Longtime Client Will Use Transformative Investment to Support Next Phase of Growth

Miles & Stockbridge advised Merritt Properties and helped secure a $750 million strategic investment led by global investment firm Centerbridge Partners, positioning the privately held commercial real estate leader for its next phase of growth.

For decades, Miles & Stockbridge has served as a trusted legal advisor to Merritt, supporting the company's growth across its business. Building on that longstanding relationship, the firm advised Merritt through this transformative transaction, helping the company navigate complex corporate, financing, tax and regulatory issues while advancing its long-term business objectives.

“We are proud to work so closely with Merritt,” said Scott Wilson, Chairman, President and CEO of Miles & Stockbridge, who led the transaction for the firm. “Merritt has built an exceptional business and this investment will lead to new growth and opportunities for years to come. Relationships and transactions like this reflect what we strive to deliver for every client: strategic advice that helps businesses achieve their long-term objectives while maximizing and navigating moments of significant change and opportunity."

The investment provides dedicated growth capital to support Merritt's continued expansion of its shallow-bay industrial portfolio across Maryland, Virginia, North Carolina and Florida, while creating opportunities to enter select new markets. The transaction also marks a significant milestone in the company's evolution, supporting a planned leadership transition as Robb Merritt assumes the role of Chief Executive Officer and Scott Dorsey becomes Executive Chairman. In addition, Bobby Lanigan, who has led acquisitions and strategic growth initiatives, will become President.

The Merritt investment is the latest example of Miles & Stockbridge's work advising clients on sophisticated, high-value transactions that drive growth and create long-term value. It follows the firm's representation of Power Solutions earlier this year in its $2 billion sale to Dycom Industries, reinforcing the firm's continued role as trusted counsel on complex strategic transactions involving significant enterprise value across commercial real estate, digital infrastructure and other high growth industries.

Wilson led a multidisciplinary Miles & Stockbridge team that advised Merritt throughout the transaction, drawing on the firm's strengths across key practice areas. The firm's collaborative approach enables clients to receive coordinated legal counsel tailored to the strategic, operational and regulatory considerations that accompany today's most significant business transactions.

Read more in the news release from Merritt Properties.

About Merritt Properties

Established in 1967, Merritt Properties is a privately held commercial real estate company offering a portfolio of more than 21 million square feet of Class A office, flex, warehouse, industrial, retail and build-to-suit properties throughout Maryland, North Carolina, Florida and Virginia. Capabilities include leasing, property development and management, and financing. Merritt Properties is committed to "Creating Homes for Businesses" and providing the highest quality service to its customers. For more information, please visit the company’s website. 

About Miles & Stockbridge

Miles & Stockbridge is an Am Law 200 law firm with more than 200 lawyers and offices in Maryland, Washington, D.C., Virginia and New York. The firm’s lawyers help global, national, local and emerging business clients preserve and create value by helping them solve their most challenging problems. The firm, with a highly diversified client base, boasts 15 Chambers-ranked practices. For more information, please visit the firm’s website, and follow Miles & Stockbridge on LinkedIn, Facebook and X.