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Paul M. Schmidt Assists Client With the Lease and Sale of a Large Contaminated Shopping Center

May 27, 2015

Paul M. Schmidt assisted one of the largest owners of commercial and industrial property in the United States, as it subdivided a large shopping center and leased and sold portions to national big box and retail companies.  Mr. Schmidt crafted a strategy to ensure that extensive environmental requirements were satisfied in time to meet the closing deadline.  He shaped necessary environmental restrictions to minimize impacted parcels, identified affected recent and historic property interest, and negotiated the necessary environmental covenants and subordination agreements with the government agency and with existing and future property interest holders.  When the client altered its development plans near closing, Mr. Schmidt quickly obtained regulatory approval of a revised strategy and re-negotiated document language, enabling the client to close on time and without complications.


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