Real Estate
Benesch’s Real Estate Practice Group is recognized for leading some of the largest and most complex acquisition, disposition, financing, joint venture, leasing and development projects and matters in the country and around the globe. We represent REITs, private equity funds, public and private companies, developers, owners, landlords, tenants, lenders, borrowers and distressed real estate funds in matters that span every stage of the real estate life cycle.
Overview
Comprised of more than 50 attorneys and paralegals, ours is one of the largest true real estate practices in the United States. Clients rely on our market insight, structuring creativity and reputation as practical dealmakers to move sophisticated transactions from concept to closing.
We are nationally ranked in Real Estate Law in the 2026 Best Lawyers® “Best Law Firms” guide and a Tier 1 practice for Cleveland Real Estate Law, and our group is recognized by Chambers® 2025. Five of our real estate attorneys are ranked as Leading Lawyers by Chambers USA and three partners are fellows of the American College of Real Estate Lawyers (ACREL), an invitation-only organization for lawyers with the highest standards of professional and ethical conduct.
Our Real Estate Practice Group is truly national in scope. Roughly 80 percent of the transactions we handle take place in jurisdictions where we do not have a physical office, and we work seamlessly across the United States through a strong network of local counsel. At the same time, clients benefit from the value of working with a Midwest-based firm while receiving counsel on transactions with no geographic limits.
A hallmark of our practice is that clients bring us in early. We are often engaged at the outset of a project to help structure the deal and design the capital stack, including introducing developer clients to debt and equity sources. Our lawyers blend legal and business judgment to align financing terms, joint venture arrangements and long-term ownership objectives, helping clients efficiently position projects for development, stabilization, disposition or recapitalization.
Our leasing team negotiates hundreds of leases and lease-related transactions every year for owners, REITs, retailers and other users across the country. In the past year alone, we negotiated more than 400 new leases nationwide, including office, industrial, retail and other commercial leases, along with approximately 350 lease amendments, extensions, assignments, terminations and related transactions.
We also advise on federal and state environmental laws implicated in real estate investment and development, including the Clean Air Act, Clean Water Act, CERCLA, TSCA, RCRA and FIFRA, as well as state law equivalents. We have guided clients through brownfield redevelopment projects across the United States, working closely with state environmental protection agencies and the U.S. EPA.
Core Asset Classes and Industries
We advise on transactions across all major commercial real estate asset classes, including:
- Retail and mixed use
- Multifamily
- Industrial
- Office
- Hospitality and leisure
- Senior living and healthcare
- Powered land and data centers
- Distressed and special situation assets
Industry Leadership and Recognition
Our real estate attorneys are active members in leading industry groups, including the Urban Land Institute (ULI) and the International Council of Shopping Centers (ICSC), and are frequent speakers at national real estate conferences. In addition to our national ranking in Real Estate Law in 2026 Best Lawyers® “Best Law Firms,” 16 Benesch attorneys are recognized in the 2026 Best Lawyers® guide for Real Estate Law. Our Chambers® 2025 recognition reflects both our national work and our deep bench of real estate talent across the firm.
Representative Experience
The following examples reflect the scope, scale and geographic reach of our real estate practice:
Real Estate Transactions
- Represented the seller/tenant in the sale-leaseback of four manufacturing facilities in four states for more than $48 million.
- Represented the buyer/borrower acquisition, financing and leaseback of a supermarket property in Costa Mesa, CA for $13 million.
- Represented the buyer/borrower in the acquisition, financing and leaseback of a supermarket property in Torrance, CA for $8.5 million.
- Represented a Fortune 500 tire manufacturer in the sale-leaseback of improved real property with the construction of a new corporate world headquarters, a new headquarters facility for the North American tire business and improvements to the company’s technical center and research facilities.
- Handled divestiture of a 40-acre parcel and the subsequent leaseback of a 6-acre parcel to serve as the site of a world headquarters.
- Represented numerous manufacturing and distribution companies in sale-lease back transactions.
Sale-Leaseback Transactions
- Represented the seller/tenant in the sale-leaseback of four manufacturing facilities in four states for more than $48 million.
- Represented the buyer/borrower acquisition, financing and leaseback of a supermarket property in Costa Mesa, CA for $13 million.
- Represented the buyer/borrower in the acquisition, financing and leaseback of a supermarket property in Torrance, CA for $8.5 million.
- Represented a Fortune 500 tire manufacturer in the sale-leaseback of improved real property with the construction of a new corporate world headquarters, a new headquarters facility for the North American tire business and improvements to the company’s technical center and research facilities.
- Handled divestiture of a 40-acre parcel and the subsequent leaseback of a 6-acre parcel to serve as the site of a world headquarters.
- Represented numerous manufacturing and distribution companies in sale-lease back transactions.
These matters illustrate our ability to handle complex commercial real estate deals at scale while staying focused on what our clients value most: practical solutions, efficient execution and long-term asset performance in markets across the country.
Representing Lenders
- Represented one of the nation’s largest banks as the lead syndicator and arranger of construction financing for the development of an iconic 34-story residential tower with ground floor retail space and a parking garage in downtown Cleveland, OH. The development is a high-profile project in the nation’s second largest performing arts district outside of New York. The development involved a vertical subdivision and multiple ground lease structure. As counsel for the lead bank, Benesch took the lead in the document negotiation and all aspects of due diligence, including title, survey and zoning review, as well as comprehensive review and analysis of the documentation of the tax increment financing and other public incentives that the project received.
- Represented a national lending institution in the senior loan on the $350+ million mixed-use hotel/multi-family and retail development on E. 9th Street in Cleveland, OH. Our work included documenting the $70 million construction loan and coordinating the loan with 24 other sources of capital necessary to fund the development of the complex development.
- Represented a lender in the making of a $21 million mezzanine loan secured by a pledge of membership interests in an entity that was developing a shopping center in Chicago, IL. The loan involved complicated intercreditor issues and purchase rights, as well as a multitude of construction issues.
- Negotiated with lender for a partial release of one of the properties permitting the sale under threat of eminent domain.
- Represented a pension fund in the permanent financing of a suburban shopping center.
- Represented a life insurance company in numerous financings of commercial and retail properties.
- Represented large national lenders on the issuance of construction loans to developers for the acquisition and development of multiple parcels of land.
- Represented lender in the financing for a high-rise building containing a hotel and office space secured by mortgage encumbering air rights, fee and leasehold parcels.
- Represented a lender in the acquisition of a 15-story apartment/mixed-use property by deed-in-lieu of foreclosure of a $32 million mortgage.
- Represented lender in the financing of seven office/warehouse projects in two states.
- Represented a mezzanine lender in connection with a $1.2 million bridge loan.
- Represented a lender in connection with several mezzanine loans provided to retail property owners, each having a typical transaction value of more than $10-$15 million.
- Represented a national bank in connection with all real estate matters relating to the issuance of letters of credit of more than $25 million to support the bond financing of senior care, nursing home and assisted living facilities.
- Represented a national bank in connection with all real estate matters relating to a $16.5 million credit facility.
These matters illustrate our ability to handle complex commercial real estate deals at scale while staying focused on what our clients value most: practical solutions, efficient execution and long-term asset performance in markets across the country.
Representing Owners/Developers
- Represented multiple national and regional developers in connection with the redevelopment of over 50 shopping centers (including open air-centers and enclosed malls) throughout the U.S. In this role, we enter the process early and start by evaluating the potential legal hurdles (co-tenancy, consent rights, REA issues, etc.) to assess the feasibility of a potential redevelopment project. We then often serve as project counsel in connection with the development, construction, financing (debt and equity) and leasing efforts, in many cases leveraging our national relationships with retailers and financing sources to aid in the completion of the project.
- Represented a developer in the development and new construction of a 2.2 million square foot integrated mixed-use complex covering two city blocks. The project is an arrangement of subdivided air-rights parcels with the following components: 48-story residential tower with apartments and condominiums, 17-story 200,000 square foot class A office tower, 120,000 square feet of first and second floor retail, 84 linear residential units, over 1,800 stall parking structures and a 90-key luxury hotel that spans the airspace between the residential tower and office tower.
- Ongoing representation of a developer in connection with the de-malling and complete transformation of recently acquired, struggling enclosed malls, including providing counsel with respect to the construction, development, public finance, leasing, REA and anchor tenant approval considerations and negotiations and debt and equity financing.
- Represented a national developer in connection with the co-development of a high-profile, vertical-mixed use project in Texas. The project includes multiple uses, including a 430+ unit multifamily apartment complex, within a large scale vertical mixed-use project including ground floor retail, office and hotel uses and subterranean parking facilities. Benesch serves as overall project counsel to one of the national co-developers. The project involves a complex leasehold, vertical condominium regime and is a public/private partnership with local governmental entity.
- Ongoing representation of the owner/developer in the redevelopment of enclosed regional mall in the Washington D.C. metro market, into an urban, mixed-use project including experiential retail, office, parking and multi-family apartment project.
- Represented a regional developer in connection with multiple vertical mixed-use development projects, involving retail, multi-family and student housing, many of which developments are structured as long-term development ground leases.
- Represented developers of new shopping centers, including a 1.6 million square foot open air shopping center in southwest Florida, including multiple phases and a variety of uses, such as retail, entertainment, restaurant and hotel.
- Represented the developer of an 80-acre, mixed-use retail, entertainment and residential project in southeast Florida, integrated with an existing state-of-the-art thoroughbred horse racetrack with a Vegas-style clubhouse and casino.
- Represented one of the largest developers, owners and managers of multifamily residential property in country in the development and financing of a 330-unit multifamily apartment development near San Antonio, TX, including multiple joint venture limited liability company agreements, $28+ million construction financing, $11.5 million mezzanine financing, a shared work infrastructure development agreement and multiple declarations of covenants, restrictions and easements related to the mixed-use development of which the apartment property is a part.
- Represented a developer in its capacity as the primary investor in a joint venture formed for the acquisition and redevelopment of a mixed-use (office and retail) property located in Brooklyn, NY. In documenting the joint venture, Benesch led the effort to structure the purchaser/borrower vehicle as a tenancy-in-common arrangement (including the drafting of a complex tenancy-in-common agreement) to take advantage of 1031 proceeds that were brought into the deal. The interest acquired in the transaction was a leasehold interest (which included a complicated ground lease and sub-ground lease structure).
- Represented a large developer in connection with the acquisition of a large downtown garage, and the development of a 20-story multi-family tower to be constructed above the existing garage. Our work includes the documentation of the acquisition documents, the formation of the complicated joint venture structure, and the handling of all development, financing and construction matters. Development will cost approximately $100 million.
- Represented a large developer in connection with the development of a $300 million+ mixed-use development in downtown Cleveland, OH. Our work includes the land assemblage, acquisition financing, documentation of the entire capital stack (including multiple joint venture structure), the $235 million construction loan and all diligence matters including complex environmental issues.
- Development and financing of two $40 million+ multi-family developments in Dallas, TX. Representation included all work with respect to property development issues, structuring and documentation of construction financing and mezzanine financing, and equity negotiation and documentation.
