ATLANTA (June 28, 2018) – Smith, Gambrell & Russell, LLP (SGR) is pleased to announce the firm served as legal counsel to 15 East 57th Street Associates in its sale of the property at 15 East 57th Street in Manhattan to Chanel, Inc. for approximately $81,466,000. Chanel, Inc., the American arm of the French high-fashion retailer, has occupied the building since 1993, which includes its Manhattan headquarters and flagship retail store.
Once a six-story building and home to several antiques dealers, the 15 East 57th building is a prime example of East 57th Street’s evolution into a fashion mecca. Completely occupied by Chanel, the building was expanded to 17 stories in 2006 and was given a multi-million dollar renovation in 2016.
The SGR New York legal team included Dana Mark, Partner in Private Wealth Services and Real Practice attorneys, including Associate Dexterrie Ramirez, Partner Anne Pitter, and Partner Eliot Zuckerman. Atlanta’s Joe Mandarino, Partner in the Tax Practice, also assisted.
About Smith, Gambrell & Russell, LLP
SGR is a full service, international law firm that advises regional, national and global businesses on a wide range of legal matters. The firm’s more than 220 attorneys provide legal counsel in more than 45 specialized practice areas, including corporate transactions, litigation, intellectual property, aviation, banking, real estate, construction and employment law. Founded in 1893, SGR has offices in Atlanta, Austin, Jacksonville, London, Los Angeles, Munich, New York, Southampton, and Washington, D.C.