Haynes and Boone's Newsroom
Kenneth J. Friedman in the New York Law Journal: Pro bono work
After standing vacant for nearly a decade, the redevelopment of 470 Vanderbilt Ave., between Fulton Street and Atlantic Avenue in Brooklyn, has attracted two tenants seeking large spaces.
The owner, GFI Development Company, has signed a 20-year lease with the Human Resources Administration of New York (HRA) for 400,000 square feet and two 25-year leases with the League Education and Treatment Center and Carl Fenichel Community Services Inc., an affiliate of the League, for a total of 77,148 square feet...
As a result of the leases, occupancy for 470 Vanderbilt will be up to 85 percent and "will change the face of the downtown Brooklyn community," Allen Gross, the president and chief executive officer of GFI Capital Resources Group Inc., the parent company of GFI Development, said in a statement.
Kenneth J. Friedman, a partner in the finance and real estate practice groups at Haynes and Boone, represented the League on a pro bono basis. Mr. Friedman is also on the League's board of directors.
Excerpt from the New York Law Journal, Nov. 10, 2011. To view the full article, click here.