Leasing Three Buildings During the COVID-19 Pandemic
We represented a real estate company in leasing out three buildings.
We negotiated the long-term lease of two existing buildings of approximately 190,000 square feet for office and R&D use, as well as a 60,000 square foot industrial building to be developed by lessor, a large international company. All properties are located in Orange County, California. The transactions involved timing issues with respect to the transition of the company from its current location, takeover of additional space in one building and build to suit shell of the third building, along with an upgrade of the overall campus.
Certain matters related to this transaction needed to be revisited following the onset of COVID-19 and were successfully modified to address financial and timing exposures of all parties.