- Represented one of the largest developers, owners and managers of multi-family residential property in country in the development and financing of a multi-phase multifamily apartment development in Pittsburgh, PA, with an initial phase of more than 360 apartment units, including multiple joint venture limited liability company agreements, $57+ million construction financing, a ground lease, an option agreement, a shared work infrastructure development agreement and an amendment to an existing declaration of covenants, restrictions and easements.
- Restored and redeveloped the Colonial and Euclid Arcades in Cleveland, OH into a $30 million mixed-use facility consisting of a hotel, retail businesses and a parking garage. The deal included conventional financing, two loans from the city of Cleveland, a HUD 108 loan and Tax Increment Financing.
- Represented a real estate developer in the development and leasing of a three phase, 550,000 square foot shopping center in Newark, DE.
- Represented one of the largest multifamily development construction and management companies in the country in the acquisition, financing and development of a 131-unit market-rate property located in Jersey City, NJ. Benesch handled all aspects of the debt and equity financing for the project, including a senior construction financing, a joint venture agreement with multiple private equity investors and a complicated promote structure, in addition to general development matters. The project also involved several complex issues, including a contribution of land by one of the joint venture partners, several complicated title issues and a complicated 1031 structure to accommodate several of the equity investors.
These matters illustrate our ability to handle complex commercial real estate deals at scale while staying focused on what our clients value most: practical solutions, efficient execution and long-term asset performance in markets across the country.
Focus Areas
Related Practices
Better with Benesch
The work we have given them is complicated. Their mastery of the details and nuances of various outcomes is masterful.
Real Estate client, Chambers USA
Comprehensive Real Estate Capabilities
Our practice covers the full spectrum of commercial real estate work, including:
Acquisitions and dispositions
of single assets and multistate portfolios, including distressed debt and asset acquisitions
Capital transactions
including senior financing, construction financing, mezzanine financing, CMBS and other structured finance, equity raises, joint ventures and preferred equity structures
Leasing
including anchor and in-line retail leases, office, industrial, ground leases and complex mixed-use projects
Development and construction
from site control and entitlements to public-private partnerships, complex condominium and vertical subdivision structures, and project-level joint ventures
Sale-leaseback and net lease transactions
for owners, investors and corporate users seeking to unlock real estate value and redeploy capital
Distressed real estate
including workouts and creative recapitalizations
Real estate tax-based structures
including 1031 exchanges
Experience
Represented digital intelligence company in restructuring its headquarters office lease in Illinois and facilitated negotiation and execution of various new international office leases in India, Spain and Mexico following corporate spin-off and acquisition by private equity company.
Represented private family investment group in acquisition of shopping center and multifamily properties in South Carolina and Arizona, respectively, including negotiation of new acquisition financing and utilization of 1031 exchange proceeds.
Represented national natural resource management and consulting services company in various fee and easement acquisition transactions relating to ecological restoration and mitigation bank development projects, including acquisition of land and perpetual easements in Ohio and Indiana.
Represented publicly traded shopping center REIT in disposition of mall outparcel located in California.
Represented publicly traded REIT in the portfolio and one-off acquisition and disposition of various triple net lease and quasi- triple net lease retail properties located throughout the United States.
Represented large national shopping center developer in acquisition financing and refinancing transactions, including shopping centers located in Florida, Ohio, Texas and California.
Represented large global investment firm as borrower in construction financing transaction secured by ground leased multifamily property located in New Jersey.
Represented national multifamily developer in various new construction financing and agency refinancing transactions for various multifamily development projects, including multifamily developments located in Nevada, Texas, and New Jersey.
Represented institutional real estate investment manager in various preferred equity investments, including acquisition and restructuring finance transactions secured by multifamily properties in New York and Ohio and industrial properties in Connecticut.
Represented private lender client in conversion and restructuring of debt position to equity interest and negotiation of $155MM in new senior and mezzanine debt and construction financing secured by luxury hotel property located in Manhattan.
Managed and executed portfolio disposition program of shopping center and mall anchor properties located throughout the United States and Puerto Rico for publicly traded REIT as both outside and seconded counsel, including over $2.5 billion in asset sales, winding down and modification of joint venture relationships, and other legal, corporate and operational support.
Represented a national multifamily developer in the financing and joint venture of a multifamily housing development for $83 million.
Represented a major multifamily developer in the financing and joint venture of a multifamily development for $70 million.
Represented a major multifamily developer in the financing and development of a multifamily property for $61 million.
Represented a large, national multifamily developer in the sale of affordable housing developments in Corpus Christi, Texas.
Represented a large, national multifamily housing developer in the acquisition of property for the development of affordable housing in Washington, D.C.
Represented a client in the $11.25 million sale of a 26-acre lakefront residential property in Illinois.
Represented a client in the sale of a hotel in Long Island City, New York.
Represented a multi-family developer in the sale of an affordable housing development in Avon, Indiana, involving complex regulatory and financing structures.
Represented a client in the purchase of a shopping center in Colorado Springs, Colorado, including negotiating tenant build-out and permitting issues and securing protections related to REAs and roadway maintenance.
Represented a client in the sale of a multifamily property in Philadelphia involving the individual sale of more than 200 condominiums, requiring extensive negotiation of HOA matters, individual pricing and title issues.
Represented the seller in a $35.5 million disposition of a 600-unit apartment complex in Battle Creek, Michigan.
Represented a publicly traded REIT in its acquisition of a Tires Plus auto repair property in Peoria, Illinois.
Represented a publicly traded REIT as buyer’s and landlord’s counsel in a more than $22 million sale-leaseback transaction involving five auto repair properties in Nebraska, Tennessee, Illinois and Alabama.
Represented a privately owned REIT in the disposition of a 1.1 million-square-foot mall for $57.5 million.
Represented a real estate investment trust in lending $53 million loan to refinance an apartment complex.
Represented a large publicly traded REIT in connection with the retail aspects of an over 600-unit multifamily development in California, including a master lease with a quasi-governmental entity.
Represented a publicly traded real estate investment trust in the disposition of a retail property in Colorado for over $23,600,000.
Represented the largest U.S.-only owner and operator of last-mile industrial real estate in the sale of 6 industrial properties located in Minnesota for about $92,000,000.
Represented publicly trade REIT in connection with a sale-leaseback transaction in which it acquired five Christian Brothers Automotive sites in Ohio, Florida, Illinois, and Nebraska for $21,000,000 +.
Max Guggenheim and Mike Klein negotiated a headquarters lease for over 127,000 square feet of space on behalf of a client’s newest spinoff. The Lease negotiation lasted almost a year, and was particularly challenging as the landlord was foreclosed during the negotiation, and involved the negotiation of the early termination of a Ground Lease Nondisturbance Agreement, an SNDA and an Escrow Agreement with the Receiver, the Lender, the Ground Lessor and the Escrow Agent. The headquarters will have office and pharmacy operations, and the client was awarded an EDGE tax credit by the State of Illinois as part of the incentive package, in connection with Vantive’s $23 million investment and creation of 50 new full time jobs as part of this project.
Represented a large West Coast REIT in the acquisition of two large multi-family properties in California for a total purchase price of $240.5 Million. Acquisition included extensive environmental review and analysis.
Represented a large private equity fund in the acquisition of 12 retail properties in Ohio and West Virginia for nearly $24,000,000.
Represented Four Corners Property Trust, Inc. in its acquisition of an Outback Steakhouse property located in Lawton, OK for $1,572,000.
Representation of a senior secured lender in the receivership and litigation of approximately $30 million in loans secured by multiple affordable housing assets in Pittsburgh, Pennsylvania.
Represented a real estate investment trust that specializes in shopping centers in the disposition of Henderson Square Mall in Pennsylvania for more than $34 million.
Represented a large West Coast REIT in the $240.5 million acquisition of two multi-family properties in California, which included extensive environmental review and analysis.
Represented the largest U.S.-based owner and operator of last-mile industrial real estate in the nearly $55 million sale of five industrial properties in Kentucky and Ohio.
Represented a large private equity fund in the nearly $24 million acquisition of 12 retail properties across Ohio and West Virginia.
Represented Four Corners Property Trust, Inc. in its $1.5 million acquisition of an Outback Steakhouse property in Lawton, Oklahoma.
Represented one of the largest multifamily residential developers in the country in the negotiation of a $34 million joint venture with an institutional equity provider and a $52 million construction loan for the development of a several hundred unit multifamily apartment complex in Texas.
Represented Blackstone in connection with its acquisition of a portfolio of 228 mortgage loans from Atlantic Union Bank for approximately $2 billion.
Represented PowerSchool (NYSE: PWSC), a provider of cloud-based software for K-12 education, in its $5.6 billion sale to Bain Capital Private Equity.*
Represented a publicly traded office supply retailer on the sale of one of its divisions to a private equity firm.*
Represented CapZone Impact Investments in connection with the launch of the United Submarine Alliance (USA) Qualified Opportunity Fund LP.*
Represented a private equity firm in its more than $14 million disposition of a student housing facility.*
Represented a private equity firm in its more than $80 million acquisition of an industrial property.*
Represented private equity firm in connection with a programmatic joint venture with a real estate investment company, which contributed U.S. commercial real estate assets to the joint venture.*
Represented private equity firm in connection with its joint venture with a real estate investment company involving a $275 million loan and security agreement.*
Represented the developer of a mixed-use building in the formation of a hotel-branded residential condominium with a luxury commercial tenant at ground level.
Represented a family office in the acquisition and financing of a multifamily portfolio in Texas, including the assumption of over $100M in loans from Fannie Mae and Freddie Mac.
Structured a series of leasehold condominium deals that enabled New York not-for-profit tenants, including various corporate headquarters, charter schools, community health organizations, and hospitals, to secure vital tax exemptions while maintaining compliance and community focus.
Represented a large privately owned REIT in connection with its sale of a shopping center in Ann Arbor, Michigan for over $53 million.
Represented a large West Coast REIT in the disposition of a large multi-family property in Los Angels, California for a purchase price of approximately $240 million.
Represented a publicly traded real estate investment trust specializing in convenience real estate in the acquisition of a 5-property convenience portfolio in Pennsylvania for nearly $15 million.
Represented a publicly traded real estate investment trust specializing in grocery anchored shopping centers in its nearly $37 million acquisition of the Westgate North Shopping Center in Washington.
Represented multi-family developer in the sale of affordable senior housing development in Houston, Texas.
Represented a nonprofit animal services company in the purchase of its new headquarters in Garfield Heights, OH.
Represented a buyer in connection with its acquisition of three gas stations in Oklahoma, Kansas, and Mississippi for an aggregate purchase price of $74 million.
Represented a buyer in connection with its acquisition of five properties leased to national retailer for an aggregate purchase price over $8 million.
Represented a publicly traded real estate investment trust specializing in multifamily in the sale of apartments in California for more than $125 million.
Represented a metal manufacturer in the sale of an industrial warehouse in Ohio for over $6 million.
