July 23, 2008 – LAWFUEL – Law Firm Newswire – Chadbourne & Parke represented The Mattone Group in the approximately $100 million acquisition of the Roosevelt Raceway Center in Westbury, N.Y.
The Mattone Group purchased the property from ING Clarion Partners, a Manhattan-based investment arm of a Dutch financial company. ING had owned the center for nearly five years.
Working for Chadbourne on the deal was New York office real estate counsel Thomas Charbonneau. Chadbourne also represented The Mattone Group on a $70.07 million acquisition loan financing with New York Community Bank.
Mattone Group closed on the deal at the end of June.
The property, which has 427,000 square feet of commercial space, includes big-box retailers Home Depot Expo and Babies R Us, the Loew Raceway 10-movie theater and several restaurants.