We advised Meadow Partners on its joint ventures with affiliates of Tribeca Investment Group

Davis Polk advised Meadow Partners in a joint venture with affiliates of Tribeca Investment Group, LLC, which venture simultaneously entered into a joint venture with affiliates of PGIM, Inc. (the “Joint Venture”), to acquire a ground leasehold interest in the property located at 295 Fifth Avenue, New York, NY, known as the Textile Building. The Joint Venture will redevelop the 16-story, approximately 700,000 square foot office building located on the property. The fee interest in the property is owned by Manhattan Properties I, LLC. 

Meadow Partners is a vertically integrated private real estate investment firm based in New York City and London that manages a series of closed-end private equity funds and separate accounts on behalf of institutional investors. Since inception, Meadow Partners has invested over $1.5 billion of equity and has acquired more than $5 billion of real estate assets in its target markets of New York City, Washington DC, London and Paris.

Tribeca Investment Group is a private real estate investor, developer and operator specializing in the acquisition, repositioning and development of commercial, hotel and residential assets in Manhattan. 

PGIM, Inc., formerly Prudential Investment Management, is the asset management arm of Prudential Financial.

The Davis Polk real estate team included partner Brian Lichter. Partner Po Sit and associate Lex L.
Varga provided tax advice. All members of the Davis Polk team are based in the New York office.

Duval & Stachenfeld LLP advised Tribeca.

Goodwin Procter LLP advised PGIM, Inc.

Greenberg Traurig LLP advised Manhattan Properties I, LLC.

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