Leasing & Property Management

Overview

Our experienced commercial leasing and property management attorneys draw from their deep understanding of the business of real estate to support a national client base of landlords and tenants. We work seamlessly with our clients in aggregating millions of square feet of real estate capital, resolving issues quickly and with clarity, which serves as the foundation of our reputation as “deal makers,” not “deal breakers.”

Backed by decades of experience in office, retail and industrial commercial leasing transactions, as well as property management, Dykema regularly represents institutional and entrepreneurial property owners including REITs, multi-national pension funds, insurance companies, developers and mortgagees. Our clients also include leasing agents and managers of commercial properties, Fortune 500 and other national companies, and developer landlords.

Keeping a sharp focus on client business objectives, we act quickly and efficiently to resolve leasing and property management issues. Our real estate leasing services range from drafting and negotiating standard leases and lease amendments to more complex transactions involving lender subordination, equity participation and joint ventures. We represent landlords and tenants involved in “big box” retail lease transactions and medical office building leases. Dykema lawyers are also experienced in such ancillary issues as those related to day-to-day property ownership and management. These range from general construction and legal compliance issues, to landlord/tenant matters. Our property management capabilities include such services as negotiating brokerage agreements, vendor contracts and telecommunications licenses, and advisement on distressed property situations.

Experience Matters

  • Represent a wireless and broadcast infrastructure owner and operator in its efforts to extend leases and obtain easements in connection with its wireless communication tower network in 12 states. Each transaction requires considerable interaction and negotiation with land owners and their counsel. Representative adverse parties include public utility companies, municipalities, REITs, owner occupied real estate holders and real estate investors.
  • Represent Visionworks of America and its subsidiaries in connection with its retail leasing across the country, as well as its headquarters and manufacturing and distribution centers. Representation has included handling approximately 200 new locations in the past few years and negotiating economic incentives for its headquarters and distribution facilities and lease for approximately 500,000 square feet of industrial space.
  • Represented a landlord in extensive retail lease negotiations with a wide range of leading national retailers, restaurants, banks and other tenants. The negotiations involved several complex issues, including co-tenancy, self-help rights and use clauses, and consent issues affecting existing tenants. In addition to the leases, the Dykema team negotiated the 3-party Subordination, Non-disturbance and Attornment Agreements.
  • Advised a developer in the design of a leasing program, which posed issues under federal and state fair housing laws, state laws governing continuing care and the governance documents of the community.
  • Represented a national developer in connection with the development and leasing of a major industrial airport and related properties in Fort Worth, Texas.
  • Represented a large life insurance company and its real estate subsidiary in the leasing and management of more than 15 million square feet of office, retail and industrial space in a portfolio of 30 properties in six states.