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Day Pitney's Real Estate Team was recognized by the Philadelphia Business Journal with a first place win for "Best Industrial Deal Execution" for the firm's work on the King of Prussia Logistics Hub. The team, led by Real Estate Partner Jared Ross, provided legal counsel to Foxfield LLC for the acquisition, development, construction, environmental aspects, leasing and ultimate sale of the asset.
Day Pitney's work began in 2019 when Foxfield entered the Philadelphia market with the purchase of the former Johnson Matthey Inc. chemical plant at 900 River Road in Upper Merion. The company cleaned up the site and moved ahead with the development of a 331,525-square-foot distribution center on 29 acres on speculation. It secured a 10-year lease with Target Corp. while the structure was under construction. It sold the building for $115 million, or $346.88 a square foot. The project had a record lease rate and sale on a per-square-foot basis.
In addition to Ross, the team includes attorneys Amanda G. Gurren, Alan Ruiz, Ashley Membrino, Lauren Grillo and Harold M. Blinderman.
Read the full article here.
Day Pitney Advisory
Miami-based Real Estate Partner Sandra M. Ferrera is speaking on the University of Miami School of Law's Hispanic Law Students Association panel, "Legal Series Tournament: Practice Area Battle Royal: Team Litigation vs. Team Transactional."
Day Pitney Alert
On February 23, Partner Craig M. Gianetti spoke at the program, "Land Use Update 2022," about challenges to zoning ordinances and ethical issues in land use matters.
Day Pitney Press Release
Day Pitney Environmental Partner Todd Terhune was featured by Law360 Pulse in a Q&A article discussing his arrival to the firm and his position as Vice Chair of the Environmental practice.
Environmental partner Todd Terhune's arrival to Day Pitney was featured in Real Estate NJ article, "Day Pitney Adds Terhune as Partner, Vice Chair of Environmental Team."
Todd Terhune's arrival to the firm was profiled in the Law360 article titled, "Day Pitney Adds Environmental Group Vice Chair in NJ."
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