Brookfield Asset Management’s Acquisition of Leasehold Interest in 666 Fifth Avenue


Fried Frank acted as counsel to Brookfield Asset Management in connection with its acquisition of a 100% leasehold interest in 666 Fifth Avenue’s office condo, a 1.5-million-square-foot building in Midtown Manhattan, through one of its real estate investment funds.

The term of Brookfield’s 100% leasehold interest in the office condominium, acquired from the Kushner Companies, will be 99 years. Brookfield Properties will operate the building and plans a major redevelopment program to upgrade it.

The Fried Frank team was led by real estate partner Joshua Mermelstein (Picture) and included corporate real estate partner Patrick M. Dowd, tax partner Robert Cassanos, real estate special counsel Joel London and Cyril Touchard, corporate real estate special counsel Jessica H. Mayes, real estate associate Jing Jin, corporate real estate associate Tam T. Ho, and tax associates Josh Goldstein and Daniel Jacobson.

Involved fees earner: Joshua Mermelstein – Fried Frank Harris Shriver & Jacobson; Patrick Dowd – Fried Frank Harris Shriver & Jacobson; Joel London – Fried Frank Harris Shriver & Jacobson; Cyril Touchard – Fried Frank Harris Shriver & Jacobson; Jessica Mayes – Fried Frank Harris Shriver & Jacobson; Jing Jin – Fried Frank Harris Shriver & Jacobson; Tam T. Ho – Fried Frank Harris Shriver & Jacobson; Robert Cassanos – Fried Frank Harris Shriver & Jacobson; Josh Goldstein – Fried Frank Harris Shriver & Jacobson; Daniel Jacobson – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Brookfield Asset Management Inc;

Author: Ambrogio Visconti