NEW YORK – Feb. 17, 2023 – Gary S. Kleinman and Karen L. Geringer, Real Estate Practice shareholders at global law firm Greenberg Traurig, LLP, assisted affiliates of Vanbarton Group in selling 15 Laight St., an eight-story office building in New York City’s Tribeca neighborhood, to 15 Laight NY LLC for a reported price of $273.5 million.
New York-based Vanbarton, a real estate investment and advisory company, previously purchased the building in 2016 and completed a full renovation of the 108,000-sq.-ft property, converting it to boutique offices. Located at the mouth of the Holland Tunnel, the site formerly was a venue for the Tribeca Film Festival. Under the new ownership, the building will be used as an office and showroom for a major car brand.
About Greenberg Traurig's Real Estate Practice: The Greenberg Traurig Real Estate Practice is a cornerstone of the firm and recognized leader in the industry. The firm’s real estate attorneys deliver diversified and comprehensive counsel for property acquisition and investment, development, management and leasing, financing, restructuring, and disposition of all asset classes of real estate. The team draws upon the knowledge and experience of more than 700 real estate lawyers from around the world, serving clients from key markets in the United States, Europe, the Middle East, Latin America, and Asia. The group’s clientele includes a broad range of property developers, lenders, investment managers, private equity funds, REITs, and private owners. The firm’s real estate team advises clients on a variety of matters across a broad spectrum of commercial, recreational, and residential real estate, including structured equity and debt and the hybrids.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2650 attorneys in 44 locations in the United States, Europe, Latin America, Asia, and the Middle East. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 250. Greenberg Traurig is Mansfield Rule 5.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.