Debevoise, Pircher Nichols, Orrick Guide $1B Malls Deal

By Andrew McIntyre (December 21, 2015, 2:36 PM EST) -- Westfield Corp. said on Monday that it sold five malls located across the United States — including properties on both coasts as well as in Illinois — for $1.1 billion, a deal Debevoise & Plimpton LLP worked on as counsel to Westfield and Pircher Nichols & Meeks and Orrick Herrington & Sutcliffe LLP steered for a buyer joint venture.

For the Australian shopping center giant, the sales follow a similar size disposition earlier this year. Two of the properties in the latest sale are located in Illinois, and the deal also includes single properties in Connecticut, California and Washington.

The buyer joint venture...

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