` UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
TRIAD PARK, LLC
---------------
(Name of Issuer)
Membership Interests, no par value
----------------------------------
(Title of Class of Securities)
895814101
---------
(CUSIP Number)
Murray A. Indick
Richard C. Blum & Associates, L.P.
909 Montgomery Street, Suite 400
San Francisco, CA 94133
(415) 434-1111
-------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 13, 1998
--------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box [ ].
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 12
CUSIP NO. 895814101 SCHEDULE 13D Page 2 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 1,998,158**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 1,998,158**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,998,158**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN, IA
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 3 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 1,998,158**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 1,998,158**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,998,158**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 4 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON RICHARD C. BLUM
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER 14,000**
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 1,998,158**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER 14,000**
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 1,998,158**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,012,158**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.2%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON IN
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 5 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON TPL ACQUISITION, LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 1,998,158**
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 1,998,158**
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,998,158**
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.1%**
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (limited liability company)
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 6 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON CB COMMERCIAL REAL ESTATE
SERVICES GROUP, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 52-1616016
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0-
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 7 of 12
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON WESTMARK REALTY ADVISORS, LLC
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 95-3695034
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3 below
- ------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF -----------------------------------------------------------
SHARES 8. SHARED VOTING POWER -0-
BENEFICIALLY
OWNED BY EACH -----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
-----------------------------------------------------------
10. SHARED DISPOSITIVE POWER -0-
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON -0-
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) -0-
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON OO (limited liability company)
- ------------------------------------------------------------------------------
** See Item 5 below
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP NO. 895814101 SCHEDULE 13D Page 8 of 12
This Amendment No. 4 to Schedule 13D amends the Statement on Schedule 13D (the
"Schedule 13D") filed with the Securities and Exchange Commission on February
2, 1998 by Richard C. Blum & Associates, L.P. and its affiliates (along with
TPL Acquisition, LLC, the "Blum Reporting Persons"), CB Commercial Real Estate
Services Group, Inc. and Westmark Realty Advisors, LLC (collectively with the
Blum Reporting Persons, the "Reporting Persons"). This Amendment No. 4 is
filed with respect to the Limited Liability Company Membership Interests ("the
Interests"), no par value, of Triad Park, LLC, ("the Company"). The principal
executive office and mailing address of the Company is 3055 Triad Drive,
Livermore, California 94550. Unless otherwise defined herein, all capitalized
terms shall have the meanings ascribed to them in the Schedule 13D.
Item 2. Identity and Background
- --------------------------------
Item 2 of the Schedule 13D is hereby amended to reflect the fact that CB
Commercial Real Estate Services Group, Inc. and Westmark Realty Advisors, LLC
have withdrawn from and are no longer part of the group of the Reporting
Persons.
Item 4. Purpose of Transaction
- -------------------------------
Item 4 of the Schedule 13D is hereby amended to add the following additional
information:
On March 11 and March 13, 1998, the Reporting Persons sent letters to the
Company offering to acquire all of the Company's shares subject to the terms
and conditions set forth therein. Beginning on March 11 and continuing
through March 13, representatives of the Reporting Persons and the Company
discussed the substance of the letters. Late in the afternoon on March 13,
the Reporting Persons sent the letter attached as Exhibit B to the Company.
Exhibit B sets forth the terms pursuant to which the Reporting Persons propose
to acquire all of the Company's shares.
Item 7. Material to be Filed as Exhibits
- -----------------------------------------
Item Description
- ---- -----------
Exhibit A Joint Filing Undertaking.
Exhibit B Letter dated March 13, 1998 from Murray A. Indick, Managing
Director of Richard C. Blum & Associates, L.P. to Stanley F.
Marquis, Triad Park, LLC.
CUSIP NO. 895814101 SCHEDULE 13D Page 9 of 12
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: March 16, 1998
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Managing Director Managing Director, General Counsel
and General Counsel and Secretary
/s/ Murray A. Indick
---------------------------------------
RICHARD C. BLUM
By Murray A. Indick, Attorney-in-Fact
CB COMMERCIAL REAL ESTATE WESTMARK REALTY ADVISORS, LLC
SERVICES GROUP, INC.
