From the obvious contract details to the more subtle provisions, careful document review and informed negotiations are necessary in order to ensure your are protected and in a position of strength – regardless of the side of the table you are sitting on.
Our team brings a uniquely comprehensive perspective to each transaction given our extensive experience representing landlords and tenants.
Our national presence and prior experience with various parties and their counsel benefits and often expedites the negotiation process, saving our clients time and money. We also serve as mediators between landlord and tenant to ensure that the agreement made benefits both parties.
We represent clients ranging from national, regional, public and privately held landlords and tenants, in all types of retail, office and industrial lease transactions, including:
- Net leases
- Gross leases
- Modified gross leases
- Ground leases
- Subleases and assignments
- License agreements
- Solar leases
- Other related agreements
every step of the way
Our involvement in leasing transactions often begins with structuring the lease and includes drafting and negotiating letters of intent and brokerage commission agreements. As lease reviews and negotiations continue, we counsel our clients on both the business and legal issues involved, employing a practical approach and devising creative solutions for issues that arise during lease negotiations. We also serve as mediators between a landlord and tenant to ensure that the agreement made benefits both parties. We pride ourselves on being deal makers, while also protecting our clients.
Our retail leasing work has earned us a prominent national reputation. We regularly represent publicly traded and privately held owners of regional shopping centers, including
- Power centers
- Entertainment/lifestyle centers
- Community shopping centers
- Neighborhood shopping centers
- Mixed-use projects
- Regional malls
Our work often involves national and regional retailers, restaurants, supermarkets, grocers, movie theaters and entertainment venues as tenants. Projects include leases for new store locations, surplus space and distribution centers.
We handle a wide variety of lease transactions, including build-to-suit leases, reverse build-to-suit leases, pad leases, anchor tenant leases, small shop leases, and subleases. We regularly work with both developers and national and regional retailers in ground lease transactions in which our client is developing a property.
Our portfolio includes retail and mixed-use projects, many involving “big box,” power center and neighborhood shopping center tenants and tenants commonly found in regional malls and entertainment/lifestyle centers. When retail leasing involves the development of a shopping center, we negotiate corresponding reciprocal easement agreements, development agreements, maintenance agreements and other agreements common to such transactions.
We customize our approach based on the needs of different types of tenants. We represent landlords and tenants in leasing transactions for a variety of space requirements throughout the country, from space in multi-tenant buildings to leases of entire buildings for a client’s headquarters. We negotiate transactions within a range of lease structures, from net leases to gross leases, involving issues such as specialized tenant fit-ups and associated rent credits or landlord contributions, rights of first offer, rights of first refusal, expansion options, contraction options and early termination rights.
We are aware of the complex issues that can arise during industrial lease transactions. We counsel developers and tenants in warehouse, distribution, manufacturing and “flex” space leases, helping our clients navigate some of these unwanted challenges. When necessary, we draw on the insight and judicious minds of our environmental team to provide guidance on environmental remediation, brownfield redevelopment, , hazardous materials use and storage, flood hazard regulations and railroad use and access.
Property Management, Exclusive Leasing and Brokerage Agreements
We draft, review and negotiate property management and exclusive leasing agreements with third party property management companies in connection with the ownership of properties. In addition, we also represent owners, developers, landlords and tenants, as well as real estate brokerage companies with respect to various matters, including the preparation, review and negotiation of brokerage commission agreements related to both leasing and financing, including mortgage and equity participation.
Connected and informed
Being entrenched in the industry coupled with the depth of our transaction exposure throughout the country fosters a sharpened understanding of our clients’ business objectives in relation to the current market. Our clients benefit from the team’s active involvement with such trade organizations as the International Council of Shopping Centers (ICSC) and the National Association of Industrial and Office Properties (NAIOP) To further inform our approach we proactively monitor federal and state legislative and regulatory developments concerning retail, office, industrial leasing and development issues.