May 4, 2016
Partner Robert D. Bickford Jr. was quoted in the Law360 story headlined “Over A Dozen Firms Guided Largest Q1 Real Estate Deals.” The quarter’s largest real estate transaction, more than twice the size of the next biggest deal, was AXA’s $1.9 billion sale of 787 Seventh Ave. in Manhattan to the California Public Employees’ Retirement System's in January. Kelley Drye partners Robert D. Bickford Jr. and W. Christian Drewes represented AXA in the deal.
According to Bickford, AXA put the property on the market in September, found a buyer by December, and the closed in late January. Bickford said the 787 Seventh Avenue sale “included some reasonably significant artwork” like a Lichtenstein mural in the lobby. Kelley Drye’s Real Estate Practice Group has a longstanding relationship with AXA, “we represented AXA predecessor companies ... as long ago as 1980,” Bickford said. “It’s a very important and valuable relationship.”
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