October 14, 2020
Cadwalader is advising the sellers in the sale of three prime retail properties on New York’s Madison Avenue, a transaction reported in The Wall Street Journal. The transaction involves the $45 million purchase by Swiss luxury clothing retailer Akris of three properties that are located between East 69th and 70th streets, and include three ground-floor retail spaces and a combined 15 residences on the floors above. The closing is expected to occur in the fourth quarter.
The Cadwalader team includes senior counsel Fred Altschuler, partner Steven Herman and special counsel Michael Anglin.
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