A DLA Piper team, led by partner Bryan Connolly (Boston), represented Sterling Suffolk Racecourse, LLC, in the sale and leaseback of the 161-acre property, which is located in both East Boston and Revere, Massachusetts. The Boston-based DLA Piper team representing Sterling Suffolk also included partner Geoff Howell, of counsel Bruce Barnett and associate Paul Evans. Negotiation of the purchase and sale agreement and the lease for the buyer were handled by Ropes & Gray.
A separate DLA Piper team, led by partners Richard Rudman and Brian Hochleutner (both of Boston), counseled the buyer, The McClellan Highway Development Company, LLC, an affiliate of The HYM Investment Group, LLC. The team provided counsel on acquisition financing and permitting, and will continue to advise on the future development of housing, office, research and development, shopping and park space on the site. In addition to Rudman and Hochleutner, the Boston-based DLA Piper team representing McClellan Highway Development Company included associate Donovan Lloyd Powell and paralegal Robert Lennon.