MIAMI – Feb. 3, 2015 – A team of Greenberg Traurig attorneys recently represented longtime client Invesco Real Estate in the acquisition of the retail portion of Clayton Lane, a prominent mixed-use development located in the upscale Cherry Creek North neighborhood of Denver, Colorado.
Invesco purchased 182,802 square feet of high end retail space, anchored by Whole Foods Market and Crate & Barrel. The acquisition also includes the vacant Sears Store & Auto Center (155,281 square feet), four separate parking venues (approximately 1,291 spaces), and 25 luxury condominium residences at 191 Clayton Lane.
Invesco plans to redevelop the vacant retail space and expects to add more residential units to the project.
The sale closed Friday, Jan. 29. Invesco did not purchase the office and hotel portions of the mixed-use project.
Miami Co-Managing Shareholder, Richard J. Giusto, led the team of 14 attorneys representing four offices and three practice areas. The team included shareholders Christopher L. Barnett (Miami), Danielle Gonzalez (Miami), Ilene K. Kobert (Miami), Mark E. Baker (Denver), Neil Oberfeld (Denver), Steven C. Russo (New York), William R. Siegel (Miami), Carl J. Riley (New York); Of Counsel Shannon Bothwell (Miami); associates Kathryn R. Alvarez (Miami), Adam S. Fischer (Miami), Katy O’Brien (Denver), Jason R. Kleiss (Miami), and Noam Lipshitz (Fort Lauderdale).