A company’s real estate assets usually don’t comprise its core business. However, those real estate assets constitute a significant financial investment for the company. A company’s failure to pull together the right mix of corporate real estate facilities can hold it back from achieving its business goals, distract company personnel from operational responsibilities, and cost it money.
In addition to our general Commercial Real Estate practice and counsel in Corporate and Business Matters, Banas and Associates provides highly-focused legal services to help companies acquire, construct or dispose of the corporate real estate assets supporting their business – like their office spaces, retail stores, R&D facilities and warehouses. Based in Birmingham, Michigan, our attorneys have closed real estate deals throughout the U.S., Canada, Mexico and Europe.
Our range of services is flexible, and tailored to meet a company’s needs. We can oversee an entire real estate transaction, or help a company’s facilities group or in house attorneys deal with a specific issue - such as negotiating a lease for new space, obtaining a local land use approval, or documenting a reciprocal easement with an adjacent property owner.
Successfully closing today’s corporate real estate transaction involves satisfying the objectives of all the diverse participants in the deal. Besides corporate real estate users, Banas and Associates has represented landowners, developers, landlords, tenants and lenders. This experience allows us to anticipate issues at each stage of a real estate transaction. It also enables us to develop creative solutions to help bridge the gap between our corporate clients and other parties, ultimately helping our corporate clients achieve better results.
Land Acquisition and Development – Purchase of vacant land for development of organization’s new campus; resolution of environmental and site condominium issues, release of property from TIF district mortgage, negotiation of easements with adjacent landowner, and development agreement with municipality.
Major Office Lease – Lease of 100,000 square foot office premises for health care tenant; resolution of issues relating to building owner’s mortgage loan default and subsequent foreclosure.
Recycling Plant – Purchase of obsolete manufacturing facility; regulatory approvals for operation of plant from Wayne County and MDEQ; construction of new LEED-certified dual stream recycling facility.
Bankruptcy Sales of Retail and Warehouse Properties – Sale/lease assignment of retail store and distribution properties across U.S. in connection with retailer’s Chapter 11 bankruptcy proceedings.
We welcome you to contact Banas and Associates to discuss how we may be of service.