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    4. Nixon Peabody represents First Industrial’s $100 million-plus sale of Cleveland-area portfolio

      Media

    Nixon Peabody represents First Industrial’s $100 million-plus sale of Cleveland-area portfolio

    Oct 25, 2022

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    Contact

    Mitch Simon

    Media Relations Specialist

    • Office +1 312.977.9281
    • msimon@nixonpeabody.com

    Boston, MA. International law firm Nixon Peabody LLP is pleased to have represented First Industrial Realty Trust (NYSE: FR) in the more than $100 million sale of a six-building, 1.2 million-square-foot portfolio in Ohio.

    The properties—primarily occupied by distributor and manufacturer tenants across various industries—encompass five industrial assets in Glenwillow and one in Twinsburg. This six-building portfolio represented First Industrial’s final asset in Ohio, with the disposition aligned with the company’s long-term capital allocation objectives.

    “It was an honor to represent First Industrial on this successful sale and help them with their portfolio management efforts,” said Jim Mayer, a partner in Nixon Peabody’s Affordable Housing & Real Estate practice and deal team leader for First Industrial. “We look forward to future opportunities to partner together and represent First Industrial as they expand their investment in coastal markets with higher rent-growth potential.”

    In addition to James, the Nixon Peabody team included partners David Allswang and Michael Kuppersmith and senior paralegals Natalie Gorence and Deborah Woodrum.

    Locations

    Boston

    Practices

    Affordable HousingReal EstateReal Estate Finance

    Professionals in the Practice Area

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    • Joseph J. Lynch

      Partner
      • New York City
      • Office:+1 212.940.3717
      • jjlynch@nixonpeabody.com
      Joseph J. Lynch
    • Susanna Mitchell

      Partner
      • Washington DC
      • Office:+1 202.585.8150
      • smitchell@nixonpeabody.com
      Susanna Mitchell
    • Meghan C. Altidor

      Partner
      • New York City
      • Office:+1 212.940.3021
      • maltidor@nixonpeabody.com
      Meghan C. Altidor
    • Aaron J. Yowell

      Partner / Chief Innovation Officer
      • New York City
      • Office:+1 212.940.3161
      • ayowell@nixonpeabody.com
      Aaron J. Yowell
    • Nathaniel S. Cushman

      Partner
      • Washington DC
      • Office:+1 202.585.8231
      • ncushman@nixonpeabody.com
      Nathaniel S. Cushman
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