December 12, 2012 // Franchising.com // New York - The New York real estate practice of law firm SNR Denton has advised PiYi Investment Limited in a nearly 10,000 square-foot-lease at 40 Wall Street in Lower Manhattan.
This is the first US location for PiYi Investment, a cross-border private equity and financial services company, which will occupy the entire 52nd floor of the landmarked 40 Wall Street. The lease terms is for 10 years and five months. The 72-story classic art deco building, also known as The Trump Building, is the tallest building in downtown New York City.
Leading the SNR Denton team that provided legal counsel to PiYi Investment was Gary Goodman, who heads the firm's New York Real Estate practice and its global Real Estate, Retails and Hotels sector team. SNR Denton partner Andrew Weiner also provided legal counsel.
Chase MacLeod of UGL Services was PiYi Investment's real estate broker.
"PiYi Investment wanted an iconic building to serve as its flagship office in the United States and 40 Wall Street was an ideal location," said Goodman. "The building has sophisticated amenities and is at the heart of Wall Street, just a block from the New York Stock Exchange, providing PiYi a perfect location to expand its American-based operations."
"We are excited to be planting a flag in New York as we embark on our US growth plan," said Jay Riskind, Managing Director of Global Projects for PiYi Investment. "40 Wall Street is a prestigious building and will be the perfect address to call our North American home."
SNR Denton is a client-focused international legal practice delivering quality and value. We serve clients in key business and financial centers from more than 60 locations worldwide, through offices, associate firms and special alliances across the US, the UK, Europe, the Middle East, Russia and the CIS, Asia Pacific and Africa, making us a top 25 legal services provider by lawyers and professionals. Joining the complementary top tier practices of its founding firms—Sonnenschein Nath & Rosenthal LLP and Denton Wilde Sapte LLP—SNR Denton offers business, government and institutional clients premier service and a disciplined focus to meet evolving needs in eight key industry sectors: Energy, Transport and Infrastructure; Financial Institutions and Funds; Government; Health and Life Sciences; Insurance; Manufacturing; Real Estate, Retail and Hotels; and Technology, Media and Telecommunications. Please see snrdenton.com for more information and Legal Notices.
On November 28, 2012, the partners of SNR Denton voted to combine with international law firm Salans and Canadian law firm Fraser Milner Casgrain (FMC) to create Dentons—a new Top 10 international law firm with more than 2,500 lawyers and professionals in 79 locations in 52 countries—to provide clients a competitive edge in an increasingly complex, interconnected and competitive marketplace. The new firm will launch first quarter of 2013. For more information, visit dentonscombination.com.
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