Gables lawyer handles sale of 7 Denny’s locations

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
Seagis pays $30M for rental car center near FLL, plans warehouse
Seagis pays $30M for rental car center near FLL, plans warehouse
Seagis pays $30M for rental car center near FLL, plans warehouse
Key International, Wexford snatch Pompano Beach Marriott for $54M
Key International, Wexford snatch Pompano Beach Marriott for $54M
Key International, Wexford snatch Pompano Beach Marriott for $54M
Chad Carroll sells waterfront Hallandale Beach home for record $5M
Chad Carroll sells waterfront Hallandale Beach home for record $5M
Chad Carroll sells waterfront Hallandale Beach home for record $5M
South Florida single-family home sales fall in October amid declining inventory
South Florida single-family home sales fall in October amid declining inventory
South Florida single-family home sales fall in October amid declining inventory
Carroll Organization CEO Patrick Carroll and 5750 Lakeside Drive in Margate (Carroll Organization, Apartments)
Lynd Living flips Margate apartment complex for $67M
Lynd Living flips Margate apartment complex for $67M
Lease roundup: Plum Market to open in Aventura, Sprouts in Boca Raton, Best Buy in Dania Beach
Lease roundup: Plum Market to open in Aventura, Sprouts in Boca Raton, Best Buy in Dania Beach
Lease roundup: Plum Market to open in Aventura, Sprouts in Boca Raton, Best Buy in Dania Beach
IG Logistics' Daniel Glaser, Sam Schneider and 2407 Hammondville Road (Google Maps)
New York investment firm snags Pompano Beach truck repair shop site for $9M
New York investment firm snags Pompano Beach truck repair shop site for $9M
Brooklyn-based JV scoops up downtown Fort Lauderdale dev site
Brooklyn-based JV scoops up downtown Fort Lauderdale dev site
Brooklyn-based JV scoops up downtown Fort Lauderdale dev site
arrow_forward_ios

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

Loading...