NEW YORK – Oct. 29, 2025 – Global law firm Greenberg Traurig, LLP represented New York-based Makarora Management LP in connection with a definitive merger agreement with Plymouth Industrial REIT, Inc.
Under the merger agreement, Makarora, along with Ares Alternative Credit funds, will acquire all outstanding shares of Plymouth’s common stock (NYSE: PLYM) and all outstanding limited partnership interests of Plymouth Industrial OP, LP for $22 per share. The all-cash transaction, valued at approximately $2.1 billion, includes the assumption of outstanding debt.
The transaction has been unanimously approved by Plymouth’s board of directors and is expected to close in early 2026, subject to approval by Plymouth’s shareholders and other customary regulatory approvals and closing conditions, Plymouth said in a statement. Upon completion of the transaction, Plymouth will become a private company, and shares of Plymouth’s common stock will no longer trade on the NYSE.
“Greenberg Traurig is honored to support Makarora in this significant transaction, which further demonstrates the strength of our global platform in helping companies navigate today’s rapidly evolving economic and real estate landscape,” said Boston Real Estate Shareholder Marc Lazar, who led a multidisciplinary team of Greenberg Traurig attorneys in representing Makarora during negotiations of the merger agreement. “We look forward to continuing to help Makora advance its strategic objectives through practical, business-minded legal solutions.”
The Greenberg Traurig deal team also included New York Corporate Shareholders Michael D. Helsel and Joseph A. Herz and New York Tax Shareholder Timothy Donovan.