Greenberg Traurig Advises on Sale of Highstreet Building in Heidelberg

BERLIN - Sept. 27, 2024 - Global law firm Greenberg Traurig advised on the sale of a commercial property in a prime downtown location in Heidelberg. The buyer is dm-drogerie markt, a German drugstore chain that has been operating a drugstore in the property since July 2023 as an existing tenant.

The fully let property, with a total rental area of 4,652 square meters, is located in the busy pedestrian zone at Hauptstraße 9-13, which is one of the longest pedestrian zones in Europe. dm acquired the property from Heidelberg H 9-13 / Wiesbaden L 5-9 Immobilien GmbH & Co. KG, which was part of Signa Group and filed for insolvency at the Berlin-Charlottenburg district court Jan. 10. The purchase agreement has now been executed.

The acquisition secures the location for dm long-term. Other tenants in the property include Only, Paper & Tea, and the fitness studio Basic-Fit.

About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 48 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI "Highly Recommended Law Firm" for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA's Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.

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