The Birch Group—Acquisition

Represented privately owned commercial real estate investor, owner, and operator The Birch Group in the acquisition of the 42 story, 1.4 million-square-foot office building known as the Merrill Lynch Building, located at 101 Hudson Street in Jersey City, New Jersey, for $346 million. To finance the acquisition, we negotiated the assumption of a $250 million commercial mortgage-backed security loan and the structuring of both a preferred equity investment and common equity in excess of $120 million.