Cases
Experience: Acquisitions
Dispositions: Master Planned Community Commercial L
Sales: Representation of master planned community developer in connection with sale of numerous commercial parcels
imposition of various restrictive covenants
other controls in furtherance of overall development scheme. Transactions included the prospective $30 Million sale of 70 acres to be utilized as the new corporate campus for a Fortune 100 company.
$10 Million Acquisition of 400 Acres of Ranch L
: Representation of master planned community developer in connection with a $10 Million acquisition of 400 acres of ranch l
. Representation included drafting
negotiating various documents
instruments such as seller financing documents, restrictive covenants, access easements, surface waivers,
drill site designation agreements.
$16.8 Million Acquisition of 260-Unit Apartment Complex: Representation of real estate development company as purchaser in connection with a $16.8 Million acquisition of a 260-unit multifamily apartment complex located in Houston, Texas.
$9.5 Million Sale of Office Building Project: Representation of seller in $9.5 Million disposition of office building property in Houston, Texas.
$15 Million Acquisition of 2.8 Acres for Redevelopment: Representation of real estate development company in connection with negotiation of purchase
sale agreement for $15 Million proposed acquisition of 2.8 acres property in Austin, Texas. Representation included review
analysis of title
survey due diligence with special attention to effect of cell tower easement on client's intended redevelopment.
$43 Million Acquisition of 19 Acres for Redevelopment: Representation of real estate developer in connection with $43 Million acquisition of a 19-acre former concrete manufacturing facility in Houston, Texas for redevelopment as a multifamily
retail mixed-use project.
$21.5 Million Acquisition of 20 Acres for Redevelopment (Multifamily, Retail, Entertainment,
Hospitality Mixed-Use Project): Representation of real estate development company in connection with prospective $21.5 Million acquisition of 20 acre former Imperial Sugar site in Sugarl
, Texas, including review
analysis of voluminous complex title matters affecting feasibility including availability of historical tax credits
other entitlements, ability to unwind zoning
restrictive covenant framework previously imposed for now-failed prior development venture, removal of liens
resolution of ongoing litigation arising from bankruptcy of prior development venture,
other related matters.
$2.2 Billion Sale of Chemical Manufacturing Facilities: Representation of multinational chemical manufacturing company in connection with sale of multiple Texas manufacturing facilities. Representation included coordinating with client's personnel, managing firm associates,
responsibility for process of identifying, reviewing,
analyzing all relevant real estate holdings including hundreds of pipelines
related easements, licenses,
permits.
$10 Million Office Building Acquisition
CMBS Loan Assumption: Representation of law firm as purchaser in connection with a $10 Million acquisition of a three-story office building in Houston, Texas, in a transaction involving the assumption of an existing CMBS loan assumption. Representation included advising
assisting the client in navigating complex
rigorous CMBS loan provisions, drafting springing master lease agreement, satisfying lockbox/cash management requirement requirements during then-existing cash trap period,
negotiating reduction of borrower obligations while transitioning building to a 100% owner-occupied building.
$1.2 Million Restaurant Pad Site in New Retail Development: Representation of regional pizza restaurant chain in connection with acquisition of a portion of a larger parcel to be converted from an existing church to an integrated retail development. H
led all aspects of transaction including review
negotiation of title
survey
preparation of Reciprocal Easement Agreements (REA's)
Declarations of Covenants, Conditions
Restrictions (CC & R's).
Real Estate Development: Regional Mall & Shopping Center Redevelopment: Representation of real estate development group with focus on acquisition
redevelopment of regional malls
shopping centers. Representation included review
analysis of all contracts, agreements
covenants, conditions
restrictions pertaining to property redevelopment.
Urban Infill & Redevelopment: Representation of family office with significant real estate holdings in connection with various urban infill
redevelopment projects
redevelopment matters including drafting
negotiating amendments to existing recorded covenants, easements
agreements with property owners
major tenants.
Lender Representation - Loan Servicing
Collateral Asset Management: Representation of lenders in connection various projects affecting collateral property including review
analysis of public access easements
other public dedications, temporary license agreements for worksite staging, crane swing
other construction matters,
various redevelopment projects.
Commercial Leasing: Leasing Counsel for Office Building Project Owner: Representation of owner of a multi-building office project as the l
lord in connection with numerous leasing matters including ongoing negotiation of a 47,000 s.f. office lease with $1.5 Million in tenant improvement allowance,
a 24,000 s.f. office lease with $700,000 in tenant improvement allowance.
