Andrew Borrok
Andrew Borrok is a prominent young investor, attorney and philanthropist, who has earned a reputation as an original thinker capable of closing difficult transactions and managing substantial business risks.
Mr. Borrok’s career has been defined by bold and innovative decisions. In 2003, he acquired the lion’s share of the equity in 14 Penn Plaza, an approximately 550,000 square foot office building on 34th Street in New York City, following a court-approved buy-out of almost 90 other partners. Over the next few years, he refinanced the property, made significant capital improvements and increased the occupancy to over 98 percent before selling the building for $350 million, generating an approximately $250 million profit.
Mr. Borrok has also been a General Partner and the General Counsel of the partnership that owns the ground lease position at the approximately 600,000 square foot Class “A” office building known as 425 Park Avenue. Following a major electrical fire in 2004 that destroyed the building’s bus duct system, Mr. Borrok worked with the partnership’s project manager in supervising a temporary restoration of power which had the tenants of this fully occupied 31 story building back in their space and in business within an approximately two week period. Since then, he has worked with the project manager in helping to design and implement a permanent restoration of power.
Mr. Borrok also represented the partnership in an $85 million asbestos lawsuit in which he achieved a dismissal of the lawsuit with prejudice and a release of the partnership and all of its partners at no cost to the partnership. Mr. Borrok has also managed the property’s relationship and litigation with its ground lessor and insurance company as well as the relationships with the major tenants of the building over the last approximately nine years.
Mr. Borrok’s work at large international firms including Arent Fox LLP, Proskauer Rose LLP and Bear Stearns, provided him the opportunity to play a leading role in major financial restructurings, bankruptcies and several multi-million dollar real estate transactions. For example, at Arent Fox, where Mr. Borrok was Of Counsel, he negotiated the repayment of the unsecured creditors committee in the Clift Hotel bankruptcy.
He presently serves on the Board of Directors of Citymeals-on-Wheels, where he is one of the organization’s major donors, as well as an active volunteer – delivering meals to homebound elderly on weekends. His philanthropic endeavors include support of Mt. Sinai Hospital and Delta Society, a group that strives to improve human health through service and therapy animals where he is a “pet partner.” He has also served on the Board of Directors of the 34th Street Partnership and as a volunteer Assistant District Attorney in Kings County, New York.
Mr. Borrok earned a B.A. from Columbia College where he won the James Christopher Caraley Memorial Prize, a JD from the Georgetown University Law Center where he won a CALI Excellence for the Future Award and an MBA from Columbia Business School.
An accomplished chef, Mr. Borrok has studied at the French Culinary Institute in New York City and privately with renowned chefs, including Pascal Berec.
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