Evoq Properties Sold for $357M

Law360 (August 20, 2014) Evoq Properties Inc. is being sold for $357.4 million to a group of investors including affiliates of New York-based Atlas Capital Investors III LLC and Square Mile Capital Management LLC as well as affiliates of San Antonio, Texas-based USAA Real Estate Co., Evoq announced Monday. The deal, which will pay shareholders of the Los Angeles-based firm $12.96 a share, ends a six month-long buyer search for Evoq, one of the largest property owners in downtown Los Angeles. Evoq is represented by Paul J. Shim, Michael Weinberger, Kathleen M. Emberger and Amy R. Shapiro of Cleary Gottlieb and Matthew J. Ertman, Clark H. Libenson, Pamela L. Andes and Thomas W. Henning of Allen Matkins.