Sale of Superfund Site
Counseled a mining company through the rare sale of a federal Superfund site, an 1,800-acre former cobalt mine. This included securing a collateralized walk-away indemnity for the client, handling the real estate components and assisting with the relationship with another responsible party for the cleanup during the transaction.
End-of-Year Commercial Real Estate Acquisition
Represented brokerage, management and property development client in the acquisition of an office building in suburban St. Louis. Also provided counsel in obtaining financing used to acquire and renovate the building. The transaction took place during the last week of the year and required several last-minute negotiations among the buyer, seller, title company and contractor to reach an agreement by year-end.
Acquisition and Financing for Testing and Inspection Client
Represented client in its acquisition of the elevator inspection portfolio of a Colorado-based company and handled financing for the transaction, which involved the client exchanging equity with the seller and entering into a long-term joint venture. The acquisition expands the client’s market to other states including Colorado, Arizona and Louisiana.
$200 Million Construction Financing
Closed $200 million in construction financing for construction of a health care client’s headquarters expansion. Also helped the client secure various state and local tax incentives, including the issuance of $715 million in Chapter 100 bonds for the project.