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Real Estate

Leasing

Understanding and achieving our clients’ business objectives are at the core of our successful leasing work.

Landlords and tenants seek out our real estate lawyers for their drafting and negotiating skill and experience handling every range of lease transaction from build-to-suit leases to ground leases to sale-leaseback deals. Office, industrial, retail—we handle every property type and structure transactions from the simple to the complex involving varied landlord-tenant obligations and spaces ranging from small office leases to full building/campus headquarters and data center leases to large-scale industrial parks and corporations’ owned and leased properties globally. We also have experience in negotiating sophisticated air rights and land lease agreements for public and private entities on large-scale projects. In all of these transactions, we work to help clients document their interests, avoid risks, and achieve their business objectives.

Representative Matters

Landlord—Lease

Negotiated the lease of a 70,000-square-foot office in midtown Manhattan to a nationally recognized education provider.

Pharmaceutical Company—Acquisition, Leases

Represented a pharmaceutical company in purchasing two land parcels in Delaware to support a build-out of a new headquarters and in negotiating multiple building leases of office and laboratory research space in Delaware and Pennsylvania.

Various Public and Private Clients—Solar Leases

Negotiated leases for solar energy facilities, including a number of the largest such facilities in New Jersey.

Landlord—Lease

Negotiated the lease of a 200,000-square-foot office in Fairfax, Virginia to an international technology company.

Shared office space company—Leases

Negotiated several leases for a shared workspace leasing company of more than 100,000 aggregate square feet for purposes of subleasing to mid-sized company tenants in the New York office space marketplace.

Private Equity Firm—Financings, Leasing

Represented a private equity firm in a series of financings and leasing of office and industrial properties.

Developer landlord—Lease

Negotiated for a developer landlord a lease with a multinational professional services company of 110,000 square feet of space at the developer’s planned mixed-use redevelopment project in Morristown, New Jersey.

Multinational manufacturer—Lease

Represented a multinational manufacturer as a tenant in negotiating a 340,000-square-foot build-to-suit lease for a manufacturing and distribution facility in California.

Major national real estate developer—Industrial building leases, sales, financing

Represented a major national real estate developer in negotiating leases of two built-to-suit industrial buildings within a planned 2.1 million-square-foot industrial park in New Jersey, which included a 725,000-square-foot distribution center leased to a major national electronics retailer, and in handling the later sales of the buildings. Secured a construction loan for the construction of the distribution center.

Major state public authority—Hotel development project

Negotiated for a major state public authority a ground lease and development agreement and assisted the public authority with procurement and construction plans related to a major Boston convention center hotel project.

Large technology company—Headquarters lease, global leasing

Negotiated two leases for a large technology company’s 600,000-square-foot, two-building headquarters in the Kendall Square area of Cambridge, Massachusetts and advise on the company’s global leasing portfolio.

Leading Boston university—Boathouse project

Represented a major Boston university in handling permitting and negotiating a ground lease and construction agreement for a state of the art boathouse.

Technology company—Headquarters lease

Negotiated a build-to-suit lease for a technology company’s 145,000-square-foot regional Texas headquarters building and parking garage. In addition to handling the headquarters lease, we negotiated multiple cross-easements with abutting property owners, park association restriction agreements, and governmental incentives. McCarter was part of CoreNet Global New England’s 2019 team recipient of its inaugural Best New Workplace Outside of New England Award.

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The McCarter & English, LLP website is for informational purposes only. We do not provide legal advice on this website. We can provide legal advice only to our clients in specific inquiries that they address to us. If you are interested in becoming a client, please contact us, but do not send any information about your specific legal question. We cannot serve as your lawyers until we establish an attorney-client relationship, which can occur only after we follow procedures within our firm and after we agree to the terms of the representation.

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