Gables lawyer handles sale of 7 Denny’s locations

Neil Rollnick of Hinshaw & Culbertson LLP represented the prior owner in the $8.05 million sale

TRD MIAMI /
Apr.April 23, 2016 03:00 PM

Coral Gables-based real estate attorney Neil S. Rollnick represented the seller in a $8.05 million sale of seven Denny’s Restaurant locations in Florida and two other states.

Orion Ventures XII Florida LLC acquired the Denny’s Restaurant restaurants in Broward County and three other Florida counties: Hillsborough, Manatee and Pasco. Orion Ventures XII North LLC non-Florida Denny’s locations in West Haven, Connecticut, and Lawrence, Massachusetts.

The sellers were six South Florida-based general partnerships.

“The transaction was complicated due to the ages of the original general partnership leases which dated back to 1978-1980, the manners in which they had been amended, assigned and/or terminated and replaced as well as a variety of other reasons,” Rollnick, a partner with Hinshaw & Culbertson, said in a prepared statement.

“There were also individual issues pertaining to the properties involving matters of title, entity issues, operational issues and the fact that the properties are located in four Florida counties and three different states,” Rollnick said.


Related Articles

arrow_forward_ios
Clockwise from top left: 1801 NW 82nd Ave, Miami; 6600 Congress Avenue, Boca Raton; 501 103rd Avenue, Royal Palm Beach; 3423 McIntosh Road, Hollywood (Google Maps)

South Florida industrial market shows signs of weakness in Q3

South Florida industrial market shows signs of weakness in Q3
Mike Nunziata & the site map

13th Floor scores approval for housing community on former golf course in Tamarac

13th Floor scores approval for housing community on former golf course in Tamarac
Despite record high office vacancies across South Florida, average asking rates hit new highs

South Florida Q3 office rents hit record high, despite higher vacancies

South Florida Q3 office rents hit record high, despite higher vacancies
From left: The Bristol in West Palm Beach; 6431 Pine Tree Drive Circle, Miami Beach; 2325 Desota Drive, Fort Lauderdale; and 12520 Seminole Beach Road, North Palm Beach (Realtor, iStock)

South Florida signed resi contracts up in September: Elliman

South Florida signed resi contracts up in September: Elliman
A former Broward County School Board employee was sentenced to 20 months in prison for accepting bribes from a contractor.

Ex-Broward County employee to serve prison time for accepting bribes from contractor

Ex-Broward County employee to serve prison time for accepting bribes from contractor
While newly signed contracts for both single-family homes and condos rose on an annual basis, month-over-month contracts fell compared to July

New signed resi contracts rose in August in South Florida

New signed resi contracts rose in August in South Florida
A rendering of AKAI Estates and Alex Yokanna

Luxury single-family home community in Southwest Ranches launches sales

Luxury single-family home community in Southwest Ranches launches sales
Bottom row: Nick Sharp, Felix Bendersky and Jaime Sturgis; top row: Mayor Dale Holness and Mayor Carlos Gimenez (Instagram/threefoldcafe, F&B, Linkedin, Office of the Mayor, Twitter)

Restaurateurs to protest restrictions in Miami-Dade. In Broward, it’s a different story

Restaurateurs to protest restrictions in Miami-Dade. In Broward, it’s a different story
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...