DLA Piper represents Fosun International in acquisition of One Chase Manhattan Plaza
DLA Piper has represented Shanghai-based Fosun International in its $725m (£440m) acquisition of One Chase Manhattan Plaza in New York from JPMorgan Chase.
The transaction, which closed on 17 December, marks the largest purchase of a New York building by a Chinese investor. The 60-story, 2.2-million-square-foot office building was once the headquarters of Chase Manhattan Bank.
The DLA Piper team representing Fosun International was led by real-estate partners Stephen Cowan (San Francisco) and Andrew Levy (New York) and senior associate Lillian Duan, head of the real-estate group in Shanghai.
Paul Chen (Silicon Valley) served as lead partner on corporate matters, and other lawyers who advised on the transaction include Laurie Scola, Jim Hurley, Mark Boxer, Amy Carbins and Rachel Freedberg in San Francisco; Jim Anderson, Spencer Markel, Yang Du, Jose Campos and Janet Dudley in Silicon Valley; John Phelan, Josh Sohn and Dianne LaRocca in New York; Bradley Levy in Chicago; Michael Meyer in Los Angeles; and Harriet Lipkin in Washington DC.
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