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 Real Estate Partner Steven J. Wernick is featured in the South Florida Business Journal article "28-Story Tower With Over 100 Apartments Planned in Miami."
Day Pitney Real Estate, Environmental and Land Use practice co-chair Craig Gianetti was featured in Gothamist article "Court Tells Wealthy NJ Town: We'll Decide Where You'll Put Affordable Housing."
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Day Pitney Real Estate, Environmental and Land Use Partner Steven Wernick is featured in the Miami Herald article "The End of Single-Family-Only Home Suburbs? Miami-Dade Zoning Rule Impact Could Be 'Sweeping'."
Day Pitney Real Estate Partners Nicole Magdziak and Thomas Malman represented firm client Kushner, a real estate development and management firm headquartered in New York City, on a multimillion dollar mixed use residential and retail development in the Long Branch, NJ’s Lower Broadway redevelopment zone.
Day Pitney Real Estate, Environmental and Land Use practice co-chair Craig Gianetti was featured in Law360 article "NJ Bill Paves An Aggressive Affordable-Housing Path."
Day Pitney Real Estate, Environmental and Land Use Counsel Joseph A. Ruiz was featured in the South Florida Business Journal article "Local Distillery Proposes Location in Miami-Dade Warehouse."
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The arrival of Steven Wernick and Joseph Ruiz of Wernick & Co to Day Pitney's Miami office was featured in Miami Today's People column. Wernick and Ruiz are joining the firm's real estate, environmental and land use practices as a partner and counsel. Wernick & Co. built its reputation in the Miami area through experience in land use and zoning.
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