Close on transactions for development of a 360,000 sq ft multi-building campus in
West Los Angeles for Riot Games

Purchase of Wedgwood Senior Apartments

Legal Advisor to Echo & Rig Butcher and Steakhouse

Sale of E.S. Kluft & Co

Joint Venture between CAM Core + Fund 1 and Oaktree

Asset Sale of Sandel Medical Industries

Lease for MGM Corporate Headquarters

Close on an acquisition of a portfolio of New Jersey properties for $163,000,000

Advisors LLP closes transactions for development of a 360,000 sq ft multi-building campus in West Los Angeles for Riot Games

 

Transaction Overview:
Advisors LLP represented Riot Games in the development of a new corporate headquarters facility for the entire Element creative office project, consisting of 5 buildings set on 12 acres, being constructed by Hudson Pacific Properties in West Los Angeles, together with a production facility and live "battle arena" across Olympic Blvd at Kilroy's Westside Media Center. Riot Games plans to bring over 1,000 employees to the new campus, which was described in the press as the largest office lease transaction in Los Angeles or Orange Counties in the last 5 years. The Advisors team of real estate experts provided comprehensive due diligence services for Riot Games, including entitlements, title, and environmental review. Our attorneys negotiated long term lease contracts for both properties and separate agreements for all aspects of the architecture, engineering, and construction of the new state-of-the-art production facilities and corporate headquarters.


About Riot Games:
Riot Games is a Los Angeles-based online video game developer and publisher established in 2006 to develop innovative online next-generation games. Riot released its debut games, League of Legends, in 2009 to critical and player acclaim. Over 67 million people play League of Legends every month and Riot's eSports division hosts live international tournaments that are broadcast online.





Purchase of Wedgwood Senior Apartments

 

Transaction Overview:
Advisors LLP represented affiliates of Entrada Partners in the purchase of Wedgwood Senior Apartments, an 11 story apartment building located in San Antonio, Texas. The representation included the negotiation and closing of the purchase agreement, tenancy-in-common agreement for the two-party purchaser, equity financing, and secured mortgage loan.


About Entrada Partners:
Entrada Partners is a multifamily asset and property management firm headquartered in Los Angeles, California. Entrada's principals with a combined 25 years of experience have managed over 16,000 apartment units across the country on behalf of institutional lenders, equity investors, developers, owners and operators. Applying an entrepreneurial but disciplined approach to its projects, Entrada focuses on the creation and execution of each asset's business plan.





Legal Advisor to Echo & Rig Butcher and Steakhouse

 

Transaction Overview:
Advisors LLP represented Sam Marvin and Goat Restaurant Management in the development, organization and financing of Echo & Rig Butcher and Steakhouse, which opened its first location at the Tivoli Village in Las Vegas, Nevada on August 29, 2013. The 2 floor, 12,500-square-foot venue presents a unique restaurant concept where customers can eat as well as shop high quality meats at value pricing. Advisors represented the venture in all aspect of its development - from the formation of the company, its initial rounds of financing, to the leasing and opening at Tivoli Village. Echo & Rig is the brainchild of Sam Marvin, a celebrity chef and CEO of Goat Restaurant Management. 





Advisors LLP completes a sale of E.S. Kluft & Co.,
Manufacturer of Luxury Mattresses under Aireloom & Kluft Brands

 

Transaction Overview:
Advisors LLP's securities, mergers and acquisitions department represented a sale of the manufacturer of Aireloom and Kluft brands to Vi-Spring, a high-end British bedding maker and wholly owned subsidiary of Flex Group of Spain. The deal will strengthen Vi-Spring's presence in North America and will give the Flex Group of Spain a more prominent position in North American bedding landscape. The deal expands E.S. Kluft & Co.'s leadership in the U.S. luxury bedding segment and enhances its international presence by leveraging Vi-Spring's existing retailer network.  Vi-Spring has operations in Europe, Asia and North America, and its parent company, the Flex Group of Spain, which has a strong presence in southern Europe and Latin America. 

Advisors LLP also negotiated a long-term contract for Mr. Earl S. Kluft, the founder of E.S. Kluft & Co., to remain as the chief executive officer of the combined North American company. 


