SNR Denton announced that it advised Hartz Mountain Industries in its recent acquisition of One Superior Place, an 809-unit luxury rental apartment mixed-use building in Chicago. The acquisition had a combined sales price for the land and leasehold improvements of $320 million, making it the largest real estate transaction so far in 2011 in Chicago, and, according to The Wall Street Journal, the largest US apartment building transaction to date in 2011.

Headquartered in Secaucus, New Jersey, Hartz Mountain Industries, Inc., owns and manages one of the largest privately held commercial real estate portfolios in the United States, comprised of approximately 200 properties and totaling more than 38 million sq. ft. in the northern New Jersey/New York area.

Hartz selected SNR Denton as its counsel for this matter based on a long-standing relationship between the two firms and the strong reputation of SNR Denton’s transactional real estate practice in Chicago. The SNR Denton lawyers working on this matter included Marlene Nations (Chicago), Mark Lehrer (New York) and Rachel Goetz (Chicago). The SNR Denton team worked closely with an extremely talented group of in-house attorneys at Hartz Mountain, including its General Counsel, Irwin Horowitz, and its Deputy General Counsel, Jim Rubino.