Milbank LLP advised funds managed by Pacific Investment Management Company LLC (collectively, “PIMCO”), one of the world’s premier global investment management firms, in connection with the definitive agreement to acquire Columbia Property Trust, Inc. (NYSE: CXP) for $3.9 billion including Columbia’s proportionate share of consolidated and unconsolidated debt.
The transaction is expected to close as early as year-end, subject to approval by Columbia’s shareholders and the satisfaction of other customary closing conditions. Upon completion of the transaction, Columbia’s common stock will no longer be listed on the New York Stock Exchange.
The Milbank deal team was led by Real Estate partner Erwin Dweck, special counsel Patricia Cleary, associates Jonathan Karl, Liam O'Connor, Jasmine Khaneja and Bailey Vincent and legal assistants Brenda Rosenfeld and John Kowalczyk with support from Global Corporate partner Scott Golenbock and Global Litigation & Arbitration partner George Canellos.
