23 02 2016

Invesco Advisers, Inc. acquires seven industrial properties in South Florida for $98 million

Greenberg Traurig has advised Invesco Advisers, Inc. in the joint venture purchase of seven industrial properties in South Florida, totaling 675,387 square feet, from the Easton Group for $98 million.


Rather than sell off the properties completely, the Easton Group, a Doral-based commercial real estate firm, retained a 10 percent interest and held onto its title as property manager leading the buildings' leasing efforts. Invesco paid $145 per square foot for the portfolio, which included four buildings in Lake Corporate Park in Miami Lakes, two in Doral and one in Hollywood. The transaction also included the assumption of five loans from three lenders. Invesco Real Estate is a global leader in the real estate investment management business with over $64.0 billion under management, 434 employees and 21 regional offices across Asia, Europe and the U.S. Greenberg Traurig advised Invesco in the acquisition with a team led by partners Richard J. Giusto (picture) and Danielle Gonzalez, assisted by Brian L. Colborn (Delaware), Tracy H. Lautenschlager (Fort Lauderdale), Robert R. McDonald (Tallahassee), William R. Siegel (Miami); associates Kathryn R. Alvarez (Miami), John V. Chibbaro (Miami), Adam S. Fischer (Miami), Jason R. Kleiss (Miami), Ari B. Lustig (Delaware). Involved fees earner: Richard Giusto - Greenberg Traurig; Danielle Gonzalez - Greenberg Traurig; Kathryn Alvarez - Greenberg Traurig; Robert McDonald - Greenberg Traurig; Adam Fischer - Greenberg Traurig; Ari Lustig - Greenberg Traurig; Brian Colborn - Greenberg Traurig; William Siegel - Greenberg Traurig; Jason Kleiss - Greenberg Traurig; Tracy Lautenschlager - Greenberg Traurig; John Chibbaro - Greenberg Traurig;

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