By /s/ Walter V. Stafford By /s/ Richard C. Clotfelter
------------------------------- -----------------------------------
Walter V. Stafford Richard C. Clotfelter
Senior Executive Vice President Chairman and President
and General Counsel
CUSIP NO. 72813P-10-0 SCHEDULE 13D Page 10 of 12
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Schedule 13D to evidence the agreement of the
below-named parties, in accordance with the rules promulgated pursuant to the
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of
each such party.
Dated: March 16, 1998
RICHARD C. BLUM & ASSOCIATES, L.P. RICHARD C. BLUM & ASSOCIATES, INC.
By /s/ Murray A. Indick By /s/ Murray A. Indick
------------------------------- -----------------------------------
Murray A. Indick Murray A. Indick
Managing Director Managing Director, General Counsel
and General Counsel and Secretary
/s/ Murray A. Indick
---------------------------------------
RICHARD C. BLUM
By Murray A. Indick, Attorney-in-Fact
CB COMMERCIAL REAL ESTATE WESTMARK REALTY ADVISORS, LLC
SERVICES GROUP, INC.
By /s/ Walter V. Stafford By /s/ Richard C. Clotfelter
------------------------------- -----------------------------------
Walter V. Stafford Richard C. Clotfelter
Senior Executive Vice President Chairman and President
and General Counsel
CUSIP NO. 72813P-10-0 SCHEDULE 13D Page 11 of 12
Exhibit B
Richard C. Blum & Associates, L.P.
909 Montgomery Street, Suite 400
San Francisco, ca 94133-4625
fax: (415) 434-3130
telephone: (415) 434-1111
By Facsimile
March 13, 1998
Mr. Stanley F. Marquis
Triad Park, LLC
3055 Triad Drive
Livermore, CA 94550-9559
Dear Mr. Marquis:
Richard C. Blum & Associates, L.P. ("RCBA") hereby withdraws its prior letters
dated March 11 and March 13, 1998 and submits the following offer to have RCBA
through its acquisition vehicle acquire all of the outstanding shares of Triad
Park, LLC ("Triad Park"). Capitalized terms in this letter are as defined in
that certain Merger Agreement entered into on February 1, 1998 by Triad Park
and The Kontrabecki Group, Inc. ("TKG").
We offer to pay (1) $1.74 per share to the shareholders for all Triad Park
shares (approximately $1.75 million in excess of the offer of TKG), and (2)
$1.2 million to Triad Park that the company will use to pay the Termination
Fee to TKG, our payment to be made to Triad Park contemporaneous with the
execution of our Acquisition Agreement with Triad Park and Triad Park's
termination of the Merger Agreement with TKG.
RCBA expects Triad Park to treat this offer as an "Acquisition Proposal" and a
"Superior Proposal" as those terms are defined in Section 7.6 of the Merger
Agreement. Pursuant to Section 7.6(d), the Advisory Board should immediately
advise TKG that the Advisory Board has received a Superior Proposal, and
intends to terminate the Merger Agreement and enter into an Acquisition
Agreement with RCBA five business days from the date of the Superior Proposal
Notice. RCBA reserves the right to withdraw this offer if Triad Park fails to
send TKG the Superior Proposal Notice promptly, and we request that the
Superior Proposal Notice be sent no later than March 14, 1998.
The terms of our Acquisition Agreement will mirror Triad Park's Merger
Agreement with TKG, except for certain conforming changes. For instance, our
Acquisition Agreement would adjust the dates set forth in Sections 9.1 and 9.2
from March 31 and July 31, respectively, to May 31 and September 30. The
parties from our side of the transaction will be as they were when we were in
contract with Triad Park (i.e., RCBA and its acquisition vehicle, TPL
Acquisition, LLC). Our Acquisition Agreement will also require Triad Park to
pay us a termination fee before it enters into any agreement with a third
party that would top our transaction. The amount of our termination fee would
be the actual, out-of-pocket expenses we have paid to third parties or become
responsible for (including, for example, the Termination Fee to TKG and
professional fees to Triad Park's counsel and advisors), capped at $1.75
million.
CUSIP NO. 72813P-10-0 SCHEDULE 13D Page 12 of 12
We look forward to being in contract, once again, to acquire Triad Park.
Clearly each of Triad Park and RCBA has disclosure obligations under the
federal securities laws. For your information, RCBA expects to file this
letter promptly with the Securities & Exchange Commission.
Should you have any questions, please feel free to contact me.
Sincerely,
/s/ Murray A. Indick
Murray A. Indick
cc: Edward S. Merrill, Esq., McCutchen, Doyle, Brown & Enersen, LLP