Represented a leader in the veterinary industry in its acquisition and lease-back of property located in Bloomfield Hills, MI for about $1.5 million.
Represented one of the largest multi-family owners in the country in connection with its acquisition of two commercial properties located outside San Francisco, California for an aggregate purchase price of $26 million. This transaction was in connection with a new multi-family development planned on the property.
Represented a medical device company as the tenant in the negotiation of a new 260,000-square-foot build-to-suit warehouse lease in Altavista, VA. The negotiation included the negotiation of the donation of the land for the facility from the town in return for the $37 million capital investment.
Represented Custom Glass Solutions LLC, a glass manufacturing firm and portfolio company of Stellex Capital Management, on the sale and leaseback of a property out of which they operate in Upper Sandusky, Ohio for over $22 million. The deal was structured as a sign-and-close sale leaseback with significant financing issues to release the existing mortgage prior to closing.
Represented a real estate agency in the acquisition of a medical center in Ames, Iowa for $2.75 million.
Represented a large private equity firm in the sale of four multifamily apartment properties in Ohio for over $60 million.
Represented KeyBank in connection with its $23.85 million loan for the acquisition of two industrial properties in Lugoff, South Carolina.
Represented The NRP Group LLC in its $7 million purchase of unimproved land in Travis County, Texas, and the subsequent $53 million loan for the construction of a multifamily project on the land.
Represented The Mid-America Management Corporation in its acquisition of a shopping center in northeast Ohio for more than $12 million.
Represented The NRP Group LLC in a joint venture formation to allow for the construction and development of 3 multifamily projects in Texas.
Represented The NRP Group LLC in a more than $45 million joint venture financing for the construction and development of a multifamily project in Princeton, Texas.
Represented a large private equity firm in the buyout of its membership interests in a joint venture owning a hotel located in Illinois.
Represented Brookfield Asset Management in connection with the real estate and loan-related matters of its acquisition of a portfolio of 43 mortgage loans from Valley National Bank for over $920 million.
Represent NRP in the sale of a multifamily property located in in Bee Cave, Texas for $49 million.
Represented a real estate agency in the purchase of a single tenant commercial building in Belleville, IL.
Represented a real estate development and investment firm in the sale of multifamily development located in Salisbury, MD for $15 million, which required a loan assumption by the buyer and a joint venture with the buyer.
Represented a REIT in the sale of outparcel land in Lake View Plaza, Orland Park, IL for $2.6 million.
Represented Pantzer Properties, Inc. in the formation of Panco Strategic Real Estate Funds II – V.*
Advised Clarion Partners’ management in connection with the recapitalization and acquisition of an 83% ownership stake by Legg Mason for $585 million. Advising various fun sponsors in connection with sponsor-level recapitalizations and strategic investments.*
Represented a private equity real estate company in the disposition of an office complex valued at approximately $153 million in Seattle, Washington.*
Representation of Douglas Emmett, Inc. in connection with the formation of a joint venture with Qatar Investment Authority to acquire a portfolio of four office buildings in Los Angeles for $1.34 billion.*
Represented overseas investors in the disposition of industrial portfolios and multifamily assets.*
Represented overseas investors in the acquisition of hotel and industrial portfolios through Shari’ ah compliant structures.*
Represented a New York-based private equity firm in the formation of programmatic joint ventures with two senior housing developers for the acquisition, development and operation of senior housing facilities in the Northeast and California.*
Represented a German bank in connection with the formation of a joint venture to redevelop a shopping mall into a mixed-use property.*
Represented a real estate private equity firm in the formation of a closed-end partnership to acquire two hotels located in Mexico.*
Represented a large private equity fund in connection with its $30,000,000+ acquisition of 16 properties located in Alabama and New York leased to a national retailer.
Represented one of the largest multifamily owners in the country in its disposition of an apartment complex in San Mateo, California for over $250 million.
Represented a shopping center REIT specializing in retail in its sale of an enclosed mall in West Virginia for $12.5 million.
Represented guarantor and its subsidiary borrowers in connection with a $530,000,000 syndicated mortgage loan secured by a portfolio of 35 shopping center assets located across the nation.
Advised a tenant religious congregation in its long-running dispute with its commercial landlord, who demolished the congregation’s synagogue but failed to re-build it as required by the lease.*
Defended a Brooklyn private school against claims by a nationally recognized building contractor seeking compensation for defective renovation work.*
Brought claims on behalf of the developers behind a $500 million Staten Island revitalization project against the design-build team commissioned to construct the Western Hemisphere’s largest Ferris wheel. Represented the developers as creditors in the bankruptcy proceedings that followed.*
Defended a landlord in a declaratory judgment action brought by tenants alleging that their lease period never technically commenced, resulting in an extended rent-free period.*
Defended a historic NYC church against claims that it had impliedly assigned the right to control its property to its former national organizing body.*
Represented the buyer in its acquisition of a grocery anchored shopping center in a suburb of Chicago, IL for $16,650,000.
Advised a leading international investment and management firm, performing all diligence and related needs for their purchase of loans in default for a total of over $600 million and subsequent foreclosures of more than 70 properties in California.
Represented one of the nation’s largest multifamily owners in its disposition of an apartment complex in Georgia for $21,600,000, which disposition included the defeasance of existing debt.
Represented one of the nation’s largest multifamily owners in its disposition of an apartment complex in Georgia for nearly $16 million, which disposition included the defeasance of existing debt.
Represented a large private equity fund in connection with its acquisition of forty bank branch locations in a more than $55 million NNN sale-leaseback portfolio transaction.
Represented a large private equity fund in connection with its acquisition of 12 properties located in Mississippi and Louisiana and leased to Dollar General for a total aggregate purchase price of over $21,000,000.
Represented a large private equity fund in connection with its acquisition of 111-acre industrial property in Illinois for greater than $86 million.
Represented the buyer in the acquisition of a six-tenant retail strip center located in the Dayton, Ohio area for approximately $6 million.
Represented a leading international investment and management firm in its $8.2 million disposition of an office complex in Maryland.
Represented one of the largest multifamily developers in the country as the seller in its disposition of an affordable housing property in Michigan, structured as a partnership interest entity sale.
Represented a publicly traded REIT in connection with a $495 million sale of a six property portfolio of shopping centers located in Ohio, Florida, Oregon and Arizona, consisting of approximately 2.5 million square feet of gross leasable area, to a joint venture between a state pension fund and Chicago area real estate investment firm.
Represented a large national shopping center developer in its $58,000,000.00 disposition of a shopping mall located outside of Denver, Colorado.
Represented buyer in its $32,500,000 acquisition of 22.6-acre shopping center located in Loganville, Georgia, with 26 tenants and anchored by Kroger.
Represented a seller in its $4,100,000 sale of a four-tenant strip center outparcel located in Missoula, Montana.
Represented a buyer in its $1,935,000 acquisition of a 0.5-acre property in Michigan leased to a tenant operating a pet neurology facility.
Represented a large private equity fund in connection with its acquisition of twenty-one retail/industrial properties in a more than $40 million NNN sale-leaseback portfolio transaction.
Represented client in the acquisition and development of two future Popeye’s in Colorado for a total of $5,357,143. Drafted and negotiated all loan documents, joint venture documents, acquisition documents and all other documents required in connection with the acquisition of the properties and loan.
Represented prominent real estate investment company on the disposition of a portfolio of three industrial properties located in Ohio and Indiana, with the properties comprising approximately 700,000 square feet and with a transaction value of more than $43 million.
Represented a global real estate private equity fund in connection with numerous acquisitions of grocery anchored shopping centers throughout the United States, including properties located in California, Florida and Pennsylvania, with each deal typically valued at $40+ million.
Represented global real estate private equity fund in the acquisition of a 200,000+ square foot single tenant industrial property located in the Tampa, FL area for in excess of $27 million.
Represented a joint venture comprised of a global real estate private equity fund and a publicly traded REIT on a portfolio sale of five large grocery anchored shopping centers located in Florida and Pennsylvania for more than $100 million.
Represented a national real estate developer on the purchase of a $33 million note from an institutional lender secured by a prominent regional power center located in Kansas.
Represented a large public REIT in connection with the complex acquisition of a grocery anchored urban shopping center located in the heart of Chicago, IL for more than $80 million. The 130,000+ square foot shopping center was developed, constructed and leased during the course of the transaction.
Represented a prominent industrial property owner on the sale of a three property industrial portfolio comprising 215,000+ square feet located in San Diego, CA for approximately $95 million.
Represented global real estate private equity fund in connection with the sale of an approximately 175,000 square foot grocery anchored shopping center located in San Francisco, CA for in excess of $105 million.
Represented a prominent national developer on the development and financing of a 300+ unit multifamily apartment project in Texas, including structuring multiple joint ventures, negotiating construction and mezzanine financing, and addressing numerous development related title matters.
Represented a publicly traded REIT on a complex portfolio sale of three large regional shopping centers located in Utah in a deal valued at approximately $225 million. The shopping centers totaled more than 1,500,000 square feet of space.
Represented a global real estate private equity fund in connection with numerous acquisitions of industrial, warehouse and flex properties throughout the United States, with each deal typically valued from $15 million to more than $40 million.
Represented NYC based real estate private equity fund on the acquisition and financing of a 535,000+ square foot retail power center located in Michigan for approximately $63 million.
Represented multifamily property owner and operator in connection with the acquisition and financing of a two property apartment portfolio located in the greater Columbus, OH market, comprised of approximately 600 units, with a transaction value in excess of $80 million.
Represented a global real estate private equity fund in connection with the acquisition of a 165,000+ square foot grocery anchored shopping center and industrial mixed use condominium project located in the greater Los Angeles, CA market, with a transaction value in excess of $45 million.
Represented a prominent national developer on the ground leasing, joint venture structuring, financing, development, and construction of a 350+ unit luxury apartment development valued at more than $100 million as part of a larger master planned mixed-used project in Pittsburgh, PA.
Represented a publicly traded REIT in connection with the sale of an 11 property grocery anchored shopping center portfolio consisting of assets located in New York, Georgia and Ohio to a global investment fund for in excess of $150 million.
Represented a Fortune 500 company on the sale, leaseback, development and redevelopment of the client’s world headquarters and longtime campus located in northeast Ohio. The $250+ million project involved the sale of hundreds of acres of improved and unimproved property to numerous third parties.
Represented one of the world’s largest owners of industrial properties on the sale of a three property multi-tenant industrial portfolio comprising approximately 1,000,000 square feet in the San Antonio, TX area for more than $140 million.
Represented a global real estate private equity fund and that company’s operating partner on a complex portfolio sale of four large open-air shopping centers located in Ohio, New Jersey, Colorado and Arizona, in a deal valued at approximately $100 million.
Represented one of the country’s largest owners of multifamily properties on the acquisition and financing of a six property apartment portfolio located in Indiana, comprising over 2,100 units, with a transaction value of approximately $250 million.
Represented a global real estate private equity fund in connection with the acquisition, joint venture structuring and financing of a 600,000+ square foot mixed use property located in the greater Oakland, CA area for more than $85 million.
