Gina M. Mavica

Experience

Acquisitions, Dispositions and Development

• Represented an affiliate of Turnbridge Equities in its $56 million purchase and acquisition financing of a 10 acre industrial development site in the Bronx, New York.
• Represented an affiliate of Turnbridge Equities in its $52 million purchase and acquisition financing of a 550,000 square foot last mile industrial property in Parsippany, New Jersey.
• Represented an affiliate of Turnbridge Equities in its acquisition of a long-term leasehold interest in a 90,000 square foot last mile industrial property in Brooklyn, New York.
• Represented an affiliate of Turnbridge Equities in its $38 million acquisition financing of Cary Towne Center, a 828,000 square foot distressed shopping mall, in Cary, North Carolina.
• Represented the shareholders of an entire cooperative in the sale of their interests in a building located in the SoHo area of New York City.
• Represented Sherwood Equities in multiple transactions involving the acquisition of inclusionary housing certificates from affiliates of AvalonBay Communities Inc. and Silverstein Properties with respect to Sherwood's development site located at 452-460 10th Avenue in New York City.
• Represented Sherwood Equities in the acquisition, sale and development of high-profile sites in the Hudson Yards area of New York City, including:  
  • The $200 million sale of 509 West 34th Street, 447 10th Avenue, 449 10th Avenue and 527 West 34th Street to Tishman Speyer.
  • The $167.3 million sale of 360 10th Avenue to the McCourt Group, headed by former Los Angeles Dodgers owner Frank McCourt.
  • The acquisition of 527 West 34th Street from the city of New York.
• Represented an affiliate of Toll Brothers City Living in the acquisition of development rights from a site on 1st Avenue between East 52nd Street and East 53rd Street in Manhattan.
• Represented a developer in connection with the acquisition of a commercial site in San Francisco, California. The client intended to redevelop the property into residential apartments.
• Represented a developer in connection with the refinancing of two existing residential apartment buildings in Englewood, New Jersey. The loan was provided by State Farm Life Insurance Company and the transaction involved addressing the complex zoning approval history for the project.
• Represented a developer in connection with the refinancing of an existing $10 million bridge loan on a development site in the Meatpacking District of New York City. The loan was cross-collateralized and cross-defaulted with existing debt of more than $30 million on adjacent properties owned by an affiliate of the borrower.
• Represented a client in connection with the purchase of a $19 million retail center in Key West, Florida, and $14 million of acquisition financing.
• Represented a property owner in the sale of a 179-unit affordable housing complex located in East Harlem, New York, which was known for many years as Tricham Houses and was renamed East River Apartments by the buyer.
• Represented Sherwood Equities in connection with the acquisition of a development site at 508 West 20th Street, New York, near the High Line Park.
• Represented the U.S. subsidiary of Blinds to Go Inc., a Canadian corporation, in the purchase of property in Paramus, New Jersey. Blinds to Go occupies a portion of the space at the property and this acquisition is part of its plan to expand its operations in the U.S. The acquisition included the assumption of the seller's existing debt.

• Represented Turnbridge Equities on the sale of the leasehold interest at 2300 Linden Blvd., Brooklyn, New York, and fee interest in 835 Essex Street, Brooklyn, New York (the parking lot that services 2300 Linden Blvd.). The purchase price was $25,650,000.

Finance

• Represented a commercial bank in connection with numerous warehouse lines of credit ranging in amounts from $9 million to $50 million secured by underlying mortgage loans.
• Represented a commercial bank in a $65 million acquisition and capital improvement loan to finance the acquisition and improvement of 14 multifamily properties in Houston, Texas.
• Represented a multinational banking and financial services corporation as administrative agent and lender in a syndicated loan transaction to refinance a portfolio of office properties.
• Represented a commercial bank in a $60 million construction loan to finance the conversion of a historic hotel in Chicago to residential apartments.
• Advised a large private banking group working with high-net-worth individuals on a $163.5 million facility, which included, among other collateral, a $48.8 million mortgage on a major art dealer's storied Chelsea art gallery in New York City.

Leasing

• Represented a landlord in connection with the negotiation of a 99-year ground lease for property located in the Meatpacking District of New York City, together with amendments to two existing ground leases among affiliates of the parties for properties adjacent to the new development site.
• Continued representation of a developer in the negotiation of a 99-year ground lease for a hotel development site in Brooklyn Heights, New York.
• Represented a landlord in connection with a lease to The Gap Inc. for retail property located in Key West, Florida.

Memberships

• American Bar Association
• Commercial Real Estate Women of New York (CREW)
  • Board of Directors: Treasurer (2018)
• International Council of Shopping Centers (ICSC)
• Mortgage Bankers Association (MBA)
• New York State Bar Association