Commercial Real Estate

We represented a major real estate and private equity firm based out of South Florida in its acquisition of six properties in downtown Providence, Rhode Island, that will be developed into modern mixed-use facilities that include luxury residential units. Our work involved a land swap with a municipal district and representation at all levels for local land development, including before zoning and planning boards. Our finance team negotiated private bridge financing for the acquisition that was secured, in part, by equity, and assisted on leveraging quantity-limited tax stabilization incentives available to qualified developers in Rhode Island.

Assisted privately owned real estate development company in connection with its acquisition, development, entitlement and leasing of a new shopping center in Massachusetts. Our work included negotiating and drafting multiple ground leases with national retail tenants and permitting and entitlements relating to same.

Assisted real estate investor in connection with disposition of two mid-Atlantic convenience stores, and subsequent completion of 1031 like-kind exchange into acquisition of gas station utilizing tenancy in common acquisition structure.

Assisted a nationwide retail department store in connection with the sale and leaseback of over 120 properties across the United States, which included drafting, reviewing and counseling the client through highly negotiated disposition and lease documents.

Assisted a leading hotel group in connection with the acquisition and construction of a premier glamping site in the Northeast, which included reviewing site plans together with title, survey and zoning review.

Counseled a premier nationwide storage company on the acquisition of a Miami property. This included reviewing the building’s formation documents, conducting and coordinating due diligence and drafting relevant purchase documents.

Assisted a leading nationwide insurance company in the acquisition of two major luxury apartment buildings in Phoenix and Chicago, which included reviewing the building’s organizational documents, coordinating due diligence, and drafting relevant purchase documents.

Represented a major real estate investment trust in recording light and air easements for several Manhattan properties. This included thorough research on New York City bureaucracies covering such matters, and the drafting of necessary documents to be approved by NYC and the title company.

Represented real estate investor in purchase of prime commercial real estate property in Providence, Rhode Island. Our work involved a private issuance of securities under Rule 506(b).

Represented prominent South Florida real estate developer in its eight-figure purchase of a mixed-use development south of Miami featuring retail and office space. We set up a securities offering under Rule 506(b) that helped fund the deal, and we drafted all offering documents, including upstream organizational documents. The transaction also involved the assumption of an existing loan, and the negotiation of both customary and complex real estate documents.

Represented three South Florida real estate developers in connection with their joint venture acquisition of a ground lease for a beachfront retail plaza in Palm Beach County. The eight-figure deal included drafting highly negotiated organizational documents, entity formations, and other interparty agreements. We also assisted in drafting the enforceability opinion for the loan involved in the transaction.

Amended and restated an upstream joint venture agreement between two prominent South Florida real estate developers in connection with the construction of a luxury condo development in Miami. We assisted with the multimillion-dollar construction loan and customized line of credit.

Represented a prominent South Florida real estate developer in connection with its acquisition of a prime oceanfront hotel in Miami Beach as part of a joint venture agreement with a diversified real estate developer and investment firm. Our work involved drafting organizational documents for various levels of entity ownership, assisting with securing and closing on acquisition and building loans, and assisting on drafting both customary and complex real estate acquisition documents.

Assisted CME Credit Union on its recent acquisition and permitting of a new retail bank branch with drive-thru in Cranston, RI.

Represented a premier franchisee group in the acquisition of multiple franchises across the United States.

Represented a national bank in the closing of a $30 million land acquisition and predevelopment loan for a luxury condominium in Midtown Miami, Fla.

Represented nationwide tenant renegotiating leases with multiple landlords throughout 2023.

Represented a national homebuilder in connection with the development of planned development communities.

We represented our clients PEBB Enterprises and BH Group in connection with their $104 million acquisition of Office Depot’s headquarters office in Boca Raton, Fla. Our Corporate, Real Estate and Finance teams assisted in the transaction.

We represented our clients BH Group and PEBB Enterprises in connection with the sale and acquisition of prime property in the heart of Miami. Approvals already have been issued for a 42-story tower. More Here

Represented a long time, national real estate investment company in the sale of a New Jersey commercial property. The property is leased to a long-term national pharmacy chain.

The Real Estate Team represented a New England commercial and residential developer in selling the final residential unit in a multi-unit condominium development in Rhode Island.  DarrowEverett guided the client through drafting and adopting the condominium documents, phasing additional buildings and units, and selling all the residential units.

