Professional Biography
  • Chicago

    D +1.312.324.8614

    F +1.312.324.9614

    Chicago

    110 North Wacker Drive, 34th Floor

    Chicago, IL 60606

    +1.312.324.8614

    MSherman@perkinscoie.com

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Overview

Experience

Represented Les Schwab Tire Centers

Represented Les Schwab Tire Centers, a 68-year-old family-owned business and leading tire retailer and service center operator, in its sale to Meritage Group.

Sale / Leaseback of Restaurants for National Restaurant Chain

Represented a national restaurant chain in the sale/leaseback of 150 Chili’s restaurants in 22 states with a combined portfolio value of more than $550 million. Representation included the negotiation of purchase and sale agreements and leases with the three different purchasers, transfer tax analysis in each applicable jurisdiction, and the preparation of all closing documents.

Childcare Centers

Represented our client, the tenant, in the master lease of approximately 550 locations. This required negotiating unique provisions to satisfy the requirements of the lender and master landlord, both of whom wanted the master lease to be "fully bondable," while allowing our client the flexibility to operate its business.

Disposition of Surplus Real Estate

Represented client in the disposition of 13 department stores, totaling approximately $147 million, which also involved a sale/leaseback transaction.

Sale of Commercial Property by Real Estate Finance and Investment Management Company

Represented a leading commercial real estate finance and investment management company in a highly confidential deal involving sale of key properties under an exclusive sale agreement.

CMBS Special Servicers

Represented commercial mortgage-backed securities (CMBS) special servicers in the management, leasing, and disposition of retail real estate owned (REO) properties throughout the United States.

Bankruptcy Sale of a Luxury Hotel

Represented a bidder in the bankruptcy sale of a luxury hotel in downtown Boston. The hotel was part of a mixed-use development involving hotel, office, retail, residential and convention center elements. As such, there were multiple owners of high-rise buildings subject to numerous reciprocal easement and other agreements governing the operation of the site. This matter required the analysis of complex underlying title documents, surveys and other relevant matters and preparation of a purchase and sale agreement that was both competitive, given the nature of the auction, and protected our client, all in less than two weeks.

Major Department Store Asset Disposition

Represented a consortium of investors in a major retail department store in their negotiations and disposition of assets with the country's second-largest shopping center owner.

Institutional and High-Volume Real Estate and Leasing Transactions

Supervised a commercial real estate services and leasing group in providing real estate services to institutional owners with high volume transaction needs. Implemented intranet system to facilitate transaction processing, due diligence, document management, and tracking.

Grocery Store Portfolio Purchase

Represented Albertson's LLC in the purchase of substantially all of Raley's Grocery Stores' assets in New Mexico, including all 10 of its New Mexico retail stores, and the sale of an Albertson's location in Sonora, California to Raley's.

Chicago Retail Leasing

Represented landlords in retail leasing to national tenants on Michigan Avenue in Chicago, IL.

Counsel to Woodbridge Foam Corporation

Represented Woodbridge Foam Corporation, a Canadian automotive industry manufacturer that is a multibillion-dollar privately held corporation, in its disposition of an industrial portfolio and a sale-leaseback transaction involving 11 major facilities through the Midwest and South.

Development

Represented owners of recreational, industrial, and residential multi-use developments, including restrictive covenants and owner association matters.

Grocery Chain Disposition

Represented a consortium of investors in the disposition of a chain of grocery stores in the Chicagoland area.

Grocery Chain Representation

Represented a grocery chain in their acquisition and disposition of real estate assets.

Headquarters Build-To-Suit

Represented a national manufacturer of microscopes in their build-to-suit national headquarters facility.

Multi-family Project and Office Building Acquisitions

Represented tenant-in-common purchasers in the acquisition, exchange, and financing of a multi-family project in Lacey, Washington and an office building in Redmond, Washington.

Retail Property Portfolio Dispositions

Represented a real estate investor in the sale of leased and owned properties throughout the United States acquired from national retailers desiring to dispose of excess real estate holdings no longer needed for their operations.

Verris Capital Acquisition

Represented Verris Capital in connection with its acquisition of Marlboro Square Shopping Center in Upper Marlboro, Maryland.

Verris Capital Acquisition

Represented Verris Capital, in partnership with Lamont Street Partners, in connection with its acquisition of The Shoppes at Meadow Creek in Westminster, Maryland.

Dolce North Maple Inn/Basking Ridge

Represented a private fund in the acquisition and financing of this hotel in Bernards Township, New Jersey.

Four Seasons, Washington, D.C.

Represented Strategic Hotels and Resorts in the acquisition of the Washington, D.C., Four Seasons.

The Fairmont, San Jose, CA

Represented a private fund in the acquisition of the San Jose Fairmont Hotel.

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