Purchase of Urban Portfolio, Washington, D.C.

We represented Grosvenor USA and the BBC in its $234 million acquisition of a 15-property retail portfolio located in Washington, D.C. and surrounding areas. The seller was Starwood Urban Retail. We drafted and negotiated the purchase and sale agreement and represented the buyer in securing financing for the acquisition from Royal Bank of Scotland. We conducted due diligence on the transaction for the buyers, including lease and title reviews.

Graham Maloney headed up our acquisition team, assisted by Davia Love and Jennifer DeMarco.