Multiple Real Estate Properties in Fl, CN and MA Sell for $8,050,00

MIAMI - April 18, 2016 - PRLog -- Six longtime South Florida general partnerships,the owners of seven real estate properties operated as Denny's Restaurants throughout Florida (in Broward, Hillsborough, Pasco and Manatee counties); West Haven, Connecticut; and Lawrence, Massachusetts; have sold the properties for a total of $8,050,000 to Orion Ventures XII North, LLC for the Massachusetts and Connecticut properties and Orion Ventures XII Florida, LLC for the Florida properties.

"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," said Neil S. Rollnick, a Miami Partner with the national law firm of Hinshaw & Culbertson. "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."

The following six Florida general partnerships were the sellers:

1. Winthrop of Lawrence Associates

2. Saw Mill of West Haven Associates

3. Powerline Road of Broward Associates

4. The Cortez Road of Bradenton Trust

5. The Fowler Avenue of Tampa Trust

6. Trouble Creek of Pasco Trust

Rollnick, a Partner in the firm's Real Estate and Lending practice, has more than four decades of experience in business law with particular emphasis in real estate sales and acquisitions, commercial real estate and real estate-secured and asset based institutional loans, commercial leases, corporate and partnership transactions and business matters. He also serves as an expert witness in the areas of real estate transactions, secured lending practices, condominium law and the performance of due diligence under real estate purchase and sale agreements.

Hinshaw & Culbertson LLP is a full-service national law firm providing coordinated legal services across the United States, as well as regionally and locally. Hinshaw lawyers represent businesses, governmental entities and individuals in complex litigation, regulatory and transactional matters. Founded in 1934, the firm has 525 attorneys in 22 offices located in Arizona, California, Florida, Illinois, Indiana, Massachusetts, Minnesota, Missouri, New York, Rhode Island, Wisconsin and London. For more information, visit www.hinshawlaw.com.