Represented a publicly traded REIT in connection with the portfolio sale of two regional power centers located in the greater Boston, MA market for $300+ million.
Represented an Ohio based private equity fund in the acquisition, financing and eventual sale of numerous multifamily assets located in Florida.
Advised a publicly traded REIT on all facets of multiple redevelopment projects relating to existing shopping centers and potential conversions to mixed-use projects, including addressing title matters and potential tenant consents, pursuing joint venture opportunities, and negotiating with development partners.
Represented prominent national developer in resolving an ongoing dispute with a joint venture partner relating to a large shopping center investment, including restructuring terms for the joint venture, addressing existing loan matters, and recapitalizing the company.
Handled all real estate matters with respect to the multi-state asset acquisition of a chain of rehabilitation hospitals and skilled nursing facilities involving the fee purchase of 20+ properties and the assumption of 10+ leases, having an aggregate transaction value of approximately $190 million.
Represented NYC based private equity fund on all real estate matters in connection with an approximately $350 million portfolio acquisition of senior living communities located in five different states.
Represented large national industrial property owner and investor in the disposition of an industrial property located near Chicago, IL comprising 320,000 square feet with a transaction value of approximately $48 million.
Advised governmental client in connection with a $168 million redevelopment project involving over 250 separate parcels stretching over 7 miles of roadway in northeast Ohio.
Represented a national banking institution with respect to loan workouts involving approximately $100 million of loans secured by distressed real estate assets, including documentation of loan modification terms, handling negotiations relating to additional collateral, navigating inter-creditor issues and lending group concerns, and advising as to bankruptcy filing implications.
Represented investment fund in connection with the purchase of an industrial property located in the Seattle, WA area for in excess of $25 million.
Represented NYC based private equity fund and that firm’s operating partner in connection with the sale of a lifestyle center located in Orlando, FL for approximately $40 million.
Represented prominent consumer goods company on the sale of multiple manufacturing and warehousing facilities located in Ohio as part of a larger $550 million corporate transaction.
Represented a publicly traded REIT on the making of an approximately $13 million mezzanine loan secured by a pledge of membership interests in an entity that owned a distressed shopping center in Florida.
Represented a publicly traded REIT in connection with the sale of a 1,000,000+ square foot shopping center located in Arizona for in excess of $80 million.
Represented prominent national property owner in the disposition of a 200,000+ square foot single tenant industrial property located near Atlanta, GA for over $18 million.
Represented one of the country’s largest owners of multifamily properties in connection with the acquisition and financing of a 200+ unit apartment community located in southern Ohio for approximately $30 million.
Represented investment fund in the acquisition of a multi-tenant industrial property located near Boston, MA and comprising nearly 100,000 square feet for approximately $20 million.
Represented prominent NYC based real estate private equity fund in the acquisition of a 235,000+ square foot grocery anchored shopping center located in Philadelphia, PA for more than $50 million.
Represented one of the country’s largest retailers on a number of significant development projects involving excess real estate across the United States. These projects typically involved the development of multifamily, retail and/or office space, together with new structured parking, adjacent to the retailer’s operating stores at prominent regional shopping centers.
Represented one of the world’s largest owners of industrial properties on the sale of a three property industrial and warehouse portfolio comprising roughly 500,000 square feet in the Milwaukee, WI area for over $40 million.
Represented a large public REIT in connection with a multi-faceted redevelopment of an existing shopping center located in the Chicago, IL area that encompasses nearly 700,000 square feet. The project included a land sale to a prominent national retailer, significant related site work, and additional outparcel sales and add on development so as to maximize the value of the overall property.
Represented prominent multifamily property owner and operator in connection with numerous dispositions of apartment complexes located throughout the United States that are typically valued between $10 million and $50 million. The transactions frequently involve the assumption or defeasance of existing debt.
Represented prominent real estate private equity fund in the acquisition of a 400,000 square foot industrial property in Savannah, GA for approximately $40 million.
Represented a large public REIT in connection with the acquisition of a 20,000+ square foot retail property located in Scottsdale, AZ for more than $13 million.
Represented investment group on the acquisition of an integrated mixed-use complex comprised of a 57 story 1,300,000 million square foot trophy office tower, 10 story historic office and bank building, 400 key hotel and subterranean parking garage.
Represented a publicly traded REIT on the purchase of an approximately $18 million loan in foreclosure secured by a mortgage on a shopping center development that was under construction in Florida. Our representation included obtaining new financing for the purchase of the distressed loan, addressing issues with the anchor tenant for the project, navigation intercreditor concerns and development matters, and resolving millions of dollars in liens on the project.
Provide ongoing representation to several prominent national retail property owners in connection with the sale of shopping centers located throughout the United States that are typically valued between $10 million and $100 million. These transactions have included successfully closing the sale of properties located in more than 40 different states.
Represented a prominent national developer on the acquisition, financing, and redevelopment of a former industrial site as a 300+ unit luxury apartment project in Cleveland, OH. The transaction included handling all aspects of the debt and equity financing, as well as general development matters.
Represented a large public REIT in connection with a portfolio review of dozens of shopping centers, based on the proposed subdivision, parcelization and transfer of multiple outparcels being split from existing properties. Our representation included assistance navigating all related title and leasing matters based on the outparcels being split from the shopping centers and then implementing the property transfers.
Represented a private equity fund in connection with all aspects surrounding a distressed real estate investment in a $150+ million regional shopping center located in Virginia. Our representation included facilitating a forbearance agreement with the various lenders and special servicer responsible for the loans on the property, as well as assisting in a restructuring and recapitalization of the existing joint venture to enhance the client’s ability to turnaround the project on a going forward basis.
Represented NYC based real estate investment fund on the acquisition, financing and joint venture structuring with respect to the purchase of a 170,000+ square foot regional retail power center located in a suburb of Chicago, IL for approximately $30 million.
Represented a private equity fund on the acquisition and financing of an approximately 400 unit apartment community located in Colorado in a transaction valued at nearly $70 million, including handling all aspects of the joint venture structuring, property due diligence, negotiation of the property management agreement, and coordinating the assumption of two separate loans.
Represented a large public REIT on the sale of a sprawling regional shopping center encompassing 1,000,000 square feet located in Minnesota for approximately $70 million. The transaction occurred during the height of the COVID-19 pandemic, resulting in a multitude of delays, as well as numerous tenant closings and lease restructurings. Our representation included assisting the client in navigating through these various issues and ensuring a successful closing.
Represented a real estate private equity fund and that company’s operating partner in connection with the sale of a prominent regional power center located in Texas to a Wall Street based international investment fund for in excess of $100 million.
Represented a large public REIT on the acquisition of a 400,000+ square foot regional power center located in Orlando, FL for approximately $67 million. The transaction involved purchasing both fee simple and ground leasehold interests in the property from different sellers, as well as working to resolve complicated title and leasing issues based on a multitude of leases and subleases in place.
Represented a national, mixed-use developer in its leasing of end cap space to an expanding national veterinary services chain.
Represented one of the largest multifamily developers in the country as the seller in its disposition of a Class A multi-family project in Florida totaling $93,500,000.00.
Represented publicly traded REIT in the sale of a formers Sears in Cedar Rapids, IA for $3,500,000.
Represented a large private equity fund in connection with its acquisition of eleven retail locations across two states in a more than $22 million NNN sale-leaseback portfolio transaction.
Represented a large private equity fund in connection with its acquisition of thirteen bank branch locations in a more than $21 million NNN sale-leaseback portfolio transaction.
Represented a privately-owned REIT in its $14,100,000 disposition of part of a shopping mall located in Albuquerque, New Mexico.
Represented an operator of veterinary hospitals in its acquisition of a neighboring parcel of land in connection with the expansion of a veterinary clinic.
Twice negotiated a reverse-TIF to accommodate the sale of a 1 million SF incomplete manufacturing plant to a multi-national buyer.
Represented one of the largest multifamily developers in the country as the seller in its disposition of an affordable housing property in Texas, which involved collapsing a ground lease structure to sell fee title to the property, negotiating equity contributions to fund closing contributions by the partnership of the property-owning partnership and the defeasance and later redemption of bond financing.
Represented a leading real estate investment trust in the acquisition of a $16,250,000 grocery anchored shopping center in Georgia.
Represented a large industrial property owner and developer in the sale of a property in Indiana for $11,725,000.
Led team in multi‐million‐dollar C&I acquisition financing for 18 limited liability companies.*
Negotiated and documented $50,000,000 in real estate loans for a single sponsor in a six‐month span.*
Represented a Cleveland-based construction company in the acquisition of a combined office-warehouse space and the negotiation of financing for the purchase and build-out of such space.
Handled national leasing negotiations for a retail tenant in over 15 locations throughout the United States.*
Advised a Port Authority in connection with a real estate due diligence review in anticipation of the Port’s acquisition of a municipal airport.
Represented a Cincinnati-based construction company in connection with the acquisition of a new headquarters building and the simultaneous taking of the company’s existing headquarters building by the State of Ohio through eminent domain.
Represented the borrower in a $21 million CMBS loan secured by a five-property commercial real estate portfolio located in Bonita Springs, Florida.
Represented the lender in the $14+ million construction financing of a single-tenant office facility near Akron, Ohio.
Represented the developer in a joint venture and $30+ million construction financing for a 320,000+ SF multifamily apartment development in Austin, Texas.
Represented the developer in a joint venture and $29+ million construction financing for a 300,000+ SF multifamily apartment development in north Texas.
Represented the developer in a $21+ million construction financing and $8+ million mezzanine financing for the development of a 200 unit multifamily apartment development in Dallas, Texas.
Represented the owner in the $22 million refinancing of a 40+ building multifamily apartment complex in Indianapolis, Indiana.
Negotiated leases for real estate developers with “big box” tenants, national chains, and local and small tenants, including national and local movie theatres, restaurants, and industrial tenants
Negotiated leases for national tenants for retail, restaurant, office and industrial uses in both free standing and in-line projects.
Member of the team that represented a public REIT in a $2.5 billion sale.
Represented the buyer of a multimillion dollar warehouse facility in Missouri.
Serving as lead real estate legal counsel to Toys “R” Us Property Company I, LLC (“Propco I”), a subsidiary of Toys “R” Us, Inc., in an effort to maximize the value of Propco I’s portfolio of approximately 284 properties in 46 states totaling 14.5 million square feet as part of the Chapter 11 bankruptcy of Toys “R” Us and its affiliates. Benesch is performing comprehensive real estate legal services associated with the operation, lease and sale of these of properties, which include former Toys “R” Us and Babies “R” Us stores, distribution centers, the Company’s corporate headquarters in Wayne, NJ, and surplus retail properties ancillary to the former store locations.
Represented the purchaser in the acquisition and financing of a shadow-anchored shopping center located near Grand Rapids, Michigan, including a “reverse” 1031 exchange.
Represents a publicly-held REIT in various retail leasing matters, including national, regional, and local in-line tenant leases, ground leases, relocation, expansion, and extension agreements, and lease assignments.
