Paul Hastings Advises TPG Capital on Acquisition of Catellus Properties from ProLogis
Los Angeles, CA (March 1, 2011) - Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that the firm has advised global private equity firm TPG Capital on the acquisition of a portfolio of Catellus properties and the Catellus name from distribution facility owner ProLogis. The transaction is valued at $505 million.
The portfolio of assets includes 11 mixed-use projects, four shopping centers, two office buildings, two residential development joint ventures, Los Angeles Union Station, and certain ground leases and other right-of-way leases.
Philip Feder, chair of the Global Real Estate practice, led the Paul Hastings team, which included Robert Keane, Lauren Giovannone, Tom Mounteer, Dan Perlman, Jeff Rheeling, and Greg Spitzer.