Bar Admissions

  • New York

Education

  • J.D., UCLA School of Law, 1990
  • B.A., cum laude, Duke University, 1987

Memberships

  • President, New York Women Executives in Real Estate (WX), Elected September 2016

    Board of Directors, New York Women Executives in Real Estate (WX), 2010-Present

    Member, New York City Loft Board, 2003-2007

T +1 212.370.6222
F +1 212.307.5598
 

Suzanne St. Pierre

Partner

Suzanne St. Pierre, a partner in Venable’s real estate group, represents U.S. and non-U.S. institutional investors, developers, non-profit entities and other parties in all aspects of transactional real estate, including complex acquisitions and dispositions; formation of partnerships, limited liability companies, real estate investment trusts (REITs), and other co-investment vehicles; development of office, residential, cultural and mixed-use projects, including government-funded projects; construction projects, including negotiation of construction and design agreements, and dispute resolution; lending transactions, including conventional and securitized financing and sale-leaseback transactions; hotel and other property management contracts; leasing transactions; and condominium transactions.

Suzanne’s experience encompasses a broad range of categories of real property, including office, residential, retail, industrial, hotels, community facilities, railroads, and mixed-use developments.

Significant Matters

Joint Ventures
  • Represented Canadian investors in the negotiation of a co-investment agreement, and the formation of REITs and other investment vehicles, in connection with the acquisition of numerous debt and equity investments in U.S. real property.
  • Represented a German insurance company in the creation of a joint venture by which it acquired a fifty percent interest in one of Boston's largest Class A office buildings, valued at $450 million; this transaction also included creating a tax-efficient ownership structure.
  • Represented an Italian investor in the acquisition of the largest ownership stake in the Flatiron Building in New York City, which is held through a number of partnerships with principals of real estate operator Newmark Knight Frank.
  • Represented the purchasers of a 100+ acre state-owned facility in upstate New York in the creation of a joint venture for the redevelopment of the property; other aspects of the transaction included acquisition of the property and negotiation of an environmental remediation agreement backed by environmental insurance.

Acquisitions/Dispositions
  • Representing New York City Economic Development Corporation in the sale and redevelopment of the first phase of the 60 acre Willets Point district in Queens, New York.
  • Represented Con Edison in the sale of four New York City blocks along the East River just south of the United Nations, previously the site of a power plant for approximately 100 years, for a reported sale price of $680 million.  To facilitate the sale/redevelopment of this environmentally-impacted property and to allow Con Edison to realize the fair market value of the property, the transaction included a cutting-edge strategy to transfer environmental liabilities to a remediation contractor, backed by environmental insurance policies that guaranteed the performance and price of the remediation work and insured the seller and buyer against future liabilities.
  • Represented a Swedish insurance company in the sale of a portfolio of owned and master leased Class A office buildings in New York City and Chicago.
  • Represented an Italian investor in the acquisition, renovation and financing of historic commercial and residential properties in New York City and Los Angeles.
  • Represented the Kingdom of Saudi Arabia in connection with the acquisition and leasing of commercial properties in New York City.
  • Represented a German company in connection with the acquisition and leasing of property in Georgia for a wood pellet production facility and related port facilities; this transaction also included advising the client with respect to the contracts for construction of these facilities and related rail transportation agreements.

Real Estate Fund Investments
  • Represented a major Japanese life insurance company in connection with the formation of a real estate investment fund with a major privately-owned U.S. real estate development company; initial assets of the fund were valued at $750 million.
  • Represented a German financial institution in the acquisition of major ownership interests in U.S. real estate funds sponsored by The Hines Organization and Harbert Management Corporation.

Construction
  • Negotiated construction and design agreements for the Bronx Library Center on behalf of The New York Public Library; advised in connection with excavation and related cooperation agreements with neighboring property owners.
  • Represented the owner of a commercial property in Harlem with respect to the historically-sensitive renovation of the property, including negotiation of design, construction and consulting contracts, obtaining construction financing and new markets and historic renovation tax credits, and listing of the property on the National Register of Historic Places.
  • Represented The New York Public Library in the negotiation of a construction cooperation agreement with Lincoln Center and Lincoln Center Theater relating to the construction of a new theater on the roof of the Library/Theater building on the main Lincoln Center campus; transaction included negotiation with NYC Law Department and NYC Department of Citywide Administrative Services for approvals and licenses, and development of protocols among the client, Lincoln Center and Lincoln Center Theater to maintain continuous library operations during construction.
  • Represented Amtrak in negotiations with developers Related/Vornado to renovate Penn Station and relocate Amtrak facilities to the Farley Post Office building; representation included advice regarding complex title matters and construction and operational logistics associated with the proposed demolition of Madison Square Garden and development of a mixed-use high-rise development in its place.

Non-Profit Transactions
  • Represented the Tides Foundation and other non-profit corporations in the formation of a "green" non-profit office center within a mixed-use condominium in downtown Manhattan.  The transaction included negotiation of the condominium documents; acquisition of the condominium units; formation of a unit owners' association; negotiation of agreements among the non-profits for the joint acquisition, construction and operation of the center; negotiation of construction and design contracts; and NYC Industrial Development Authority bond financing.
  • Represented a non-profit organization in the negotiation of a long-term lease for office and performance facilities in New York City.
  • Represented The New York Public Library in the negotiation of agreements with Columbia University and Princeton University for the construction and joint operation of a state-of-the-art book storage facility in the Princeton Forrestal Center.
  • Represented a major non-profit institution in the negotiation of a triple net lease of a building in Queens, with purchase options, for use as an office, distribution and workshop facility.
  • Represented a charitable foundation in the acquisition of a building in New York City for use as an educational center for children.

Financing
  • Advised the holder of a senior mezzanine loan with respect to equity foreclosure and possible bankruptcy filing relating to a major commercial property.
  • Represented the owner in a sale-leaseback transaction involving industrial facilities located in Texas and Louisiana.
  • Represented Jazz at Lincoln Center in the construction financing of its performance and education facility, a condominium unit in Time Warner Center in New York City.  The loan was secured by a mortgage and charitable pledges, and was structured to comply with the terms of major grants.
  • Represented a major U.S. life insurance company in the disposition of several commercial loan portfolios, each valued at over $200 million.

Leasing/Property Management
  • Represented the Brooklyn Navy Yard Development Corporation in the ground leasing of the 6+ acre Admiral's Row and Sands Street Sites to a private developer including negotiating the terms of the supermarket lease for New York City's first Wegmans location.
  • Represented a university and its research foundation in the negotiation of a long term ground lease to the foundation, and ground sublease to a developer, for the construction of a technology center adjacent to the university campus.
  • Represented owners of commercial buildings in Manhattan in the negotiation of retail, restaurant and office leases.
  • Represented an energy company in the negotiation of a ground lease of property located in the State of Washington to be developed as a power plant.
  • Represented numerous owners in the negotiation of property management agreements for office properties, including a one million square foot Class A office building in Chicago.

Other
  • Represented the developer of property in Almaty, Kazakhstan in the negotiation with Accor Group of contracts relating to the construction and management of a 200-room hotel within a mixed-use commercial development, and associated licensing of the Novotel trademark.
  • Represented private equity funds in the proposed $110 million acquisition of a portfolio of airport parking facilities in a bankruptcy sale.
  • Represented a major U.S. shopping center developer/operator in connection with the restructuring of ownership of its portfolio, intercompany loans, and advice regarding tax-efficient disposition strategies.