Helping a Global Retailer Navigate $1B in Spin-Off Real Estate Transactions

In connection with an international retail client’s corporate acquisition of another company, Seyfarth handled several significant spin-off real estate transactions which were critical to the retail client’s largest corporate acquisition in its history. The largest of these real estate deals involved a Seyfarth team of 20+ attorneys, paralegals and case assistants who closed a large sale transaction involving approximately 300 locations owned by the client and three buyer groups with a total $1 billion purchase price. The transaction was important to the client because the divestiture of the properties was required by the U.S. Federal Trade Commission. In a collaborative team effort that took advantage of the firm’s project management and technology capabilities, the Seyfarth team successfully closed the sale-leaseback deal allowing for the completion of the corporate acquisition.