WE ARE ALWAYS… ACCESSIBLE
WE ARE ALWAYS… CLIENT FOCUSED
WE ARE ALWAYS… CLOSING
The 2018 year for Bullard Law Group was full of noteworthy accomplishments. Not only did the firm close some major deals, but we also relocated our office to a larger modern space in Melville, New York. We expanded the team with the hiring of a freshman associate and marketing director. The transactions listed below are just a sample of the work we do on a daily basis and are a testament to our firm’s mantra of always being accessible and always closing.
Acquisitions, Sales and Development
Woodside, New York – The Bullard Law Group represented an Illinois-based development company in connection with its sale of a commercial building in Woodside, New York, for a sales price of $22,750,000. The seller acquired the property approximately one year earlier, simultaneously with its purchase of the adjacent lot, which adjacent lot is being developed into a self-storage facility by the seller. The sale included a lot line adjustment and the transfer of air rights from the property sold to the adjacent lot owned by the seller to accommodate the seller’s development of a self-storage facility. The transaction also involved the modification of the seller’s construction loan and closed in early December, less than ninety days after the contract signing.
New York, New York – The firm represented a foreign investor in connection with the acquisition of two (2) adjacent high-end rental buildings located on the Upper East Side for an aggregate purchase price of $16,500,000. The all-cash purchase closed on black-Friday and less than 45 days from the date of the contract.
Atlanta, Georgia – The Bullard Law Group represented a national automotive retailer in connection with its acquisition of 69 retail locations located in the Atlanta, Georgia, metropolitan area as well as Western Florida for a sales price in excess of $100,000,000. The acquisition included the sale/leaseback of approximately 20 of the retail locations and closed in early 2018.
Westchester, New York – The firm represented a large self-storage company in connection with the sale of one of its operating facilities located in Westchester, New York, to another large storage company. The sales price was $14,000,000, and the closing was completed within sixty days of contract execution.
Finance
The Bullard Law Group represented a Great Neck, New York-based real estate company in connection with a $39,000,000 construction loan from the Bank of Ozarks. The loan will be used for the company’s development of an eighty-eight (88) unit, 94,360 square foot mixed-use residential building in Manhattan’s Lower East Side.
The firm represented the owner/operator of multiple national quick service restaurants (QSRs) in New York City in connection with the company’s refinance of an existing credit facility. The $8,000,000 new loan issued by City National Bank will be used to fund the construction and opening of new QSR stores in New York City. The loan closed in the 4th quarter of 2018 and is secured by the assets of approximately twenty (20) QSR stores in New York City.
Leasing
Long Island City, New York – The Bullard Law Group represented the landlord in connection with a twelve (12) year lease of an industrial warehouse building in Long Island City to a New York-based same-day delivery service company. The lease was negotiated on an expedited basis to accommodate the tenant’s expanding business and the need to move quickly.
New York, New York – The firm represented the landlord in connection with a ten (10) year lease for approximately 3,200 square feet of retail space in Midtown Manhattan to a franchise fitness concept. The lease was negotiated and finalized in less than two (2) weeks, with the parties signing the lease on New Year’s Eve.
Long Island, New York – The Bullard Law Group represented the owner/operator of a gas and convenience service station in connection with the sale of the operating business and a lease of the property to a larger gas station/convenience store operator. In order to accommodate the parties’ request to finalize the transaction prior to the end of 2018, both agreements were negotiated in a few weeks and executed on New Year’s Eve.
