Press Release

Kirkland & Ellis Represents Starwood Capital in Purchase of Office Properties from Duke Realty

Kirkland & Ellis represented an affiliate of Starwood Capital Group, in a joint venture with affiliates of Vanderbilt Partners and Trinity Capital Advisors, in its entering into an agreement to purchase a portfolio of suburban office properties from Duke Realty Corporation (NYSE: DRE) for $1.12 billion. The 62 building portfolio, which totals 6.9 million square feet, and 57 acres of undeveloped land, includes all of Duke's wholly owned suburban office properties located in Nashville, Tenn., Raleigh, N.C., South Florida and St. Louis. Closing of the transaction is subject to certain customary conditions and is expected to occur on or about April 1, 2015, except for one property currently under construction, which is expected to close upon completion in late 2015.

More information on the transaction is available here.

The Kirkland team includes real estate partners Jonathan Schechter, Scott Berger, Rachel Brown, David Rosenberg and Travis Fleming.