Represented the purchaser in the acquisition and Fannie Mae-backed financing of a 150+ unit multi-building apartment complex in Florida for a purchase price in excess of $9 million.
Represented the borrower in a $4+ million life insurance company loan secured by an industrial complex located in Worthington, Ohio.
Represented the lender in the modification of a $6+ million permanent financing of a single-tenant office facility near Akron, Ohio.
Represented the investor group in a $11+ million refinance of a shopping center near Milwaukee, Wisconsin.
Represented the owner in the $11.5 million refinancing of a multi-tenant retail shopping center located in DeKalb, Illinois.
Represented the developer in a $22+ million construction financing and $7+ million mezzanine financing for the development of a 290+ unit multifamily apartment development in San Antonio, Texas.
Represented the purchaser in the membership interest purchase of a limited liability company that owns a 150+ unit multifamily apartment complex located near Louisville, Kentucky, which acquisition also involved a HUD loan assumption and a joint venture.
Represented the borrower in the modification of a $5.6 million loan secured by a single-tenant industrial property located in Columbus, Ohio.
Represented shopping center owner in negotiations with city water service to supply water and sewer to the shopping center.
Represented one of the nation’s largest multifamily housing developers in a multiple-layered joint venture, including a land contribution agreement from one joint venture partner and a $7+ million preferred equity investment from another joint venture partner, and $19,000,000+ construction financing for a 100+ unit multifamily apartment development near Boston, Massachusetts.
Helped shepherd the largest private coal company in the world through Chapter 11 bankruptcy and helped manage real estate assets valued in the billions of dollars.
Represented the owner in the approximately $21 million refinancing of an industrial portfolio consisting of properties located in Lenexa, Kansas; Branchburg, New Jersey; Sheffield Village, Ohio; and West Chester, Ohio.
Represented a publicly-held REIT in the redevelopment of a shopping center involving the relocation and termination of 30 existing leases.
Benesch is representing one of the country’s largest retail property owners in connection with the sale of a large 400,000 square foot regional shopping center to a private investment company. The transaction involves complicated leasing matters that Benesch is working with the client to satisfy, while also addressing complex title, survey, leasing and diligence matters.
Negotiated national leases on behalf of top tier accounting firm.*
Represented client in multiple real estate acquisitions totaling over $100,000,000 for various developers.*
Advise a publicly-held REIT on various retail leasing matters, including issues in connection with proposed redevelopments, expansions, exclusive and prohibited uses, and signage rights for properties nationwide.
Advised a large multinational public company on multi-state property acquisitions and divestitures, bringing in local counsel, as appropriate, to ascertain local laws and customs.
Lender’s counsel in connection with a real estate workout involving $100 million of loans secured by distressed assets including loan modification relating to additional collateral, inter-creditor issues and bankruptcy.
Negotiated construction contracts for over 25 quick service restaurants.*
Represented a publicly-held REIT in the disposition of multiple outparcel lots at a retail shopping center complex in Charlotte, North Carolina.
Represented a real estate developer in a $39 million loan to acquire a warehouse/industrial portfolio.
Represented a prominent national developer and property owner in connection with a $48,000,000 loan from a life insurance company secured by a large regional shopping center.
Represented a publicly-held REIT in the acquisition and development of a Target anchored shopping center in southern California.
Counseled a developer in connection with the redevelopment of an abandoned and dilapidated four story building into a mixed-use space through the leveraging of federal and state historic tax credits.
Counsel to purchasers and sellers of regional and community shopping centers throughout the United States, including representation of a NYSE-listed REIT in the purchase and sale of numerous shopping center assets throughout the United States, with transactions totaling in excess of $2 billion, many of which involve significant redevelopment and value-add components as well as assumption of debt.
Benesch represented a regional developer in the development of a luxury student housing project in Columbus, Ohio near the campus of Ohio State University. The transaction was structured under a long-term ground lease, and was highly complex due to the preservation of a streetscape of six historic residential structures, in combination with two new mid-rise buildings. Benesch was lead counsel on the ground lease negotiation as well as development and leasing matters. Additionally, we provided strategic co-counsel on finance and construction matters. Our subsidiary, NC3 provides ongoing construction project management services on development as well.
Benesch represents one of the nation’s largest multifamily housing developers in the ground leasing, financing, and development of a 430+ unit multifamily apartment complex within a large scale vertical mixed-use project including ground floor retail, office and hotel uses and subterranean parking facilities in a high profile redevelopment project in downtown San Antonio, Texas. Benesch is handling all aspects of the ground leasing, redevelopment, and debt and equity financing for the project. The project involves a complicated master lease structure with multiple subleases, a leasehold condominium regime and reciprocal easement agreements. Benesch is handling negotiation of the multi-layered sublease structure, which governs the public-private partnership among the city, through a public facilities corporation, the master developer and the client. The development is further complicated by the inclusion of public park facilities, a subterranean garage and other shared infrastructure that is integral to the master plan for the development.
Advised multiple lenders with respect to loan workouts, loan restructurings and foreclosures on numerous projects involving mortgages transactions (including leasehold mortgages) in excess of $60,000,000.
Advise shopping center owner and developer as to potential violations of its exclusive and prohibited uses relative to individual tenant requests.
Advised and negotiated on behalf of a non-profit borrower on obtaining tax free bond financing for an assisted living project.
Advised a national lending institution in connection with a troubled real estate development loan relating to a proposed mixed-use project, including documentation of a pre-negotiation agreement with the borrower, negotiation of loan modification terms, and securing additional collateral.
Represented a borrower in the $36 million Fannie Mae refinancing of a 960-unit multifamily apartment and shopping center complex located in Philadelphia, Pennsylvania.
Represented Canadian investors in the acquisition of a value-add multifamily apartment complex with ground floor retail located in Northeast Ohio and acquisition and renovation financing through a CMBS loan.
Represented buyer in the purchase of a multi-million dollar manufacturing facility.
Represented Altus Capital Partners II, L.P. in the acquisition of MAX Environmental Technologies, a fully integrated environmental treatment and disposal company.
Counsel to private developer of multiple urban mixed-use projects with multi-story apartment projects above street-level retail, including structuring long-term ground lease transactions, providing strategic counsel on development and construction issues and managing leasing program.
Represented a Northeast Ohio-based community development corporation in the formation of a special improvement district (SID).
Served as local counsel to borrowers and lenders regarding Ohio loans.
Represented lender in $5+ million mortgage financing secured by an oil refinery in central Ohio.
Represented the borrower on a $32 million CMBS loan secured by a grocery-anchored shopping center in Pennsylvania.
Advised shopping center owner as to shopping center’s prohibited and exclusive uses.
Advised an energy company in the lease of real estate for the construction of a manufacturing facility anticipated to cost over $200 million.
Advised clients on purchase and sale of shopping centers and commercial buildings ranging in size from $1 million to $30 million.
Advised multiple borrowers in negotiating new loans and loan refinancings.
Represented a private, post-secondary educational institution in multiple sale-leaseback transactions nationwide.
Represented a tenant in the leasing of property in the Ohio City neighborhood of Cleveland, Ohio to be extensively renovated and used as a hostel, the only one of its kind in Northeast Ohio.
Represented a publicly-held REIT in the redevelopment of an approximately 1,000,000 square foot outlet mall after the mall was flooded.
Represented a real estate investment fund in its acquisition of seven commercial properties in northeast Ohio, with an aggregate purchase price of more than $150 million.
Represented a publicly-held REIT in various retail leasing matters, including anchor tenant leases, in-line tenant leases, ground leases, relocation and expansion agreements and lease assignments.
Represented a national lender in an approximately $60 million loan default included issues involving leasehold mortgages, bankruptcy and contaminated property.
Represented a large national tenant in the negotiation of a 140,000 square foot warehouse lease.
Represented a large regional property investor and owner in connection with various acquisitions and financings across numerous asset classes.
Represent a fund in the sale of a 103 property portfolio of mobile home parks.
Lead real estate associate in the acquisition of multiple granite quarrying businesses in the U.S. and Canada. Responsible for all transfer documents and the financing of the acquisitions.
Represented one of the world’s largest real estate owners and managers in the disposition of a power center near Birmingham, Alabama, with a purchase price in excess of $60 million.
Represented private post-secondary educational institution in long term lease agreements located in class A office buildings nationwide.
Represented one of the nation’s largest multifamily housing developers in a multiple-layered joint venture, including a $11+ million preferred equity investment, and $39+ million construction financing for the redevelopment of an industrial property as a 300+ unit multifamily apartment development in Charlotte, North Carolina.
Represented national developer in multi-phase big box retail development containing over 1,000,000 square feet.
Represented large regional developers in connection with leasing of in-line spaces and stand-alone stores at regional lifestyle centers and shopping centers.
Represented one of the largest developers, owners and managers of multifamily residential property in country in the development and financing of a 330-unit multifamily apartment development near San Antonio, Texas, including multiple joint venture limited liability company agreements, $28+ million construction financing, $11.5 million mezzanine financing, a shared work infrastructure development agreement and multiple declarations of covenants, restrictions and easements related to the mixed-use development of which the apartment property is a part.
Benesch represented one of the country’s largest retail property owners in connection with the sale of a prominent regional power center located in Texas to a Wall Street based international investment fund. The transaction was completed on an extremely compressed timeframe and included navigating complex leasing matters and assisting the client in satisfying challenging leasing conditions, while also resolving title, survey and related due diligence matters to ensure a timely closing.
Represented the owner in refinancing of an approximately 400-unit multifamily apartment complex in Memphis, Tennessee, with a $15+ million Fannie Mae loan.
Represented the owner in the approximately $13 million financing of a shopping center in Evansville, Indiana.
Represented one of the nation’s largest multifamily housing developers in a joint venture and construction loan for the financing and development of an approximately $62 million 270-unit market-rate multifamily apartment development in Maryland near Washington DC.
Represented one of the nation’s largest multifamily housing developers in a joint venture with a large, institutional investor and construction financing for the development of an approximately $51 million market-rate apartment building with retail located near Bostin, Massachusetts.
Represented the owner in the refinancing of a 320-unit multifamily apartment complex in Indianapolis, Indiana, with a $16+ million Fannie Mae loan.
Represented the owner in the $13+ million refinancing of a 116,000 SF grocery-anchored shopping center in Tennessee.
Represented client in $400,000,000 acquisition of multiple Ski‐Resorts located throughout the country.*
Acted as outside‐general counsel to national real estate developer.*
Represented the owner in the $6.8+ million refinancing of a 120+ unit multi-building apartment complex.
Represented one of the largest private equity funds in the world as borrower in connection with multiple CMBS loan transactions secured by shopping center assets.
Represented the owner in the $10+ million refinancing of a 98,000+ SF grocery-anchored retail shopping center in Massachusetts.
Represented the borrower in the $11 million refinancing of a 300-unit multifamily apartment complex in Fort Wayne, Indiana.
