New York REIT’s $514.1 Million Sale of Three Office Buildings in Chelsea


Cadwalader represented New York REIT Inc. in the $514.1 million sale of three fully leased office buildings in the Chelsea neighborhood of Manhattan, including the building that houses Twitter Inc.’s New York headquarters, to Columbia Property Trust.

In connection with the sale, New York REIT paid down approximately $348 million of debt under the company’s $760 million cross collateralized and secured loan, for which the properties were part of the collateral.

Cadwalader Advises New York REIT with a team including Steven Herman (Picture), Loren Taub and Andrea Weitzman.

Involved fees earner: Steven Herman – Cadwalader Wickersham & Taft; Loren Taub – Cadwalader Wickersham & Taft; Andrea Weitzman – Cadwalader Wickersham & Taft;

Law Firms: Cadwalader Wickersham & Taft;

Clients: New York REIT Inc.;

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Author: Ambrogio Visconti