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July 1, 2021
Attorney James Maher Represents Seller in Complex Transaction Requiring Estoppel

Partner James Maher represented the seller of an industrial building in Putnam, Connecticut. This transaction was completed in the aftermath of a sale of manufacturing personal property business assets by the principals of the seller. The seller, in turn, leased the building to the buyer. The sale was unique as it occurred while two principals of the seller were actively involved in debt restructuring negotiations with the buyer and involved negotiations with the tenant to obtain a “clean” tenant estoppel that was requested by the buyer’s lender. The estoppel was obtained and the deal closed in August, 2020; the debt restructure closed June 30, 2021.

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James P. Maher
Real Estate
Corporate Business & Transactions