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REAL
ESTATE DEVELOPMENT, ACQUISITION AND SALE
The
firm's attorneys serve as lead counsel and negotiators for owners,
developers and retailers in connection with the acquisition, development
and sale of major real estate projects. The scope, diversity and
size of these projects give the firm a unique ability to provide
superior service in this area.
We
have extensive experience developing shopping centers and freestanding
retail sites. We have developed such regional shopping centers as:
- Monticello
Marketplace (a multi-owner facility anchored by Target, Ukrop’s
and T.J. Maxx) in Williamsburg, Virginia
- Broad
Creek Crossing (a 56-acre site developed under three separate
ground leases and anchored by Home Depot, Target and Food
Lion) in Norfolk, Virginia
- Libbie
Place (Target, Barnes & Noble and PetsMart) in Richmond, Virginia
- North
Pointe Shopping Center (Home Depot, Kroger, Bed, Bath & Beyond
and PetsMart) in Durham, North Carolina
We
have also been extensively involved in the revitalization of JANAF
Shopping Center, a centrally located strip “power center”
in Norfolk, negotiating leases for over 400,000 square feet of anchor
tenant space and numerous additional leases with national and regional
tenants. We are very familiar with issues relating to multi-owner
integrated real estate developments and issues related to cross-easement
and similar agreements. We have represented both developers and
retailers in negotiating and structuring their real estate projects,
including Norfolk-based developer, S.L. Nusbaum Realty Co., and
Colonial Foods (a Pizza Hut franchisee with over 100 locations).
In addition to retail development, our Real Estate Group is involved
in a number of other areas, including acquisition and development
of office buildings and office parks and the acquisition of sites
for manufacturing, office and warehouse facilities by companies
relocating to the Hampton Roads region. We are regional counsel
to Liberty Property Trust (a publicly-traded REIT specializing in
Class A suburban office and industrial/warehouse product) and represent
corporate/commercial enterprises in their real estate matters including:
-
Major regional health care provider
- Fortune
500 transportation company
- National
media company
- Publicly-traded
supermarket chain
We
have also assisted in several large acquisitions for manufacturers
over the years that involved:
- Mercedes-Benz
- Volvo
Cars of North America
- Volvo
Penta
- Kettler
International
- Stihl
Incorporated
- Kransco
Corporation
Our
service as counsel to Volvo Cars included the development and sale
of over 500 acres of prime commercial real estate in the Greenbrier
section of Chesapeake, Virginia. We assisted Volvo in drafting and
negotiating the contract for the construction of public streets
and utilities and advised Volvo on various development issues, including
wetlands and other environmental laws and subdivision, zoning and
other local development approvals.
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