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L&L Holding Company, Normandy Real Estate Partners and J. P. Morgan Complete $880 Million Acquisition of Terminal Stores
New York -- Paul Hastings LLP, a leading global law firm, advised the joint venture between L&L Holding Company, Normandy Real Estate Partners and J. P. Morgan in their $880 million acquisition of Terminal Stores, an historic 1.2 million square-foot complex from Waterfront New York and GreenOak Real Estate Advisors LP.
Located in Manhattan’s West Chelsea and Hudson Yards neighborhoods, Terminal Stores is primed to become a cutting-edge office and retail destination. As part of the acquisition, the joint venture will convert approximately 500,000 square feet of space for office use.
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Chelsea Terminal Warehouse is home to Uber and L'Oreal USA.
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