Global law firm Greenberg Traurig, LLP represented Vertical
Bridge REIT, LLC, the largest private owner and operator of
communications infrastructure in the
United States, in connection with the closing of its
previously announced transaction with Verizon Communications
Inc.
WASHINGTON, Dec. 26,
2024 /PRNewswire-PRWeb/ -- Global law firm
Greenberg Traurig, LLP represented Vertical Bridge REIT, LLC
("Vertical Bridge"), the largest private owner and operator of
communications infrastructure in the
United States, in connection with the closing of its
previously announced transaction with Verizon Communications Inc.
("Verizon").
The deal, which was first announced in September, closed on
December 23 and provides Vertical
Bridge the exclusive rights to lease, operate, and manage more than
6,300 wireless communications towers across all 50 states from
subsidiaries of Verizon for approximately $3.3 billion, including certain commercial
benefits.
Vertical Bridge, headquartered in Boca
Raton, Florida, was founded in 2014 and is the largest
private owner and operator of communications infrastructure and
locations in the United States,
with a portfolio of more than 500,000 sites, including over 17,000
owned and master-leased towers. Vertical Bridge provides
build-to-suit and colocation solutions to the wireless industry.
The Company's portfolio spreads across all 50 states and
Puerto Rico.
The Greenberg Traurig Corporate team was led by Digital
Infrastructure, Data Center, and Cloud Computing Industry Group
Co-Chair Kemal Hawa and Shareholder
Christopher T. Turek in Washington, D.C. The Corporate and Finance
teams were also comprised of Shareholders Richard C. Kim and
Michael D. Helsel in New York; Associates Nicolas H. Sabet and
Joseph K. Kunnirickal in
Washington, D.C., Christine
Plagmeijer and Ricardo Crispim Leite
in New York, Kristy "Kitt" Ritter
(Miami), as well as Frank (Kelvin) Jones Jr., Joshua Pincus, and Hunter L. Shattuck in Washington, D.C.
Additional support was provided by a Greenberg Traurig
multidisciplinary cross-office team including a Real Estate team
consisting of Vice Chairman Robert J.
Ivanhoe and Shareholders David E. Bolen and Brandilyn Y. Dumas in New York; a Tax team comprised of Shareholders
Carl J. Riley (New York),
Marvin A. Kirsner (Fort Lauderdale), and Robert D. Simon (Northern Virginia); Antitrust Litigation &
Competition Regulation Shareholder Stephen M. Pepper (New York); and International Trade Of Counsel
Sonali Dohale (Washington, D.C.).
About Greenberg Traurig: Greenberg Traurig, LLP has more than
2750 attorneys in 48 locations in the
United States, Europe and
the Middle East, Latin America, and Asia. The firm is a 2024 BTI "Leading Edge Law
Firm" for delivering on client expectations for the future and is
consistently among the top firms on the Am Law Global 100 and NLJ
500. Greenberg Traurig is Mansfield Rule Certified Plus by The
Diversity Lab. The firm is recognized for powering its U.S. offices
with 100% renewable energy as certified by the Center for Resource
Solutions Green-e® Energy program and is a member of the U.S. EPA's
Green Power Partnership Program. The firm is known for its
philanthropic giving, innovation, diversity, and pro bono. Web:
http://www.gtlaw.com.
Media Contact
Jacob Fischler, Greenberg
Traurig, LLP, +1 202.533.2373, fischlerj@gtlaw.com,
https://www.gtlaw.com/en
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SOURCE Greenberg Traurig, LLP
