Sheppard, Mullin, Richter & Hampton represented longtime client Diageo Chateau & Estate Wines Co. in its sale of $269 million worth of Napa Valley winery and vineyard properties to Realty Income Corp., a publicly traded REIT, and the leaseback of those properties under long-term, triple-net leases.
The deal, announced last month, also involved significant title work, according to San Francisco partner Joan Story, who led the Sheppard Mullin team on the transaction. The properties include about 2,000 acres of vineyard as well as the winery, production, retail and visitor center buildings of both the Sterling Vineyards winery and the Beaulieu Vineyards winery with combined leasable space of approximately 400,000 square feet.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
