New York, NY - Cole Schotz represented Onyx Equities, LLC, in the acquisition, financing and joint venture of a 235,000-SF Class-A, office property in Garden City, New York. Co-counsel on the acquisition was Steven Hirsch, Esq., of Hirsch & Gibaldi, LLP.
The transaction is a joint venture between Onyx and The Davis Companies, based in Boston, Massachusetts. The financing consisted of the assumption and restructure of the existing first mortgage, and a new second mortgage for lease-up and capital improvement costs, both with People’s United Bank. The property will be managed by Onyx and leased through The Rochlin Organization. Jordan J. Metzger, a Member of the firm’s real estate and corporate departments, was the lead attorney on the transaction, assisted by Tara Ryan, Special Counsel.
Cole Schotz serves clients throughout the U.S. with offices in New Jersey, New York, Delaware, Maryland and Texas. The firm represents closely held businesses and individuals as well as Fortune 500 companies. Founded in 1928, the firm has grown to 120 attorneys who work in nine primary areas of practice: Bankruptcy & Corporate Restructuring; Litigation; Real Estate; Tax, Trusts & Estates; Corporate, Finance & Business Transactions; Employment; Environmental; Intellectual Property and Construction Services.
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