Simpson Thacher represented Sterling Organization on the deal.
Sterling Organization announced its acquisition of the Plaza Mexico center in Lynnwood, California in a 363 bankruptcy auction.
Plaza Mexico is a unique 420,000 square foot retail, food, dining, and office space blended together with cultural motifs and programing, located just 14 miles from downtown Los Angeles.
Sterling is a vertically integrated, private equity real estate firm whose national platform is focused on investing in retail, LAST HOUR® consumer fulfillment and distribution real estate assets across the risk spectrum in major markets within the United States on behalf of Sterling’s principals in partnership with the highest quality institutional investors. Sterling Organization, with offices across the nation, is headquartered in West Palm Beach, Florida.
The Simpson Thacher team included Michael Torkin (Picture) and Zachary Weiner (Restructuring); Krista Miniutti (Real Estate); Nancy Mehlman (Tax); and Jeanne Annarumma (ERISA).
Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; Krista Miniutti – Simpson Thacher & Bartlett; Michael Torkin – Simpson Thacher & Bartlett; Zachary Weiner – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;
Clients: The Sterling Organization, LLC;