Blackstone Group’s $475 million acquisition of Parker Towers


Fried Frank acted as counsel to an affiliate of Blackstone Group in connection with its approximately US$475 million acquisition of Parker Towers, an apartment complex in the heart of Forest Hills, Queens, from Jack Parker Corporation.

Parker Towers consists of approximately 1,300 units across three 20-story residential towers situated close to Austin Street and Forest Hills Stadium.

The Fried Frank team included real estate partner Ross Z. Silver (Picture); corporate real estate partner Patrick M. Dowd; and real estate associates Julianne E. Befeler, Lindsey M. Dubb; and real estate law clerk Eleanor Hughes.

Involved fees earner: Ross Silver – Fried Frank Harris Shriver & Jacobson; Patrick Dowd – Fried Frank Harris Shriver & Jacobson; Julianne Befeler – Fried Frank Harris Shriver & Jacobson; Lindsey Dubb – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Blackstone;

Author: Ambrogio Visconti