented family office client in creation of an opportunity zone fund in furtherance of building a $190 million school.
Represented client in recapitalizing an existing joint venture investment in a shopping center,
simultaneously refinanced the purchase of the shopping center, valued at approximately $85 million, while structuring the investment to enable South American investors to enter the investment in tax efficient manner under FIRPTA.
Represented a Chilean multifamily family office in its $92 million acquisition
financing of a multi-level, 350,000 square foot shopping mall in Maryl
transaction included a joint venture with a commercial real estate development
net lease company in Tennessee, as well as a real estate acquisition
associated bank financing.
Represented the owner of a large apartment complex in its $130 million CMBS
mezzanine refinancing of an existing multifamily property in Philadelphia, Pennsylvania.
Representing a manufacturing client in utilizing a complex set of financing sources to design
build a state of the art 225,000 square foot manufacturing
office complex
a 125,000 square foot packaging
distribution facility in Camden, New Jersey using NJ Grow Credits, New Market Tax Credits, Construction
Mini Permanent Debt as well as Subordinated Debt which will create over 325 local
regional jobs.
