Successes
Represented sellers in a $40.2 million sale of five high-rise multifamily apartment properties in St. Louis to a California based private equity investor. This complex transaction went under contract in February and will close at the end of April. Buyer's counsel was located in Los Angeles. (2022)
Represented buyer in a $12 million purchase of an industrial concrete manufacturing and fabricating business, including the real estate and industrial facilities of a business engaged in designing, fabricating, engineering, and delivering concrete products, including specialized products utilized by the Missouri Department of Transportation, the Illinois Department of Transportation, Metropolitan Sewer District and others. The transaction involved numerous complex issues including working capital adjustments and escrows, environmental issues, employment contracts, non-competition and non-solicitation agreements arising from the sale, Bulk Sales Act compliance (Illinois), PTAX disclosures and compliance, Plat Act compliance, registration of foreign entities, escrow arrangements for indemnity provisions under the contract, and preparation of the final "Funds Flow Memorandum" for disbursement of funding, price allocation issues and assignment of "personal goodwill" and "institutional goodwill". Completed the transaction for Buyer in a short four-month window requested by the client. (2021)
Represented Buyer in the $7.1 million purchase (directly from QuikTrip Corporation) of a newly constructed QuikTrip convenience store in San Antonio, Texas. This included due diligence review of property, site selection, negotiation of terms, negotiation of the lease. I provided complete services to acquire the real property and handle the lease-back to QuikTrip Corporation under a "triple net absolute" 20-year lease. The transaction involved significant ingress and egress issues, cross access easements relating to two parcels of property upon which project is located, left turn "median break" access issues that required City of San Antonio approval and other complex matters. QuikTrip Corporation was represented by in house counsel. (2019)
Represented sellers in the $10.25 million sale transaction of two high-rise apartment buildings in St. Louis, Missouri, including due diligence investigation of buyer, price and contract negotiations, placing property under contract, compliance with buyer's due diligence and closing of transaction, including creation of tenancy in common structure to facilitate a 1031 exchange of the property as a "relinquished parcel". (2019)
