Schwartz Sladkus Reich Greenberg Atlas LLP, a leading New York City-based full-service law firm, represented a joint venture between Daishin Securities Co. Ltd. and Alchemy Properties Inc. in the purchase of an Upper West Side development site from the Collegiate Church for $158 million. The law firm also represented the buyers in obtaining $230 million in acquisition and construction financing from Bank OZK.
Jeffrey M. Schwartz, a partner at SSRGA, represented the buyers in the sale, along with colleagues Kelly Kulak and Jessica Furgiuele. Alchemy’s partner, Daishin Securities, was represented by Paul Shapses and his colleagues, Alexander Walker and Thomas Margiano, at Pillsbury Winthrop Shaw Pittman LLP.
“We were pleased to provide legal and advisory services for this complex transaction and the subsequent construction financing,” said Schwartz. “This project will offer a dynamic new residential destination for the Upper West Side.”
The purchase included two buildings, 260-262 West 78th Street, and the adjoining 378 West End Avenue. The new project is expected to offer approximately 20,000 square feet of amenities.
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