NEW YORK--(BUSINESS WIRE)-- Duval & Stachenfeld LLP represented New York Life Insurance Company and its affiliate, New York Life Insurance and Annuity Corporation, in the acquisition of the fee interest at 1372 Broadway, New York, New York.Starwood Capital separately acquired the ground lease interest in the fully leased, approximately 572,000 square foot building from BLDG Management, who purchased the building in 2008.

Currently, the 21-story property is occupied by a mix of fashion and financial services tenants, including Ross Stores, Inc., Walmart, Ann Taylor and LF USA. The ground-floor tenants include retailers such as GNC, Starbucks and New York Health Club.

The Duval & Stachenfeld team was led by real estate partners Samuel Lee, Joseph Galvano, Terri Adler and Todd Eisner with assistance from real estate associates Caroline Kim and Sara Kolb.

Duval & Stachenfeld LLP has one of the most highly-regarded real estate practices in the U.S.Since the Firm's inception, the Real Estate Group has distinguished itself by creating a practice focused on complex, sophisticated transactional work.With close to 35 attorneys, the Real Estate Group has one of the largest groups in New York City and are veterans of over 3000 transactions in the Firm’s almost 15-year history.

Duval & Stachenfeld LLP
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Source: Duval & Stachenfeld LLP