Moses & Singer breaks record in sale of 60 Wall Street

June 6, 2007

New York City Firm Breaks record in sale of 60 Wall Street---Moses & Singer attorneys Richard Strauss, Jill Lane, Stephen Nahley, Tracie Cohen and Robert Vidoni recently represented firm client Deutsche Bank in the largest real estate transaction ever to occur in downtown New York City: the sale and leaseback of Deutsche Bank's 47 story, 1.6 million square foot North American headquarters at 60 Wall Street. Deutsche Bank sold the building, which it acquired in 2001 from JP Morgan (in a transaction in which Moses & Singer also represented Deutsche Bank), for $1.18 billion to Paramount Group Inc. Deutsche Bank also leased-back the building in the transaction for a 15 year term. The buyer was represented by Willkie Farr & Gallagher, and the first mortgage lender was represented by Skadden Arps.