REAL ESTATE COMMERCIAL LEASING

High-value leasing and leaseback transactions

Represented the buyer-developer in the acquisition of a property and the negotiation and closing of a $50.8 million construction loan for a new student housing facility at a public university in Ohio. 

Led the negotiation of a $20 million build-to-suit lease for the new corporate headquarters of a major agricultural banking entity. The transaction involved the negotiation of a Chapter 100 lease with the county, pursuant to which the landlord will receive certain tax abatement which will be passed on to the client in the form of reduced additional rent. 

Represented a major California telecommunications company in a $30 million sale and partial leaseback transaction. 

Negotiated the $12 million sale of a manufacturing client’s corporate headquarters, including leaseback of facility post-closing and the sale of certain equipment/personal property as part of transaction.

Negotiated an $8 million lease for new fast-casual restaurant at a premier shopping center in Tampa, including special signage requirements and details. 

Representation on real estate portfolios

Advised a major financial reporting company on their office leases across the country. For one location in central California, we drafted and negotiated a $10 million lease extension and expansion amendment that included a tenant improvement allowance,  anchor tenant signage rights on the building, further expansion and extension options, a termination option, common area upgrade work and the addition of certain tenant amenities.

Complex projects

Represented the master tenant in the $5 million sale of a long-term retail leasehold with a major metropolitan transit agency. We negotiated with various prospective purchasers, and the final purchaser agreed to purchase the leasehold and take an assignment of the master lease and various subleases with local and national tenants at one of the agency’s train station terminal. The negotiations included procurement of consent from the transit agency and certain master lease revisions to accommodate the buyer’s requests.

Represented a shopping center landlord in connection with the 10-year lease of a retail facility to a blood plasma collection company. The unique use of the premises as a blood plasma donation center required extensive negotiations regarding satisfaction and compliance with other exclusive uses in the mall, along with compliance with the shopping center declarations and covenants.

Represented two tenant-in-common owners in a 1031 exchange transaction involving the sale of relinquished properties in Hawaii and replacement property with tenant-in-common interest. The transaction involved the coordination of the 1031 exchange, substantial due diligence on various potential replacement properties, lease analysis of various triple-net leases, and preparation of TIC agreement per IRS guidelines. 

Represented a trust company in the sale of a remaining parcel owned by the trust company as the trustee for certain bondholders. The transaction involved title clearance, exempt tax status issues regarding real estate taxes based on a lease to church, numerous city inspection issues, and escrow and buyer agreements pertaining to new water meters and lines.