$13 million Tuscaloosa, Alabama Manufacturing/Office Facility Real Estate Transaction

Michael Bernard Rover

Case Conclusion Date:August 10, 2012

Practice Area:Real Estate

Outcome:Successfuly closed escrow

Description:Represented buyer in a $13.5 million real estate acquisition of a single tenant 156,000 square foot automotive component maunfacturing facility near Mercedes Benz's mafufacturing plant. The transaction included debt assumption from PNC Bank including compliance with lender's requirements including formation of a single purpose Delaware LLC and obtaining Delaware counsel legal opinion as to parent company good standing. Representation included transaction documentation, due diligence regarding condition of title, property condition, underwriting of tenant financial viability and capacity, and closing issues.