DLA Piper advises Goldman Sachs in US$102 million sale of 15 industrial properties

DLA Piper represented Goldman Sachs in the sale of a real estate portfolio consisting of 15 industrial properties for US$102 million to Plymouth Industrial REIT.

The industrial buildings in the portfolio, which total three million-square-feet, are 96 percent leased to single and multi-tenants in manufacturing and distribution. DLA Piper also represented Goldman Sachs in the related seller financing transaction.

The sale comes almost three years after Goldman Sachs, along with Brennan Investment Group, acquired the properties as part of a US$170 million portfolio deal. DLA Piper also represented Goldman Sachs in that transaction.

The DLA Piper team representing Goldman Sachs was led by partner Andrew Weil and attorney Julie Ehrlich (both of Chicago), and included partner Jeffrey Hare (Washington, DC) and associates Abby Flanagan and Aaron O'Donnell (both of Chicago).