"The team at Advisors, in particular Tony Lee and Leigh Morris, was the perfect partner for us on this very long and complicated transaction, with international buyers, banks, auditors and attorneys. As always with Advisors, the fees were reasonable, the expertise was invaluable, and they were available 24/7 for us. We made a very wise choice to go with Advisors.  "

Earl Kluft



Advisors LLP closes joint venture between
CAM Core + Fund 1 and Oaktree Capital Management

 

Transaction Overview:
Advisors LLP represented CAM Core + Fund 1 (the "Fund") in the creation of a new joint venture (GAP CAM Master) with a subsidiary of a fund managed by Oaktree Capital Management. The joint venture was capitalized with new capital from its members, a new loan from PPM in the amount of $85 million and an in kind contribution of the Fund's 22 property industrial real estate portfolio containing approximately 3 million square feet located in seven markets throughout the United States.


"Our firm's corporate and real estate groups partnered with the Fund to structure and negotiate this innovative joint venture. Depth of expertise in this area and understanding of the Fund's core business uniquely positioned the team to efficiently achieve the Fund's objectives. We congratulate the Fund, a client with our firm since inception, on the recapitalization and refinancing of its portfolio."

Leigh Morris
Partner, Advisors LLP

 

About CAM CORE+ Fund 1 LLC:
The Fund was formed in 2005 for the purpose of investing in net leased industrial and office properties throughout the United States. The managing member of the Fund is CAM Fund Capital 1, which is an affiliate of Cohen Asset Management, a private commercial and industrial real estate investment firm. The firm's relationships extend to high net worth individuals, institutional investors and domestic business entities. The firm operates and invests in commercial and industrial real estate assets as a value added investor.




Advisors LLP corporate department closes an asset sale of
Sandel Medical Industries, LLC

 

Transaction Overview:
Advisors LLP's securities, mergers and acquisitions department represented Sandel Medical Industries, LLC in a sale of substantially all of the assets of Sandel to a subsidiary of Ansell Limited, a publicly-traded Australian company, for consideration which included cash and a substantial performance based earn-out component. Ansell is a global leader in the development and manufacture of medical protection solutions. With operations in North America, Latin America, Europe, the Middle East, Africa and Asia, Ansell through its various subsidiaries and affiliates employs more than 10,000 people worldwide and holds leading positions in the industrial and medical markets.


"Advisors LLP represented Sandel as corporate counsel from its formation and initial financing in 2001 and in all aspects of its operations for 10 years, culminating in its successful sale on July 1, 2011 to a strategic buyer."

Leigh Morris
Partner, Advisors LLP

 

About Sandel Medical Industries:
Founded in 2001, Sandel has been dedicated to developing innovative products focused on addressing and eliminating safety issues for healthcare patients and staff. Sandel collaborates with healthcare professionals to identify issues leading to the design, development and manufacturing of a variety of cost effective products and services. Today, Sandel manufactures over 100 innovative products and has evolved into a leading manufacturer of medical and ergonomic safety devices.




Advisors LLP represents MGM in its long-term lease of
new corporate headquarters in Beverly Hills

 

Transaction Overview:
Advisors LLP represented Metro-Goldwyn-Mayer  in the lease of over 130,000 sf in the newly constructed office building located at 235 N Beverly, across from the Montage Hotel in the heart of Beverly Hills.


"MGM benefitted from our prior experience negotiating leases with the property owner, George Comfort & Sons.  The transaction was particularly challenging due to the extremely tight timetable as MGM emerged as a restructured and revitalized company."

Robert Plotkowski
Partner, Advisors LLP

 




Advisors LLP closes on an acquisition of a portfolio
of New Jersey properties for $163,000,000

 

Transaction Overview:
Advisors LLP represented Cohen Asset Management, Inc. in connection with an acquisition of a portfolio of high quality northern New Jersey industrial and office properties for approximately $163,000,000. The portfolio, comprised of approximately 2.6 million square feet of warehouse and office space, was acquired by a joint venture between our client and a financial partner. The transaction represents one of the largest acquisitions of industrial properties in New Jersey in many years.



About Cohen Asset Management, Inc.
Established in 1992, Cohen Asset Management, Inc. is a proven, national real estate owner and operator with a primary focus on the industrial real estate sector. Advisors LLP has represented Cohen Asset Management since its inception.