Nutter Represents The Gove Company, Inc. in $40 Million Sale of Newbury Street Parking LotPrint PDF
Boston – Nutter represented The Gove Company, Inc. in its sale of a parking lot on Newbury Street in Boston to L3 Capital, a Chicago-based investment firm. The total value of the transaction was $40 million. Phil Rosenblatt, past chair of Nutter’s Corporate and Transactions Department and co-chair of the firm’s Commercial and Real Estate Finance group, led the legal team, which included Beth Mitchell, Michael Mooney, Jessica Alfano Powell, Kevin Meuse, and David Libardoni.
The Gove Company is owned by shareholders who were members of a family that owned the property for generations. Nutter served as corporate counsel to the company and advised a number of family members in the transaction.
Located in Back Bay, this one-third of an acre parcel was the only surface parking lot in one of Boston’s most desirable neighborhoods. Covering the corner of Newbury and Dartmouth Streets and a block from Copley Square, the parcel is at the heart of the city’s upscale retail and mixed-use development.
Lawyers in Nutter’s Corporate and Transactions, Private Client, and Real Estate Departments collaborated closely to ensure a smooth transaction. Members of Nutter’s Corporate and Transactions Department represent domestic and international corporations, publicly traded and privately-held companies, private equity firms, nonprofit institutions, and family-owned businesses in a wide variety of domestic and cross-border transactions. Nutter’s corporate law practice handles the full range of M&A and private equity transactions, including representing buyers and sellers in auctions and bid processes, mergers, asset sales, stock purchases, leveraged buyouts, roll-ups, joint ventures, PIPEs, going private transactions, exchanges of securities, friendly and hostile tender offers, proxy contests, and acquisitions of corporate subsidiaries and divisions.
The firm’s private client lawyers provide individualized, practical advice and legal counseling on a wide variety of issues. Its clients include high net worth individuals and families, entrepreneurs, private business owners, and executives, among others. Clients turn to Nutter’s private client attorneys to advise on, prepare, and implement all aspects of estate planning, estate administration, and trust administration.
Nutter’s robust commercial real estate practice provides expertise, both nationally and regionally, on the wide range of legal challenges surrounding all types of real estate, including the most complex transactions and developments. The team has broad experience covering real estate transactional and finance work, as well as related entitlement, land use, and environmental matters. Owners, operators, lenders, developers, property managers, institutional investors, governmental authorities and quasi-governmental organizations, hospitals and other health care providers, educational institutions, and other not-for-profit entities frequently turn to Nutter for legal advice on their real estate needs.
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