Office

Commercial real estate trends vary by sector, and our attorneys offer particular experience in office real estate, providing relevant insight to owners, developers, and managers.

Overview

Our team offers clients specific knowledge and skills in office real estate. Negotiating the terms of an office lease, the sale or acquisition of an office building, a joint venture agreement or recapitalization transaction requires attorneys like ours who know the nuances to achieve optimal outcomes. We understand the dynamics of this industry that is changing as the world of work changes. Whether clients are tracking demand based on job creation, new or alternative work models, developments in technology, or other market influences, AGG attorneys understand the dynamics involved with office space.

We represent clients in all aspects of office building ownership, including development, acquisition, financing, brokerage, leasing, management, and tax planning. We have represented clients across the country, including properties in New York such as 743 and 745 Fifth Avenue, and 100 Wall Street; the State Street Bank Building in Boston; and the Gateway East Building in Los Angeles. In Atlanta, our representation includes One Atlantic Center, the Crowne Pointe Building, the Atlantic Station project and the Riverwood 100 Building in Atlanta. This representation currently includes many office, office/warehouse and industrial parks and developments owned and/or managed by national property companies.

Experience

  • Represented regional owner of 2.5 million square foot portfolio of flex and mid-rise office properties, including acquisition, sale, leasing, finance and recapitalization transactions.

  • Represented joint venture in connection with its purchase of a 476,000 square foot office building and all subsequent leasing, recapitalization and financing transactions.

  • Represented office building tenant’s purchase of its 400,000 square foot building, and the subsequent leasing and financing/recapitalization transactions.

  • Represent owner of 1.1 million square foot multi-use property in connection with all leasing activities, including several leases in excess of 100,000 square feet.

  • Represents Atlanta Property Group, LLC in the formation of a real estate fund to acquire office buildings in Metropolitan Atlanta and in the acquisition and financing of office buildings for the fund

  • Represented general partners in connection with the formation of multifamily, commercial office, preferred equity, and residential real estate funds.

    • Negotiated office leases for over 200 tenant clients.
  • Represented affiliates of Rodamco, a European institutional investor, in the acquisition of 49 percent or greater interests in major regional shopping centers and trophy office buildings throughout the United States and Australia. Also represented Rodamco in the acquisition of significant interests in luxury hotels and resorts throughout the United States and the Caribbean.

  • Negotiated a 20-floor lease with State Street Bank and Trust Company, the anchor tenant of a prominent 1,000,000 square feet office building in Boston, including coordination of complex asbestos abatement and tenant relocation programs during renovation and restructuring.

  • Negotiating a Solar Energy Procurement Agreement on behalf of the owner of a multi-building office complex for the installation of solar facilities at several sites around the project.

  • Represented client in recapitalization of office project.

  • Representing local, regional, and national banks in construction loans for multi-family, condominium, retail, office/warehouse, and office projects.

  • Representing an institutional owner in the acquisition and disposition of “power center” retail developments, multi-family projects, office/warehouse projects and office developments.

  • Representation of national food distribution company in various office and warehouse leases, including 550,000 square foot warehouse lease in Southeast and whole floor office lease in New York City.

  • Representing real estate developers in the purchase and sale of various retail shopping centers, outparcels and office buildings.

  • Representation of tenant in multi-floor office building lease.

  • Assisted with the sale of a $4.25 million dollar office building for global third-party logistics provider.

  • Served as counsel to the sponsor of a private equity fund in its formation and private placement of membership interests for an opportunity focused real estate investment fund formed to invest in Atlanta based office properties.

  • Represented national lender in connection with an A/B note restructure of a $175 million loan secured  by an office building in Seattle, Wash.

  • Represented institutional owners in connection with leasing and management of portfolio of multiple office and office/warehouse buildings, including a 355,000 square foot office/warehouse lease.

  • Over a 10 year period represented a major international real estate company in the purchase, sale and financing of real estate with a total transaction value of $8 to 10 billion. Representation included formation, operation and dissolution of joint ventures with regional and super regional shopping center, retail and industrial property owners, and the purchase, financing and sale of office building and industrial properties. The transaction size ranged from approximately $20 million to approximately $325 million, the securitized debt secured by jointly owned shopping center ranged from $70 million to approximately $200 million and conventional bank debt transactions were at various amounts up to $1.6 billion.

  • Representation of JAS Forwarding Worldwide in the acquisition, financing and construction of its international headquarters in Sandy Springs, Georgia.

  • Represented borrowers and guarantors in connection with a loan workout and modification of an $18.8 million loan secured by three office buildings.

  • Represented developer/landlord Crescent Resources in development of 500,000 square foot (approximately) high-rise office building complex.

  • Representing tenant Intercontinental Hotel Group, in a 350,000 square foot national office headquarters lease negotiation.

  • Representing a foreign equity investor, Profimex Ltd., in structuring joint venture with U.S. based developer of office/flex properties and closing acquisition and financing of first development in North Carolina, and in structuring the joint venture for the acquisition of three office/flex buildings in suburban Atlanta, Georgia, and closing the acquisition and financing of same.

  • Served as counsel to the sponsor of a private equity fund in its formation and private placement of membership interests for an opportunity focused real estate investment fund formed to invest in office and retail properties.

  • Represented owner/developer in development, financing and leasing of Atlantic Station, a 137-acre mixed-use Brownfield redevelopment project in Atlanta.

  • Represented a joint venture of three international and one U.S. real estate company in acquiring a major real estate advisor, reviewing ongoing co-investments by the real estate advisor on behalf of the joint venture and then represented the joint venture in selling the real estate advisor and its related co-investments for approximately $560 million.

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