Represented the purchaser in the acquisition of a 76,000+ SF shopping center for a purchase price in excess of $4.8 million.
Represented a private equity company in many of its portfolio companies’ leasing efforts.
Represented a national banking institution with respect to loan workouts involving approximately $100,000,000 of loans secured by distressed real estate assets, including documentation of loan modification terms, handling negotiations relating to additional collateral, navigating inter-creditor issues and lending group concerns, and advising as to bankruptcy filing implications.
Represented the borrower in the $14 million refinancing of a multifamily apartment complex in Fort Wayne, Indiana.
Represented the owner in the $12 million refinancing of a ten-building multifamily apartment complex in Mishawaka, Indiana.
Represented the purchaser in the acquisition of a 150 unit multi-building apartment complex in Florida for a purchase price in excess of $7 million, including the assumption of existing HUD indebtedness on the property.
Represented the purchaser in the acquisition of a 104,000+ SF shopping center west of Chicago, Illinois, with a purchase price of approximately $6.7 million, including a 1031 exchange, and the development of a new outparcel.
Represented the owner in the $26 million refinancing of a 500,000+ SF multi-building multifamily apartment complex in Indianapolis, Indiana.
Counsel to a publicly traded company in connection with the master development of a $2 billion, 1000+ acre site in Connecticut, which project includes a new corporate headquarters for a global manufacturing company, and is anticipated to have a significant mix of office, retail, entertainment, hotel and residential elements, adjacent to a large university sports complex and stadium.
Corporate real estate counsel in connection with the sale, leaseback and redevelopment of their corporate headquarters campus which is part of a planned $900+ million office, retail, and hotel development project.
Advised shopping center owner as to anchor tenant’s intent to expand its premises in the shopping center.
Advised a Cleveland-based developer as to its interest in 4,000 acres of land in West Virginia subject to fifty year-old coal leases.
Acted as lender’s co-counsel in connection with a handful of the 35 sources of funds that were assembled to fund the $272 million initial phase of the Flats East redevelopment project in downtown Cleveland, Ohio.
Advised multiple borrowers in connection with loan restructurings, loan workouts and deed-in-lieu transactions.
Advised a health care provider in negotiating construction contracts, construction management contracts, and architectural agreements for a construction-managed project costing more than $15 million.
Represented the borrower in the modification of a $5 million loan secured by a multi-tenant retail shopping center located in Chattanooga, Tennessee.
Represented one of the world’s largest real estate owners and managers in the disposition of a power center in Texas with a purchase price of $100 million.
Represented one of the world’s largest real estate owners and managers in the disposition of a shopping center in Tennessee with a purchase price in excess of $39 million.
Represented a publicly-held REIT in the acquisition and development of a multi-phased retail development in North Carolina. The initial phase of this ground-up development included a 150,000 square foot power center. Served as lead-counsel on the project. Managed and directed a team of attorneys to complete the acquisition and leasing of the initial phase of this project within 3 months from inception to closing (including the commencement of construction).
Represented a regional multi-family developer and property owner in the acquisition of a market rate apartment property in Southwest Ohio.
Represented a medical technology start-up in the negotiation of a sublease for its first office space post-funding.
Represented a local hospital in the acquisition and redevelopment of land in Northeast Ohio.
Represented a NYSE listed REIT in the $400 million disposition of a 16 property multi-state portfolio of shopping centers.
Represented a prominent national developer and property owner in connection with obtaining multiple loans exceeding $250,000,000 in the aggregate, which loans were secured by portions of a significant regional lifestyle center and mixed-use development located in Westlake, Ohio. The loans included a $140,000,000 CMBS loan, a separate $102,000,000 CMBS loan, and a $17,500,000 HUD loan.
Represented a developer in the acquisition of a 14 property portfolio of affordable housing multi-family projects in Virginia for a purchase price in excess of $50 million.
Represented a developer in the acquisition and financing (bridge and construction) of land in Texas in connection with the development of a large student housing project.
Representation of landlords in retail leasing transactions with national, regional and local tenants ranging from anchor tenants to restaurants and other retailers, including serving as outside counsel to a NYSE-listed REIT in the negotiation of hundreds of shopping center leases.
Representation of a NYSE-listed REIT in connection with multiple loan transactions, including a $350 million mortgage loan from a national life insurance company, which loan was secured by six shopping centers located in four states and Puerto Rico; and an $85 million mortgage loan from another national life insurance company, which loan was secured by four shopping centers located in Puerto Rico.
Member of a team of associates in an $854 million 45-property portfolio acquisition and financing involving properties across the country and multiple secured loans. Completed due diligence and drafted transfer documents.
Represented one of the largest developers, owners and managers of multifamily residential property in country in the development and financing of a multi-phase multifamily apartment development in Pittsburgh, Pennsylvania, with an initial phase of more than 360 apartment units, including multiple joint venture limited liability company agreements, $57+ million construction financing, a ground lease, an option agreement, a shared work infrastructure development agreement and an amendment to an existing declaration of covenants, restrictions and easements.
Represented one of the world’s largest real estate owners and managers in the disposition of a power center in Alabama with a purchase price of almost $54 million.
Represented one of the world’s largest real estate owners and managers in the disposition of a grocery-anchored shopping center in Nassau County, New York, with a purchase price of $75 million.
Representation of lenders in connection with construction financing for urban redevelopment projects, including multiple transactions supported by historic tax credits.
Represented a borrower in a $102 million CMBS loan secured by a large regional mall.
Representation of a NYSE-listed Mortgage REIT lender in connection with the development of its mortgage and mezzanine lending program and serve as lender’s counsel for construction loans, acquisition loans and refinance transactions throughout the U.S.
Represented a purchaser in the acquisition and financing of two separate multi-family portfolios. One transaction involved a 2,192 unit ten property portfolio consisting of multi-family affordable housing projects across four states for a purchase price in excess of $106,000,000. The other transaction involved a nine property portfolio of multi-family affordable housing projects located across three states for a purchase price in excess of $19,000,000.
Represented a regional financial institution in providing multi-million dollar construction loan to a developer for the construction of a mixed-use development.
Represented an advertising company in digital sign and wallscape lease agreements nationwide.
Represented a participating lender in a $20 million participation in a $65.5 million construction financing for the development of a multi-tenant retail shopping center near Pittsburgh, Pennsylvania.
Represented a national lending institution in connection with multiple loan workouts involving a real estate loan portfolio comprising approximately $15,000,000 in construction loans and permanent mortgage financing to a borrower and its affiliates, more than ten separate office, warehouse and residential properties and developments, and nearly twenty separate guarantors.
Represented a Midwestern Community Development Entity in dozens of loans to Midwest nonprofits.
Represented a national bank in a construction loan for a single-tenant building located in Port Charlotte, Florida.
Represented a national financial institution in providing $11 million loan to a developer for construction of a multi-tenant regional shopping center.
Represented a national bank in a loan modification with membership interest pledges for a loan secured by an industrial building located in Cleveland, Ohio.
Represented a developer in the acquisition and financing of land in connection with a mixed use development in Southern California.
Represents a national real estate developer of grocery-anchored shopping centers in various retail leasing matters, including regional and local in-line tenant leases, ground leases, relocation, expansion, and extension agreements, and lease assignments.
Represents one of the nation’s largest multi-family housing developers in various development projects on a national basis.
Negotiated the sale-leaseback of an 180,000 square foot office/warehouse facility.
Advise shopping center owner and developer as to potential co-tenancy violations relative to individual tenant requests or potential closures.
Advised and assisted a governmental entity in the administration of its various real estate-based economic development loan and grant programs.
Advised and negotiated on behalf of national lenders on several construction and permanent loans ranging in size from $1 million to more than $100 million.
Advised shopping center owner as to owner’s intent to redevelop certain buildings and areas within the shopping center.
Advised shopping center owner regarding owner’s intent to expand parking at the shopping center.
Advised a public company on the sale of significant assets, for more than $100 million, comprised of over 50 parcels of land plus buildings and improvements in two counties, including coordinating title and survey requirements
Advised a non-profit company in the $20 million expansion and renovation of its facilities, including negotiating architectural and construction contracts, bond financing and related matters.
Counsel to the developer of an 80-acre, mixed-use retail, entertainment and residential project in Hallandale Beach, Florida, integrated with an existing state-of-the-art thoroughbred horse race track with a Vegas-style clubhouse and casino.
Counsel to developers of new shopping centers, including a 1.6 million square foot open air shopping center in Lee County, Florida, which included multiple phases and a variety of uses, including retail, entertainment, restaurant and hotel.
Represented the owner in the $4.5 million refinancing of a multi-tenant commercial retail shopping center.
Represented the developer in the acquisition and financing, including a $47+ million construction financing, $12+ million mezzanine financing, Port Authority financing, EB-5 financing and a 1031 exchange, for the development of a 300+ unit multifamily apartment development in Cleveland, Ohio.
Represented the borrower in a $7.6 million life insurance company loan secured by a multitenant industrial building located in Menomonie, Wisconsin.
Represented the borrower in a $13+ million life insurance company loan secured by a multitenant industrial building located in Gainesville, Georgia.
Represented the borrower in a $23+ million insurance company loan secured by an industrial building located in Brownsburg, Indiana.
Represented one of the nation’s largest multifamily housing developers in a multiple-layered joint venture in North Andover, Massachusetts.
Represented one of the nation’s largest multifamily housing developers in a multiple-layered joint venture including a contributing landowner and a large, institutional investor and construction financing for the development of a $48 million 130+ unit market-rate apartment building located in Jersey City, New Jersey.
Represented one of the nation’s largest national banks as the lead syndicator and arranger of construction financing for the development of an approximately $140 million residential apartment tower with ground floor retail space and a parking garage in Cleveland, Ohio, which included a vertical subdivision and multiple ground lease structure.
Represented a publicly traded REIT in the approximately $400 million disposition of a 16-property multistate portfolio of shopping centers.
Represented seller in sale of parcel within a retail shopping center to a national retailer, which included negotiation of a reciprocal easement agreement and development agreement.
Represented a publicly-held REIT in the assemblage of over 100 acres of vacant land in connection with the development of an 800,000 square foot retail shopping center, and in all aspects of the development phase of the project.
Represented the owner in the refinancing of an almost 300-unit multifamily apartment complex in Memphis, Tennessee, with a $16+ million Fannie Mae loan.
Represented one of the nation’s largest multifamily housing developers in the financing and development of a $51 million 145-unit market-rate multifamily apartment development with retail space near Boston, Massachusetts.
Represented the owner in the refinancing of an almost 1,000-unit multifamily apartment complex near Philadelphia, Pennsylvania, with a $36 million Fannie Mae loan.
Structured various entities, handled LLC formation and equity offerings for a national restaurant developer.*
Raised over $50,000,000 in EB‐5 Funding for former employer, as in‐house counsel.*
Represented the seller in the disposition of a light industrial complex in Jacksonville, Florida, including a “reverse” 1031 exchange.
Represented a NYSE-listed REIT in connection with the sale of a business park in California for a price in excess of $25 million.
