Orrick advised the financial services firm Gulf Islamic Investments LLC (GII) on the acquisition of an office building in White Plains, Westchester County, New York on behalf of its investors.
Gulf Islamic Investments LLC (GII) has announced the acquisition of 140 & 150 Grand Street Plaza, an office building in White Plains, Westchester County, New York, USA on behalf of its investors.
Located just 30 minutes away from Manhattan, the Class A office building seats within the urban center of White Plains with a leasable area of c. 220,000 sq. ft.
The Property is strategically located within one block of the Federal, Supreme, District and County courthouses making 140 & 150 Grand Street the preferred destination for government-affiliated and law-related tenants. The property is currently over 90% occupied by 30+ tenants.
The location of the property, the quality of the asset institutionally maintained together with the robust tenancy schedule position this investment in a Core Plus investment bracket that is expected to generate attractive risk-adjusted returns for GII’s investors.
Gulf Islamic Investments LLC (GII) is a UAE-based financial services company regulated by the Emirates Securities and Commodities Authority (ESCA).Gulf Islamic Investments is committed to providing advisory to a diverse set of unique and well-structured investment opportunities to its clients, with a view to achieve superior returns in the fields of real estate, private equity, venture capital and infrastructure.
GII was advised by a cross border Orrick team led by Düsseldorf-based M&A and private equity partner Oliver Duys (Picture), who had already advised GII on other investments, as well as by the New York-based real estate partner Marshall Brozost and London-based banking and finance partner Dominic O’Brien. The team also included partner Alykhan A. Shivji (real estate, New York) and counsel Abhijit Narayan (M&A and private equity, Düsseldorf).
Law Firms: Orrick;
Clients: Gulf Islamic Investments;