Leasing Counsel for Regional Mall & Shopping Center Real Estate Development Company: Representation of real estate development group with growing, nation-wide portfolio of dozens of regional malls
power centers. Reviewed, analyzed
abstracted hundreds of shopping center leases. Prepared
negotiated leases
related agreements for various tenants ranging from small, in-line tenants to large, anchor
big box tenants. Developed
implemented usage of st
ard leasing templates
document preparation protocols, including systems to monitor exclusive use rights
use restrictions, access
visibility provisions, protected area agreements,
other matters affecting development.
Lease Automation - Form Coding
Implementation: Representation of large real estate investment company in connection with high-volume leasing for retail, office,
warehouse/flex properties. Developed
implemented a document automation system to support high-volume leasing, allowing for quick, easy, efficient,
reliable generation of sophisticated lease documents.
Other Lease Drafting
Negotiation: Representation of both l
lord
tenant clients with preparation
negotiation of a wide variety of commercial lease agreements. Representative lease transactions include the following: Big Box Retailers - Various National
Regional Br
s: Representation of l
lord in connection with drafting
negotiation of leases for various national retailers including Academy, Ross, Ulta, Dollar Tree, TJMaxx, Tractor Supply,
others.
Port Facilities - 20 Acre Food Distribution Facility: Representation of l
lord in connection with drafting
negotiation of lease agreement for a to-be-constructed 10-acre refrigerated shipping container yard
10-acre automated banana warehouse
processing facility.
Healthcare Facilities - 45,000 S.F. Medical Clinic
Pharmacy: Representation of tenant in connection with drafting
negotiation of various medical office
pharmacy leases including lease agreement for 45,000 s.f. medical clinic
pharmacy in multi-story medical office project to be constructed.
Industrial - 7.6 Acre Lot with 61,000 S.F. Warehouse/Office: Representation of tenant in connection with drafting
negotiation of leases for industrial properties across U.S. including lease of 7.6 acre lot with 61,000 s.f. improved building space for use in supporting client's global supply chain.
100,000 S.F. Warehouse
Distribution Center: Representation of l
lord in connection with drafting
negotiation of lease of flex space in large commercial building including leasing 100,000 s.f. of space to multinational power management company for office, warehousing,
distribution center purposes.
Gas Statio ns
Convenience Stores: Representation of l
lord in connection with drafting
negotiation of packaged lease transaction including 3 leases covering 3 commercial gas stations.
Office Headquarters Lease: Representation of tenant in negotiation of a 65,000 s.f. office lease for space to be utilized as company headquarters.
Other Leases: Representation of various clients in connection with drafting
negotiation of leases for a wide variety of properties including restaurants, movie theaters
other hospitality
entertainment businesses
large
small office suites
office buildings
federal
local government offices
data centers
ports, terminals,
railyards.
Real Estate Finance: Modification of L
Acquisition Financing: Representation of master planned community developer in connection with modification of l
acquisition financing to provide for partial payoffs
partial lien releases necessary to secure development financing for 500 acre phase
226 acre phase.
$55 Loan Origination Secured by Multi-State Industrial Property Portfolio:: Representation of Lender in connection with $55 Million loan secured by six industrial properties, containing over 800,000 square feet of rentable space, located in Texas, Florida
North Carolina.
$28 Million Loan Origination: Representation of Lender in connection with $28 Million loan secured by a 10-story office building project in Austin, Texas.
$36.5 Million Loan Origination: Representation of Lender in connection with $36.5 Million loan secured by a 332-unit multifamily project.
Loan Servicing
Ongoing Lender Due Diligence: Representation of lenders in connection with various matters affecting collateral properties including recent representation of lender in connection with review
analysis of borrower request for lender consent to redevelopment of collateral office building project involving expansion of an existing on-site museum
the sale of the central office park plaza to a municipal agency for redevelopment as a public event venue.
$150 Million Loan Assumption: Representation of lender in connection with a new borrower's assumption of an existing $105 Million mortgage loan as part of a hotel purchase
sale transaction with Reverse 1031 Exchange
REIT Operating Lease components.
$55 Million Loan Workout
Short Sale: Representation of lender in connection with workout of $55 Million loan
short sale of the distressed collateral property.
$320 Million Workout
Deed in Lieu: Representation of lender in connection with distressed asset workout
deed in lieu of foreclosure with respect to cross-collateralized $250 Million
$70 Million loans secured by an integrated shopping mall
hotel project.
COVID Loan Workouts.: Representation of lenders in connection with various workouts arising from COVID, including numerous workouts of loans secured by hotel properties.
The above representations were h
led by Mr. Saghian prior to his joining Greenberg Traurig, LLP.