Represented the owner in the $6.5+ million refinancing of a high-rise multifamily apartment tower.
Represented the seller in connection with the $1.32 million sale, subdivision and negotiation of an REA for the split redevelopment of a retail parcel in Ohio into retail and hotel uses.
Represented the lender of a $12 million mezzanine loan for a retail development in Illinois.
Represented a large real estate private equity fund through its communications infrastructure company in multiple acquisitions in 2023, including 42 properties and related wireless communication facilities in California, Florida, Kentucky, Maryland, Missouri, New York, Ohio, Oklahoma, Pennsylvania, Texas, Virginia, and Wisconsin. These acquisitions included over one hundred tenant interests and a combined value of over $100 million.
Represented an NYSE-listed REIT in the sale of an American casual dining restaurant chain in Kentucky and Delaware.
Served as co-counsel for Florida company in $47,000,000 commercial mortgage-backed securities loan for development of a multi-family property in St. Petersburg, FL.*
Served as co-counsel for Florida company in $16,060,000 commercial mortgage-backed securities loan for development of a multi-family property in Winter Haven, FL.*
Served as co-counsel for Florida company in $16,000,000 commercial mortgage-backed securities loan for development of a multi-family property in St. Petersburg, FL.*
Represented Michigan company in $1,920,000 Regulation D offering of investor class securities in real estate acquisition company; $2,385,000 commercial mortgage-backed securities loan; and $4,500,000 acquisition of three multi-family properties in Ferndale, MI.*
Represented Michigan company in $5,470,000 commercial mortgage-backed securities loan for refinancing two multi-family properties in Southfield, MI.*
Represented Michigan company in $2,250,000 Regulation D offering of investor class securities in real estate acquisition company; $13,800,000 commercial mortgage-backed securities loan; and $22,000,000 acquisition of two multi-family properties in Ypsilanti, MI.*
Served as co-counsel for Michigan company in $15,151,500 commercial mortgage-backed securities loan and $14,000,000 acquisition of three multi-family properties in Wayne County, MI.*
Represented Tennessee corporation in $5,000,000 joint sale of the corporation’s outstanding stock and industrial property in Manchester, TN.*
Served as co-counsel for Illinois company in $23,600,000 sale of a shopping center in Northbrook, IL.*
Served as co-counsel for Illinois company in $12,600,000 sale of a shopping center in Chicago, IL.*
Served as co-counsel for Illinois company in $30,500,000 sale of a shopping center in River Grove, IL.*
Served as co-counsel for Illinois company in $13,450,000 sale of a shopping center in Skokie, IL.*
Served as co-counsel for Illinois company in $120,000,000 commercial mortgage-backed securities loan and acquisition of a shopping center in Sacramento, CA.*
Served as co-counsel for Texas-based lender in $9,900,000 commercial mortgage-backed securities loan for the acquisition and development of a self-storage facility in Chicago, IL.*
Served as co-counsel for national lender in $40,000,000 commercial mortgage-backed securities loan for development of a commercial property in Miami, FL.*
Served as co-counsel for a Florida company in $160,000,000 sale of multiple commercial properties in Key West, FL.*
Represented one of the nation’s largest multifamily owners and operators in the sale of a multifamily property in Georgia for approximately $40 million. Our representation included coordinating the assumption by the buyer of existing debt on the property.
Represented one of the nation’s largest multifamily owners in connection with numerous dispositions of apartment complexes throughout Michigan, having an aggregate transaction value in excess of $600 million. The sale transactions each included the defeasance of existing debt.
Represented the Landlord in connection with a ground sublease to a national quick-service restaurant chain in Grandville, Michigan.
Represented a real estate investment and advisory firm in a $2,050,000 sale of a recently developed Dutch Bros in Lancaster, CA.
Represented a commercial real estate company in the purchase of $19,000,000 industrial property in Henderson, NC.
Represented purchasers in the acquisition of multiple telecommunication sites throughout the country, ranging from single sites to large multi-site portfolios ranging from $150 thousand to $30 million dollars.*
Represented investors and developers in the site acquisition, financing, and construction of multiple solar projects throughout Ohio ranging from small scale farms to large scale projects.*
Represented real estate developer in the purchases and dispositions of industrial complexes, mixed use developments, and office complexes ranging from $6 to $63 million dollars.*
Represented County of Lawrence, Ohio in the $25.5 million dollar sale of the Union Rome Sewer District.*
Acted as real estate counsel in the site acquisition, financing, and construction of a $1.2 billion dollar natural gas power plant, overseeing title and survey work, third party rights, easements, and leases.*
Represented one of the nation’s largest property owners in its disposition of an approximately $30M industrial and warehouse facility in Jacksonville, Florida.
Represent client in the purchase of an outdoor shopping center.
Represented a large real estate private equity fund through its communications infrastructure companies in multiple acquisitions of more than one hundred telecommunications assets and related real property interests in California, Florida, Kansas, Kentucky, Maryland, Minnesota, Missouri, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, South Dakota, Texas, Virginia, and Wisconsin for a total of over $75 million.
Represented client in the purchase of 5 properties that were recently developed in Michigan and Illinois and newly leased to tenants.
Represented one of the nation’s leading real estate owners in a multi-state acquisition of five healthcare properties for over $24,000,000.00.
Represented the seller in a sale-leaseback transaction for a warehouse, office and manufacturing property in Stanford, Kentucky used for acrylic paints, oil paints, stretcher bars, easels, craft paper products and accessories.
Represented the seller in its sale of a retail shopping center in Rochester, New York.
Represented private equity client as lender in three separate acquisition and construction loans collectively totaling $47,525,000 secured by multi-family property located in Dallas, Texas, in connection with the firm’s representation of that private equity client in the negotiation of and entry into the following joint ventures: (a) negotiation of a preferred equity investment into an upstream issuer, and (b) negotiation of a joint venture to acquire real estate, representing the preferred investment issuer as the capital partner, totaling an additional approximate $18 million.
Represented seller in the sale of a recently developed grocery store in California.
Represented the landlord in a lease with a boxing and martial arts fitness studio.
Represented one of the nation’s largest property owners in its disposition of an approximately $37M industrial and warehouse facility in San Jose, CA.
Represented a leading international investment and management firm in transferring membership interests in 7 underlying real properties, with a total value exceeding $51 million.
Represented a publicly traded REIT in its acquisition of three commercial truck repair garages/warehouses in Ohio and Michigan in a $10,250,000.00 sale-leaseback transaction.
Represented a national multifamily investment firm in its sale and recapitalization of a $160+ million multifamily property in New England encumbered by Agency debt.
Represented a national vehicle dealership chain in the negotiation of a mortgage loan to be used as indirect financing for the future expansion of the client’s business and related acquisition of other assets.
Represented one of the largest multifamily developers in the country as the seller in its disposition of five affordable housing properties in Texas totaling over $73,000,000, with three sales structured as partnership interest entity sales and the other two structured as fee simple sales.
Represented one of the largest multifamily developers in the country as the seller in its disposition of two affordable housing properties in Texas totaling over $50,000,000, with one sale structured as a partnership interest entity sale and the other structured as a fee simple sale.
Represented a fully-integrated real estate developer, owner and manager of retail properties in the conversion of enterprise-level equity held by an international institutional investor to senior debt held by that investor, which included redemption of the existing equity interests, creation of new debt instruments, modification of existing senior and junior debt documents, and amendment and restatement of the client’s joint venture agreement with the institutional investor.
Represented the borrower in connection with a $1,100,000 bridge loan refinance of a senior living facility in Toledo, Ohio.
Representing a large national owner/operator of retail properties in the conversion of certain institutional equity interests to debt.
Represented a large private equity fund in the negotiation of a preferred equity investment that converted to a mezzanine loan in connection with the redevelopment of a retail property in Texas. The capital stack also included senior debt and governmental grant funds.
Represented the developer in the development of an office building in Colorado, including negotiation of a co-GP joint venture, joint venture with an institutional equity provider and $73 million construction loan with a national bank. The development involved converting the use of the property and negotiation of related agreements.
Represented one of the largest multifamily residential developers in the country in the negotiation of a $20 million preferred equity joint venture with an institutional equity provider for the ground-up development of a several hundred unit multifamily apartment complex in North Carolina.
Represented the lender in a $49 million senior construction loan to finance the development of a multifamily residential complex in Colorado.
Represented one of the nation’s largest multifamily housing developers in the sale of the partnership interests in three affordable housing properties, which was cross-conditioned with the sale of two fee simple affordable housing properties.
Represented a large publicly traded REIT in the acquisition of a multistate portfolio of 6 NNN Walgreens.
Represented owner and operator of big box shopping centers across the country.
Represented national grocery chain in connection with leasing, acquisition, and disposition of property across the country.
Represented a national banking institution in connection with leasing, buying, and selling property for branch locations in the Midwest.
Represented one of the nation’s largest multi-family developers in the acquisition, development, and subsequent sale of property in southern California.
Representation of the owner in the refinancing of a hotel in northeast Ohio, with a $16 million CMBS loan.
Representation of a national banking lender in a more than $17.5 million construction loan for the development of a strip-style shopping center with multiple outparcels located in Kentucky, including financing for the build-out of the national grocery store anchor tenant.
Representation of a national banking lender in a $45 million syndicated bridge loan into a master-lease structure to facilitate compliance with Sharia law, for the acquisition of a multifamily apartment building.
Representation of the owner in an approximately $75 million refinancing of two Northeast Ohio area private-pay independent and assisted-living senior housing facilities.
Negotiated multi-pronged risk transfer and risk management provisions to protect client.
Represented a major North American automobile manufacturer in the disposition of two very large former plants, located in Ohio and Indiana.
Serve as Project counsel for an American medical devices and health care company designing and constructing a $70 million dollar West Coast Center for Gene and Cell Therapy Research and Development.
Negotiated economic incentives with the Dayton-Montgomery Port Authority.
Negotiated Ground Lease and Operating Lease for expansion property.
Represented Fortune 100 Company in the negotiation of a Capital Lease with the Dayton-Montgomery Port Authority and other governmental incentives with the State of Ohio regarding the expansion of a manufacturing plant in Tipp City, OH.
Represented a pharmaceutical company in the lease of a 154,000 sf integrated biotechnology campus in San Francisco, CA.
Represented large multifamily operator in its $115M acquisition and $94M financing of large apartment complex in Fort Worth, Texas area.
Represented a large multifamily operator in the $95M acquisition and $79M financing of two large apartment complexes in the Miami, Florida area.
Represented a large multifamily operator on the $90M disposition of its Florida multifamily asset.
Represented large multifamily operator in its $49M acquisition and $37M financing of large apartment complex in Texas.
Represented a large multifamily operator in $42M acquisition and $32M financing of large apartment complex in Fort Worth Texas area.
Ongoing representation of a publicly-traded REIT in its acquisition of NNN Leased Properties across the US.
