Olshan advised 601 West Companies in its closing on a restructuring and refinancing of the office complex located at 4000 Connecticut Avenue NW in Washington DC, formerly known as the Intelsat Building.
The closing involved raising $55 million in equity, and obtaining a construction loan of $170 million and mezzanine loan of $55 million. The building is net leased to the Whittle School and will be turned into the U.S. site of the Whittle School (another facility will be opening in China) which will open in September of 2019. The founder of the Whittle School is also the founder of the Avenues School located in New York.
601 West Companies provides real estate services. The Company acquires, develops, and manages a variety of commercial real estate properties.
Olshan advised 601 West Companies with Warren Gleicher (Picture), Martin Cooper, Shirlee Gordon, Kenneth Mantel, Bryan Anderson, Johnathan Duncan, Jason Tomitz and Lauren Irby.
Involved fees earner: Warren Gleicher – Olshan Frome Wolosky LLP; Shirlee Gordon – Olshan Frome Wolosky LLP; Bryan Anderson – Olshan Frome Wolosky LLP; Jason Tomitz – Olshan Frome Wolosky LLP; Martin Cooper – Olshan Frome Wolosky LLP; Kenneth Mantel – Olshan Frome Wolosky LLP; Johnathan Duncan – Olshan Frome Wolosky LLP; Lauren Irby – Olshan Frome Wolosky LLP;
Law Firms: Olshan Frome Wolosky LLP;
Clients: 601 West Companies;