Overview
LMS-Patson Portfolio
The Nokia Buildings
Union Bank Plaza
Vornado - Patson JV Entity
The Metropolis
Edgewater at Ocean
Galleria Corporate Centre
VORNADO - PATSON JV ENTITY
Date
January 2006
Location
San Francisco Bay
Asset Class
Office & Retail
Client
Patson Companies
Retained by Patson Companies to structure a joint venture equity partnership.
Patson’s objective was to secure a partner willing to fund their business and commit to acquire additional value-added investments in the Bay Area.
A new entity was successfully structured between Vornado Realty Trust and Patson Companies.
Vornado has agreed to fund Patson’s operation and committed significant equity to the venture for future Bay Area investments.
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