DLA Piper Guides PE Firm In Philly Parking Garage Buy

Law360, New York (January 4, 2012, 6:45 PM EST) -- Real estate-focused private equity firm Green Courte Partners LLC has agreed to purchase the 10-level Avenue of the Arts Parking Garage in Philadelphia's arts district for an undisclosed amount, the company announced Wednesday.

A spokesman for Green Courte declined to disclose the name of the seller, but said there were multiple entities on the other side of the transaction, which closed Dec. 23. The deal, made through the company's $406.9 million Green Courte Partners Fund III, is in line with its strategy of acquiring nontraditional real...
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