ATLANTA (June 12, 2019) – Smith, Gambrell & Russell, LLP (SGR) is pleased to announce the firm served as legal counsel to Lonicera Partners, one of Downtown Brooklyn’s leading real estate development companies, in the acquisition of a five-parcel assemblage from three different sellers.
The property, to be known as 308 Livingston Street, is in the pre-construction phase and site work is expected to commence imminently. The project qualifies for the 35-year Affordable New York tax abatement. Lonicera Partners’ portfolio includes 415 Red Hook Lane, 153 Remsen Street, 70 Schermerhorn along with 7 other properties in the Downtown Brooklyn area.
“This deal had it all: multiple sellers, multiple parcels, occupied units, and last-minute curve balls, but we got it done,” said Todd Pickard, SGR partner. “It was very satisfying and a true team effort.”
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 250 attorneys provide legal counsel in more than 45 specialized practice areas, including corporate transactions, litigation, intellectual property, aviation, banking, real estate, construction, employment law, and employee benefits and executive compensation. Founded in 1893, SGR has offices in Atlanta, Austin, Jacksonville, London, Los Angeles, Miami, Munich, New York, Southampton, and Washington, D.C.