Daspin & Aument LLP

Commercial Real Estate

PUBLIC AND PRIVATE FINANCING
  • Tax Increment Financing
  • Bond Financing
  • Preferred Equity
  • Conventional Mortgage
  • Mezzanine
Representative Transactions: Public and Private Financing
  • A $250 million mixed-use office-residential-lifestyle center project in southwest suburban Chicago, Illinois, involving sales tax rebate financing, vertical platting and preparation of condominium declarations and related documents, leasing of 200,000 square feet of retail space to upscale national retailers, and the sale of residential and office condominiums.
  • 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 $150 million sale-leaseback lease and ground lease financing restructuring involving the redevelopment of a mixed-use hotel and office 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.
  • An upscale $200 million joint-venture lifestyle center in suburban Portland, Oregon, which includes 450,000 square feet of retail space, including a national grocer and cinema, and 50,000 square feet of office space.
  • 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 Cub Foods-anchored project in south suburban Minneapolis, Minnesota, including special assessment and construction financing, and negotiating 150,000 square feet of retail leases and outlot sale agreements.
  • 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.
  • 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 private placement syndicator and master lessee in over $100 million in office projects.
  • Development of a 28-acre industrial park in west suburban Chicago, Illinois, including coordination and supervision of remedial action plan activities and procurement of tax increment financing.
  • 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.