Chicago, May 17, 2007 – LAWFUEL- The Law News Wire – Baker & McKenzie LLP represented the Spanish subsidiary of Barclays Bank plc, and part of Grupo Barclays España, Barclays Bank, S.A., as lender and agent in connection with a US$16,000,000 second mortgage financing and the first amendment to a US$51,000,000 first mortgage financing, in each case, over an 11 story multi-tenant office building in Washington, D.C., known as the Southern Railway Building, containing 250,605 square foot of net rentable area on a 32,673 square foot parcel of land, provided in favor of 1500 K Street LLC.
Grupo Barclays España is the sixth privately-owned banking group in Spain by total assets, 15,366 million euros, and the fifth by number of branches. Barclays has a network of over 500 branches in Spain and more than 500,000 clients, 60,000 of which are SMEs. After 30 years in Spain, Barclays has become the leader in foreign banking in Spain.
Jose A. Moran, Baker & McKenzie Banking & Finance Partner, said: ”We are pleased with the opportunity to advise Barclays Bank, S.A. on this significant cross-border transaction, as well as, to continue to serve Barclays Bank, S.A. through a single team of attorneys across different fields of law and countries.”
The Baker & McKenzie team was lead by banking & finance Partners Jose A. Moran and Craig Meland in Chicago, with the assistance of Partner Steven Murawski in Chicago, Partner David Cole in Washington, D.C., and associate Andres Vidal and paralegal Nancy Vidad in Chicago.
Manel García and Patricia McDonald both associates and tax specialist based in the Barcelona and Chicago offices respectively assisted in connection with certain tax aspects related to this secured financing.
1500 K Street LLC was represented by Greene Radovsky Maloney Share & Hennigh LLP.