Represented a client in the multi-million-dollar sale and leaseback of property in North Carolina. Julie Bradlow, leader of DarrowEverett’s tax practice, assisted the client and the team in structuring the transaction for the client’s benefit. The lease negotiations involved a fifteen-year term for use as a nationally franchised early childhood school.

The DE Commercial Real Estate Team represented a national real estate investment company in purchasing a multi-million-dollar office building in Miami, Florida. The acquisition involved multiple joint venture partners.  DarrowEverett advised the parties on various aspects of the joint venture, the corporate structure, and select elements of the thirty-five-million-dollar financing.

The attorneys in the DarrowEverett LLP’s Commercial Real Estate Practice Group continued their work with a large, national real estate investment company to acquire several CVS locations in Texas and Alabama. Each of these acquisitions was a cash purchase. Our real estate team guided the client through its due diligence, including a thorough review of complex title matters, survey issues, evaluations of the zoning and environmental matters of the property, and a comprehensive lease review.

The spring of 2022 saw the sale of numerous residential condominium units for a regional real estate developer. The project, which commenced in the fall of 2021, consisted of over twenty units, and with the recent closings, more than eighty percent of the units have sold. The remaining units are under an agreement to be sold before the end of the summer of 2022.

DarrowEverett LLP’s Commercial Real Estate Practice Group represented a client in connection with the acquisition of various parcels from various sellers, collectively constituting a regional mall and shopping center containing more than 100 tenants. The legal work involved, among many other matters, analysis of complicated title issues and lease provisions that impacted the client’s vision for the center’s rejuvenation.

DE’s real estate team continued to represent a national real estate investment company selling individual properties throughout the Northeast. The properties had previously been acquired as a portfolio of properties for over twenty-five million dollars and were operated by a well-known New England restaurant chain. At the time of the acquisition, our client entered into a revised Master Lease with the Tenant that contemplated future individual property sales and was heavily negotiated by DE real estate team. Each subsequent sale of one or more properties involves a breakout lease and the traditional closing documentation.

Advised long-term investor clients in the 1031 exchange of property in a multi-tenant office building in Pennsylvania. The team negotiated the purchase and sale agreement, drafted pertinent closing documents, and provided guidance to the client as to compliance with Pennsylvania bulk transfer law and the obligations thereunder.

Represented one of DE’s national clients in the sale of a national fast-food chain located in Virginia. The property had been recently acquired, financed, and the client conducted the first part of a 1031 exchange with the sale of the property.

Served as counsel for our client in the acquisition of property in Arizona which is subject to a National Repair Company’s long-term lease.

Served as counsel for our client in the sale of a significant parcel of property exceeding seven million dollars which will be redeveloped by an automobile service business as part of a 1031 exchange for the seller.

Served as counsel for our client in the acquisition of property operated by a national gas chain in Central Massachusetts which was part of a 1031 exchange for the buyer.

Served as counsel for our client in the sale of real estate in Florida which is leased to a national pharmacy chain for over six million dollars which involved a defeasance component.

Served as counsel for our client in the acquisition of six properties in Florida and Iowa for over twenty-five million dollars which are leased to a national chain of an automobile service provider.

Advised a large, national real estate investment company on the acquisition of over twenty properties in the Virginia, Tennessee, Kentucky, and West Virginia areas. The properties were subject to long-term leases with several different national food chains and were valued at over thirty-eight million dollars. The national real estate investment company utilized this opportunity to refinance over fifteen existing restaurants in its portfolio for a total loan amount exceeding sixty-five million dollars.

Advised a client on the acquisition of numerous drugstores properties across the country, who then began identifying and acquiring single and multi-property portfolios around the country under the advisement of the DarrowEverett team, engaging in cash-based acquisitions of prime location properties.

Advised a long-standing client on the acquisition of two significant portfolios of real estate property currently leased to a national drug store chain.  Further assisted the same client in acquiring over thirty-five properties from the same national drugstore company, which were then immediately leased back to the Seller.

Advised a national client with real estate throughout the country related to the negotiation and sale of several properties, the sale of which was conducted to re-adjust the client’s real estate portfolio.

Advised a small business owner on the sale of their Massachusetts business and the accompanying real estate, structured as an asset sale involving the business assets, the real estate, as well as several leases.