Kirkland Advises TPG on $2 Billion Acquisition of Grocery-Anchored Retail Leader ECHO Realty

Kirkland & Ellis advised TPG Real Estate on the acquisition of ECHO Realty, a full-service owner and operator of best-in-class grocery-anchored retail real estate, in a transaction valued at approximately $2 billion. The transaction was led by TPG in partnership with leading global investment groups, including PSP Investments, La Caisse, and Norges Bank Investment Management. ECHO owns and operates approximately 230 retail centers located across key Midwest and Southeast U.S. markets, anchored by grocery and convenience stores with premier tenant relationships, including Giant Eagle, Publix, Harris Teeter Supermarkets, Safeway, ACME Markets, Whole Foods Markets and Alimentation Couche-Tard.

Read the transaction press release

The Kirkland team included real estate lawyers Yaman Shukairy, Andrew Small, Rachel Brown, Rob Miceli, Leena Chopra, Bridget Sewell, Mary Davis, Dominic DeMarco, Connor Paulshock and Christina Dolamore; corporate lawyers Adam Clifford, Dan Li, Yash Nair and Chris Solis; tax lawyers Mike Beinus, Lora Shub-Brown and Jeremy Miller; investment funds lawyers Brett Saltzman, Kevin Pavloski, and Ryan Pfutzenreuter; and executive compensation lawyers Stephen Brecher and Daniel Iverson.