When you are starting a new business, or moving your business to a new location because you are expanding, it’s critically important to get the right location, and have a favorable lease agreement with your landlord.
I have been negotiating commercial leases , construction loans, brokerage agreements and commercial development work for over 25 years. In that time, I have worked on restaurant leases, storefronts in strip malls and shopping centers, and agreements for everything from anchor tenants to kiosks and out parcel development.
I have worked on Payment in Lieu of Taxes (“PILOT”) economic development agreements, where, if you are a developer, you use your property taxes for the site to help pay for development costs that benefit the community – usually this consists of highway improvements, turn signals, storm drainage and things of this nature. By re-allocating tax dollars for these expenses, you can greatly decrease your overall costs of site development.
From the tenant perspective, I have negotiated leases for one of the largest shopping center developers in the Northeast and learned all the tricks and traps to avoid, in order to get lease terms to give you the best chance for success, while containing your overall risk, if your business doesn’t perform as well as you hope.
If I can be of assistance to you with your commercial real estate matter, please feel free to call me at (315) 877-1741, or send me a message on the Contact page at the link above. Thank you, and good luck with your business.