Investor Group Takes Full Control Of NYC High Line Complex

Law360, New York (January 3, 2013, 3:16 PM EST) -- A group of private equity firms has taken full control of a 1.3-million-square-foot office building at the end of the High Line after closing a last-minute deal last week to buy out philanthropist Eugene M. Grant's 50.1 percent stake, an attorney for the group said Thursday.

Fortress Investment Group, Atlas Capital Group and Westbrook Partners boosted their 49.9 percent stake to 100 percent at 550 Washington St. in a deal that closed Dec. 28, according to Fried Frank Harris Shriver & Jacobson LLP's Jonathan Mechanic, who...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.