Peter C.Bergan Jr. (Pete)

Partner

Cleveland + 1.216.586.7045

Pete Bergan advises clients on all types of complex commercial, industrial, mining, retail, hospitality, and multifamily real estate transactions. He has significant experience handling (i) multisite acquisitions, dispositions, and financings and (ii) the real estate aspects of business acquisitions and bankruptcy/business reorganizations. Additionally, he has experience with commercial mortgage-backed securities (CMBS) financings, loan sales and modifications, workouts and restructurings, deeds-in-lieu, and foreclosures.

His recent transactions include several with SITE Centers (f.k.a. DDR), including the spin-off of a portfolio of 50 shopping centers into a new publicly traded real estate investment trust (REIT) named Retail Value Inc.; Brookfield's $854.4 million acquisition of a portfolio of office and industrial sites throughout the United States; Blackstone's $1.3 billion sale of office buildings in Boston, Massachusetts; and Digital Bridge's acquisition of Vantage Data Centers. He has represented Blackstone in connection with several hotel transactions, most recently with the sale of a 757-room full service hotel in Philadelphia.

Pete also has represented ConAgra Brands, Equity Office Properties, Invitation Homes, LivCor, MVP REIT, The NRP Group, Peabody Energy, ShopCore Properties, Tanger Factory Outlet Centers, and The Timken Company.

Pete is a member of the Urban Land Institute and the International Council of Shopping Centers. He also serves as a board member of (i) Rugby Ohio (the governing body for youth and high school rugby in the state of Ohio) and (ii) Recovery Resources (an organization dedicated to providing assistance to those struggling with mental health and addiction issues).

Experience

  • Vantage Data Centers forms $3.5 billion strategic partnership with Colony Capital to advance data center growthJones Day advised Vantage Data Centers, a leading global provider of hyperscale data center campuses, on forming a strategic partnership with Colony Capital, Inc. valued at $3.5 billion to accelerate the expansion of Vantage’s best-in-class, wholesale data centers throughout North America and Europe.
  • Cleveland-Cliffs acquires AK Steel in $1.1 billion stock swapJones Day advised Cleveland-Cliffs Inc. (NYSE: CLF) in its merger with AK Steel Holding Corporation (NYSE: AKS) pursuant to which Cliffs acquired all of the issued and outstanding shares of AK Steel common stock.
  • Central American conglomerate acquires significant strategic real estate holding in HondurasJones Day represented a Central American conglomerate in the acquisition of a significant strategic real estate holding in Honduras.
  • Invitation Homes sells 708 homes in Nashville to Tricon Capital GroupJones Day advised Invitation Homes L.P. in connection with the sale of 708 homes in Nashville to Tricon Capital Group Inc. for $210 million.
  • SITE Centers completes $195 million registered public offeringJones Day represented SITE Centers Corp., a self-administered and self-managed real estate investment trust, in connection with its $197.5 million registered public offering of 13,255,000 Common Shares.
  • DataBank acquires LightBoundJones Day advised DataBank in connection with the acquisition and related financing of LightBound, an Indianapolis-based provider of colocation, Internet, voice, network, and cloud services.
  • Airtech acquires Champion Valves Inc. and Valve & Pump Specialties, Inc.Jones Day advised Airtech Group, a portfolio company of EagleTree Capital, in connection with the acquisition and related financing of Champion Valves Inc. and Valve & Pump Specialties, Inc., a designer, assembler, and distributor of industrial check valves and butterfly valves.
  • Cabot sells its Specialty Fluids business to Sinomine (Hong Kong) Rare Metals Resources Co. Limited for $135 millionJones Day advised Cabot Corporation in the sale of its Specialty Fluids Business to Sinomine (Hong Kong) Rare Metals Resources Co. Limited, a wholly owned subsidiary of Sinomine Resource Group Co., Ltd., for $135 million.
  • EagleTree Capital acquires Invincible Boat CompanyJones Day advised EagleTree Capital in connection with the acquisition and related financing of Invincible Boat Company, a manufacturer of saltwater fishing boats.
  • Family Investment Group acquires Propex Operating Company LLC’s furnishings business in U.S.Jones Day advised the Family Investment Group in connection with its acquisition of Propex Operating Company LLC’s furnishings business in the U.S.
  • SITE Centers Corp. refinances $900 million mortgage loanJones Day advised SITE Centers Corp. in connection with the refinancing of a $900 million mortgage loan provided by Column Financial, Inc.; JP Morgan; and Morgan Stanley which was collateralized by mortgage liens on 24 U.S. properties, one Puerto Rico Property, and a pledge of equity interests in the owners of 12 Puerto Rico properties.
  • Blackstone Group sells 757 room hotel in Philadelphia, PennsylvaniaJones Day advised The Blackstone Group in connection with the sale of a 757 room full service hotel located in Philadelphia, Pennsylvania.
  • Riverside sells stake in Team Technologies to Clearlake Capital GroupJones Day represented The Riverside Company in connection with the its sale of stake in Team Technologies Inc., a leading custom design and manufacturing partner to many of the world’s leading brands in the dental, cosmetic, and medical industries, to Clearlake Capital Group, L.P.
  • EagleTree Capital acquires majority interest of Gaylord Chemical Company, LLCJones Day advised EagleTree Capital in its acquisition of a majority interest in and related financing of Gaylord Chemical Company, LLC, a specialty chemical producer.
  • EagleTree Capital acquires majority stake in FuseFXJones Day advised EagleTree Capital in connection with the acquisition of a majority stake in and related financing of FuseFX, LLC, a visual effects studio providing visual effects services for episodic television, feature films, commercials, and VR productions.
  • Crestline Direct Lending provides $96 million secured credit facility to identity verification providerJones Day represented Crestline Direct Lending, as lead arranger and agent, in connection with a $96 million senior secured credit facility provided to an international identity verification, document authentication, and fraud prevention technology services provider.
  • Blackstone Group sells Camp Creek Marketplace in East Point, GeorgiaJones Day advised The Blackstone Group in the sale of a retail shopping center known as Camp Creek Marketplace in East Point, Georgia.
  • Blackstone Group sells national portfolio of Marriott-branded hotelsJones Day advised The Blackstone Group in the sale of a national portfolio of Marriott-branded hotels located across eight states to a single buyer.
  • DDR spins off $3 billion portfolio into separate publicly-traded REITJones Day advised DDR Corp. in its spin-off of a portfolio of 50 assets, comprised of 38 Continental U.S. assets and the entirety of the Puerto Rico portfolio into a separate publicly-traded REIT named Retail Value Inc. ("RVI").
  • Affiliate of Blackstone Group sells San Tan Village Marketplace shopping center in Gilbert, ArizonaJones Day advised an affiliate of The Blackstone Group in connection with the disposition of San Tan Village Marketplace shopping center in Gilbert, Arizona.
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