Experience

Notable Acquisitions and Dispositions Experience

  • Represented a commercial real estate investment management company in a joint venture and the permanent financing for the acquisition of The Xchange at Bedford, a 479,000 square foot eight-building R&D and life science campus in Bedford, Massachusetts.
  • Represented a commercial real estate investment management company in a joint venture and the permanent financing for the acquisition of the Stony Brook Office Park in Waltham, Massachusetts, consisting of 270,000 square feet in four interconnected buildings.
  • Represented the seller in the creation of a commercial condominium in an existing building in Boston and the sale of a major condominium interest in the building to a developer for the conversion to multifamily use.
  • Represented a joint venture partner in the sale of an office building in the Crown Colony Office Park in Quincy, Massachusetts.
  • Represented a Fortune 100 company in the sale of its downtown Boston headquarters building. The transaction involved the conversion of an office building containing over 800,000 square feet to a commercial condominium, and the sale and short-term leaseback of a major condominium interest in the building.

Notable Financing Experience

  • Represented the agent bank in a $142.5 million senior secured syndicated term loan for the acquisition of a 51-building industrial/flex portfolio containing 2.9 million square feet across multiple Chicago submarkets in Illinois and Indiana.
  • Represented the agent bank in a loan on loan transaction, consisting of a $47.8 million syndicated loan made by a bank group to a privately held portfolio lender secured by the pledge of a first mortgage loan on five multifamily properties in San Francisco, California.
  • Represented a bank in a $46.2 million loan secured by an office and industrial property containing 209,000 square feet on a long-term ground lease located within the Raymond L. Flynn Marine Park in Boston’s Seaport District.
  • Represented an economic development and finance agency in a site remediation loan to facilitate the redevelopment of a Brownfields site for a mixed use project containing 50 apartment units and ground floor retail on a long-term ground lease in the Dudley Square section of Boston.
  • Represented a bank in $14.6 million loan to refinance existing debt and to fund capital and tenant improvements at a medical office building in Stamford, Connecticut.
  • Represented a bank in a $14 million construction loan for the development of three buildings containing 62,000 square feet of retail and restaurant uses in Hanover, Massachusetts.
  • Represented a bank in a $2.3 million tax-exempt bond financing for the purchase, renovation and equipping of a building for a community music school and preschool in Newton, Massachusetts.
  • Represented a commercial real estate investment management company in multiple mezzanine loans involving: a hotel in Santa Monica, California; office towers in Stamford, Connecticut and Cleveland Ohio; and multifamily properties in Silver Spring, Maryland; Brooklyn, New York; and Woodbridge, Virginia.
  • Represented a commercial real estate investment firm in a preferred equity investment and construction financing for an 86-unit luxury apartment project in Malden, Massachusetts.
  • Represented banks in mortgage warehouse loan facilities to borrowers who are Fannie Mae DUS, Freddie Mac and Ginnie Mae licensed mortgage lenders.

Notable Leasing Experience

  • Represented a law firm in an office lease in its relocation from Cambridge to the Financial District in Boston.
  • Represented a commercial real estate investment firm in its new office lease in Stamford, Connecticut.
  • Represented a telecommunications company in a 200,000 square foot downtown Boston office lease and numerous other tenants in retail, industrial and office leases.

Firm Highlights

News

Verrill Welcomes Attorney Clayton Brite to Firm’s Real Estate Group

Matter

Elections and Constitutional Law: Successfully Challenged Certification of Initiative Petition

In a victory for consumers and the ride-hailing public, the Massachusetts Supreme Judicial Court recently barred the Secretary of State from placing on the November ballot initiative petitions proposed by companies such as Uber...

Publication/Podcast

New DOJ Task Force Announced Will Impact Health Care Providers & Prescribers in Northern New England

Major enforcement news was released today, Wednesday, June 29, 2022, for medical professionals and anyone working in or around the health care space in Maine , New Hampshire , and Vermont . The United...

Matter

Advised Fortune 500 Company on Group Health and Welfare Benefit Plans

We were engaged by a Fortune 500 manufacturing company to provide legal and compliance services regarding its group health and welfare benefit plans. During the course of our representation, we have advised the company...

Blog

2025 Is the New 2022: IRS Extends Deadline to Adopt SECURE Act Amendments and CARES ACT Waiver of 2020 RMDs Amendment

On August 3, 2022, the IRS released Notice 2022-33 , which extends the deadline for plans to adopt: all SECURE Act [1] amendments, optional or required (a summary of SECURE Act changes can be...

Publication/Podcast

BLM-Masked Employees of Whole Foods Lose Race Bias Appeal Regarding Dress Code

Blog

DOL Proposes Amendments to QPAM Exemption

On July 27, 2022, the Department of Labor (DOL) proposed a set of amendments to Prohibited Transaction Class Exemption 84-14, the so-called “QPAM Exemption,” which permits an investment fund [1] holding assets of ERISA...

Publication/Podcast

Hospitals Win 340B Medicare Rate Cut Suit, But When, How, and How Much They Will Recoup Remains Unclear

In a recent unanimous decision, the Supreme Court found that the Centers for Medicare and Medicaid Services (“CMS”), part of the federal Department of Health and Human Services (“HHS”), erred when it significantly reduced...

News

Verrill Welcomes Back Attorney Stephen B. Segal to Firm’s Litigation & Trial Group

Blog

Charitable Promotions, Commercial Co-Ventures, Donors Choose, Round-Up, and Peer-To-Peer Solicitations

It’s not often that you get BIG news in Charitable Promotions Law. But last year, California passed a comprehensive law that goes into effect on January 1, 2023. So, for all of you brands...

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