Represented one of the nation’s largest multifamily housing developers as borrower in a refinancing of one of their Ohio properties that involved a drop-down membership interest transfer, recapitalization of joint venture equity, prepayment of bond financing, collapsing of a complicated multi-tier ground lease structure with the Cleveland-Cuyahoga County Port Authority and negotiation of a new $60 million Freddie Mac loan.
Represented one of the nation’s largest multifamily housing developers in the sale of a $109 million multifamily property in Florida.
Represented a nationwide private equity lender on a $66 Million loan to acquire and improve a 739 unit garden apartment complex.
Represented one of Canada’s largest developers and owners of multifamily residential properties in connection with a CMBS loan in excess of $36 million for acquisition financing the equity joint venture with respect to a market rate apartment property in Texas.
Represented one of Canada’s largest developers and owners of multifamily residential properties in connection with a CMBS loan in excess of $51 million for acquisition financing the equity joint venture with respect to a market rate apartment property in Texas.
Represented one of Canada’s largest developers and owners of multifamily residential properties in connection with a CMBS loan in excess of $79 million for acquisition financing the equity joint venture with respect to a market rate apartment property in Florida.
Represented one of Canada’s largest developers and owners of multifamily residential properties in connection with a CMBS loan in excess of $40 million for acquisition financing the equity joint venture with respect to a market rate apartment property in Texas.
Represented one of Canada’s largest developers and owners of multifamily residential properties in connection with a CMBS loan in excess of $89 million for acquisition financing and the equity joint venture with respect to a market rate apartment property in Texas.
Represented a regional multi-family developer and property owner in the $53 million refinancing of a market rate apartment property in the Columbus, Ohio area.
Represented a regional multi-family developer and property owner in the $28 million acquisition financing of a market rate apartment property in the Dayton, Ohio area.
Represented a regional multi-family developer and property owner in the structuring and $43 million acquisition financing via agency debt and institutional preferred equity of a market rate apartment property in the Columbus, Ohio area.
Represented a developer in the acquisition financing for a 14 property portfolio of affordable housing multi-family projects in Virginia for a purchase price in excess of $50 million.
Represented a private developer in connection with the $43 million construction financing of a student housing development in Gainesville, Florida, as well as all aspects of a complicated joint venture structure with the main equity partner, a national leader in student housing management. Due to certain requirements of certain equity investors/owners undergoing tax deferred 1031 exchanges, it was necessary to setup the transaction as a tenancy in common structure, which involved a more complicated overall structure due to various considerations that had to be taken into account to comply with IRS rules and regulations, along with a tenancy in common agreement to document the foregoing, all of which complicated matters with our construction financing.
Represented a private developer in connection with the sale/ground leaseback and $34 million refinancing of a student housing development in Arlington, Texas, and handled all aspects of the sale/ground leaseback and refinancing.
Represented the seller of a seven property market rate apartment portfolio in Florida for a sales price in excess of $103 million.
Represented one of Canada’s largest developers and owners of multifamily residential properties in connection with all of its United States-based acquisitions and dispositions. As part of its dispositions, we have assisted the client with the sale of multiple multifamily properties in Texas and Florida, each with a sales price in excess of $50 million.
Served as lead internal counsel for the national asset management/leasing teams of REITs with portfolios holding $5 billion+ in assets, 60 million+ square feet, 800+ tenants, and 300+ commercial properties.*
Served as lead internal counsel for a sponsor of national public REITs on numerous stock, asset, joint venture, and real estate transactions worth over $300 million.
Represented a large, NYC-based private equity fund in the portfolio acquisition of numerous apartment communities located in Colorado. The transactions involved roughly 1,350 units spread across multiple properties and was valued at approximately $225 million. Our representation included a complex restructuring and recapitalization of multiple joint ventures, navigating complex tax matters, and negotiating and documenting several existing loan assumptions.
Represented a consortium of multibillion dollar multinational investor funds in the real estate matters related to a REIT’s contribution of a portfolio of over 40 NNN properties into a joint venture between the investors and the REIT to serve as the seed properties for an approximately $1.2 billion NNN property platform.
In 2020, Benesch exclusively represented Site Centers Corp. on all lease amendments throughout Site’s portfolio required as a result of the Covid-19 pandemic.
Represented a multi-faceted redevelopment of an existing shopping center located in the Chicago, IL area that encompasses nearly 700,000 square feet. The project includes a land sale to a prominent national retailer that owns an adjacent parcel to allow for a store expansion by that retailer, as well as significant related site work. Benesch is coordinating all aspects of the redevelopment and transaction for the client.
Represented the owner/developer in the leasing of an enclosed regional mall into an urban, mixed-use project, including experiential retail, office, parking, and a multifamily apartment project.
Represented several of the largest shopping center owners in the United States in the negotiation and documentation of rent relief amendments due to COVID-19. This included the negotiation and documentation of over 1,000 lease amendments representing hundreds of millions of dollars in annual rent.
Served as retail leasing counsel in several regions (including West, North, and Midwest) for an owner and operator of grocery-anchored shopping centers.
Ongoing representation of a global real estate investor in all leasing transactions, asset management work, and multiple redevelopment projects across an 11 million square foot portfolio of malls and shopping centers throughout the U.S.
Ongoing representation of multiple owner/developers (including publicly held REITs) in numerous leasing transactions nationwide with national, regional, and local tenants.
Represented a distressed debt fund in the acquisition of lender’s rights to a defaulted mortgage loan cross-collateralized by 2 properties and subsequent negotiation with the borrower of a deed in lieu of foreclosure for the properties.
Represented a distressed debt fund in the real estate aspects of the acquisition of defaulted mezzanine and mortgage debt from a multinational bank secured by over 70 properties in 12 states, a deed-in-lieu of foreclosure transaction to take title to the underlying properties and negotiation of a new loan from the same bank to finance acquisition of the defaulted debt, which was secured by the portfolio.
Represented the owner of a power center in Texas in the sale of an outparcel for $2 million, which included a subdivision exemption and loan modification.
Represented the seller of multiple office properties in California totaling over $40 million.
Represented one of the largest owners and operators of real estate in the world in the sale of a grocery-anchored shopping center in the San Francisco area for over $100 million.
Represented the seller of an $80 million multifamily apartment complex developed on a former Brownfield in North Carolina.
Represented one of the nation’s largest multifamily housing developers in the sale of a $40 million apartment complex in Texas, including the defeasance of $32 million of securitized agency financing.
Represented a large publicly-traded REIT in the negotiation of a joint venture agreement in which the REIT was an equity investor in a property it formerly owned in California.
Represented a Fortune 50 manufacturing company in its disposition of decommissioned manufacturing facilities.
Represented a publicly traded retail REIT in various disposition and development matters.
Represented lenders in portfolio term loan financings covering dozens of properties in single transactions.
Represented one of the world’s largest real owners and managers in the disposition of a shopping center near Fort Worth, Texas, with a purchase price in excess of $30 million.
Represented a private, non-bank lender in a variety of loan workout transactions.
Represented one of the nation’s largest multi-family housing developers in a joint venture and construction loan for the financing and development of an approximately $100 million 442-unit market-rate multifamily apartment development in Pittsburgh, Pennsylvania
Advised the seller of a national automotive repair business on environmental issues involving property transfer under New Jersey’s Industrial Site Recovery Act (ISRA) and The Connecticut Transfer Act.
Advised a buyer on all environmental issues that arose in its acquisition of a national, full-service logistics business focused primarily on courier, warehouse management and distribution services.
Managed environmental issues on behalf of a private equity sponsor in its acquisition of the assets of a domestic and international intermodal drayage and transportation logistics company.
Advised and managed multiple clients on the disposition of commercial, warehouse and office space under New Jersey’s Industrial Site Recovery Act (ISRA).
Managed the environmental due diligence of a fund’s acquisition of 83 department stores out of bankruptcy.
Represented a fully-integrated real estate developer, owner and manager of retail properties on the acquisition of a shopping center in the Fort Worth, Texas area valued at over $58 million and on the $30 million loan secured by the shopping center.
Represented a fully-integrated real estate developer, owner and manager of retail properties on the acquisition of a distressed shopping center in the Orlando, Florida area valued at over $38 million and on the $28 million loan secured by the shopping center.
Representing a NYSE-listed REIT in the negotiation of a construction loan and preferred equity financing in connection with a large multi-phased, mixed-use development (with retail, multifamily and other uses) in Illinois.
Represented a private real estate investment firm in the restructuring of a $300 million debt & equity facility, to fund the acquisition of large shopping centers and redeveloping them into mixed use projects.
Represented Canadian developer, owner and manager of multifamily residential property in in the acquisition and financing of 560+ unit multifamily development in Texas valued at $68 million.
Represented a Florida developer, owner and manager of shopping centers in the recapitalization (debt and equity) of ten shopping centers in southern Florida.
Represented a former national retailer in the disposition of a 656,000 square foot distribution center in California for over $35 million.
Represented a former national retailer in the disposition of its 191-acre former corporate headquarters in New Jersey.
Representation of a national banking lender in an approximately $25 million refinancing of an industrial/office portfolio with properties located in several states throughout the country.
Representation of a national banking lender in a $75+ million construction loan for the rehabilitation and conversion of an office building into a residential rental apartment building in Cleveland, Ohio.
Representation of the developer in the refinancing of a mixed-use residential and retail development in northeast Ohio, with an $80+ million CMBS loan.
Representation of RES Polyflow in the $185 million bond financing for construction of a new plastics conversion plant in Indiana.
Representation of the lender in the financing for the construction of a market-rate townhome project in North Carolina.
Representation of an owner in the financing for the construction of its new headquarters office in a Chicago suburb.
Lead counsel for a national private equity fund in structuring and deploying a total of more than $150 million of loans within a one-year time period, with each individual loan in the $1 million to $12 million range, to acquire, construct or refinance troubled properties across all asset classes including retail, hospitality, multifamily (low-income and market rate) and senior living, industrial and office.
Acquisition, development, financing, leasing and management agreements for parking facilities throughout the United States. Included assemblies of multiple properties to create sites for parking facilities and future development, acquisition of office buildings with structured parking and financing of a portfolio of parking facilities.
Represented a large real estate private equity fund in connection with the acquisition of a grocery-anchored shopping center in southern Florida for over $34 million and subsequently as borrower on a CMBS loan secured by such shopping center.
Represented a large real estate private equity fund in connection with the sale of a joint-venture owned shopping center in Texas for over $20 million.
Represented a large real estate private equity fund in connection with the sale of joint-venture owned shopping centers in Illinois for over $48 million.
Represented Canadian developer, owner and manager of multifamily residential property in the sale of multifamily residential property in Texas valued at over $20 million.
Represented Canadian developer, owner and manager of multifamily residential property in in the acquisition and financing of 560+ unit multifamily development in Texas valued at $68 million.
Represented a Florida developer, owner and manager of shopping centers in the recapitalization of two grocery-anchored shopping centers in southern Florida valued at over $30 million.
No results found
High performance in practice
Ranked by Chambers® 2025
Ranked by Best Lawyers® “Best Law Firms” 2026
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