Principal at 14 Penn Plaza, LLC
Greater New York City Area
- Current
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- Principal at 14 Penn Plaza, LLC
- General Partner at 425 Park Avenue Company
- Past
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- Of Counsel at Arent Fox PLLC
- Education
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- Columbia University Graduate School of Business
- Georgetown University Law Center
- Columbia University in the City of New York
- Connections
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4
connections
- Industry
- Real Estate
Andrew Borrok’s Experience
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Principal
14 Penn Plaza, LLC
(Real Estate industry)
2003 — Present (5 years)
$93 million squeeze out buyout of 90 partners and approximately $60 million mezzanine loan in connection with the same; $106 million refinancing approx. 6 month later; Increased occupancy from 92% to over 98%; Supervising tenant improvement work in approx. 560,000 square ft building; Replaced boilers, Class E system and other capital improvement work; Sold building for $350 million.
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General Partner
425 Park Avenue Company
(Real Estate industry)
2001 — Present (7 years)
Supervised the rebuilding of the office building’s electrical system following a major electrical fire and the insurance claims, rent abatement claims and construction agreements in connection with the same; Managed the relationships with the ground lessor and the major tenants in the building, including Kaye Scholer and Citibank among others; Defense and settlement of an $86 million asbestos lawsuit.
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Of Counsel
Arent Fox PLLC
(Real Estate industry)
2004 — 2005 (1 year)
Represented borrowers and lenders in first mortgage loan transactions; represented UBS in restructuring borrower defaulted securitized loan transactions; represented and negotiated the payout of the unsecured creditors committee in the Clift Hotel bankruptcy; represented debtors in 363 bankruptcy sales; drafted and negotiated commercial leasing transactions; negotiated a sale-leaseback acquisition of a New York hospital and approval from the Department of Health; and member of the business development strategy group for the firm.
Andrew Borrok’s Education
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Columbia University Graduate School of Business
M.B.A., 2000 — 2001
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Georgetown University Law Center
J.D., 1994 — 1996
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Columbia University in the City of New York
B.A., Political Science, 1989 — 1993
Andrew Borrok’s Contact Settings
Interested In:
- job inquiries
- expertise requests
- business deals
- reference requests
- getting back in touch
