Daspin & Aument LLP

Commercial Real Estate

ACQUISITIONS AND DISPOSITIONS

Representative Transactions: Acquisitions and Dispositions
  • A $150 million mixed-use office, residential and lifestyle center project in southwest suburban Chicago, Illinois, including the negotiation of development and other municipal agreements, coordination of sales tax rebate financing and the negotiation of over 300,000 square feet of retail leases and sale contracts.
  • A $135 million sale of a mixed-use retail, office and apartment project in downtown Chicago, Illinois.
  • A $50 million redevelopment and conversion of a national headquarters building for a publicly traded company into a mixed- use project featuring retail and amenity space and the first office condominium project in downtown Chicago, Illinois, including negotiating the land acquisition contract and joint-venture agreements, and supervising preparation of the reciprocal easement agreement and condominium declarations for the project.
  • A $20 million municipal acquisition of theater and entertainment facilities in multi-story condominium building, including, among other things, representation of municipality in condominium platting, preparation and negotiation of relevant condominium declarations, and purchase contract negotiations with developer.
  • A suburban $130 million lifestyle center in the Minneapolis, Minnesota area, which involved the leasing of 400,000 square feet of retail space and the sale of numerous outlots.
  • A $125 million Target/Lowe's-anchored power center in Rochester, Minnesota, including preparation and coordination of competing project declarations and off-site improvement covenants, and negotiation of land acquisition contracts, municipal off-site infrastructure improvement agreements, leases for 600,000 square feet of retail space, the sale of numerous outlots, and the sale and master lease of the project to an institutional buyer.
  • A $75 million Target/Roundy's-anchored power center in suburban Milwaukee, Wisconsin, including 300,000 square feet of retail space.
  • A $65 million power center anchored by Target, JC Penney and Shop 'n Save in suburban St. Louis, Missouri, including the negotiation of transportation development district financing and 500,000 square feet of retail leases and sale agreements for numerous outlots.
  • A $50 million Jewel-anchored shopping center in north suburban Chicago, Illinois, including 250,000 square feet of retail space and several outlots.
  • A Wal-Mart/Dominick's-anchored project in south suburban Chicago, Illinois, including 200,000 square feet of retail space and outlots.
  • Development of a 750,000 square foot suburban corporate campus in suburban Minneapolis, Minnesota for the largest privately owned U.S. company.
  • Development of a 350,000 square foot corporate campus in Omaha, Nebraska for a Fortune 1000 company.
  • Representation of ownership interests in the sale-leaseback of a 1 million square foot office project in Philadelphia, Pennsylvania, including ground lease financing and installment sale agreements.
  • Negotiation of numerous build-to-suit net leases, totaling over 10 million square feet in major urban and suburban markets in Illinois, Wisconsin, Missouri, Iowa and Minnesota.
  • Representation of owner participant in subleasing, restructuring and sale of a $400 million Class A office project in downtown Denver, Colorado.
  • Representation of equity interests in acquisition, leasing, financing, management, and ownership and bankruptcy restructuring of a 600,000 square foot Class A office property in Boise, Idaho.
  • Representation of institutional investors in loan acquisition and modification, joint-venture restructuring, and ultimate disposition of office portfolio project totaling over $500 million.
  • Representation of developer of 150,000 square foot medical office building in suburban Minneapolis, Minnesota in pre-development activities, including land acquisition, tax increment financing arrangements and project leasing.
  • Representation of owner participant in $100 million leveraged sale-leaseback for multiple site retail portfolio, including approximately 50 refinancings of separate properties, including securitized financings, subleasing, property management, redevelopment, build-to-suit sale and related development matters, property disposition, as well as lessee and rent restructurings.
  • Representation of owner participant in $40 million multiple-site retail portfolio, including acquisition, financing and refinancing transactions, sale, sublease and property management matters, and property dispositions.
  • Representation of remainderman in 101-site national restaurant portfolio, including disposition, financing and related ongoing matters.
  • Representation of national developer in several multi-state, multi-property real estate purchase and sale transactions, including $100 million, 5-site retail portfolio, $75 million, 7-site industrial portfolio, $85 million, 4-site office portfolio, and related sale, financing, development, leasing and property management matters.
  • Representation of owner participant in $130 million, 30-store leveraged sale-leaseback with estate-for-years/unsubordinated remainder structure, involving multiple loan participants, with ongoing tasks including separate property restructurings, exchanges, and sale and refinancing transactions.
  • Representation of lessee in $50 million sale and leveraged leaseback and ground lease financing of 8 locations for national department store.
  • Representation of lessee in $25 million sale and leveraged leaseback financing of 24 gasoline/merchandise stores with estate-for-years/ unsubordinated remainder structure.