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
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 LLPCaitlin Velez, 212-672-3747Director
of Marketing and Client Relationscvelez@dsllp.com
Source: Duval & Stachenfeld LLP