NEW YORK – Jan. 28, 2026 – Global law firm Greenberg Traurig, LLP represented New York-based Makarora Management LP in the completion of its acquisition, together with Ares Alternative Credit funds, of Plymouth Industrial REIT, Inc., in an all-cash transaction valued at approximately $2.1 billion.
The deal, which originally was announced Oct. 24, 2025, closed Jan. 27.
Under the terms of the transaction, Plymouth shareholders will receive cash consideration of $22 per share, and Plymouth will no longer be traded or listed on any public securities exchange, Makarora said in a statement.
“Greenberg Traurig is proud to have assisted Makarora in navigating this high-profile transaction, which required the collaborative efforts of dozens of attorneys working within the firm's Corporate, Real Estate, Tax, Litigation, Labor & Employment, and Environmental practice areas,” said Boston Real Estate Shareholder Marc Lazar, who represented Makarora throughout the deal. “Makarora is a premier real estate investment management firm with exceptional leadership, and we look forward to continuing to work with them on their complex transactions.”
Lazar led Greenberg Traurig’s multidisciplinary deal team with assistance from New York Corporate Shareholders Michael D. Helsel and Joseph A. Herz, New York Tax Shareholder Timothy W. Donovan, and Real Estate Shareholders Ankush R. Israni in Los Angeles and David S. Pritzker in Chicago.