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Leasing

Thompson & Knight’s real estate attorneys have expertise in all aspects of leasing, including drafting and negotiating leases, including build-to-suit leases, sale-leasebacks, lease assignments, lease amendments, subleases and lease termination agreements, researching zoning, and other local requirements, evaluating tax ramifications, and, if necessary, mediating and litigating leasing disputes.

Overview

Thompson & Knight’s real estate attorneys have expertise in all aspects of leasing, including drafting and negotiating leases, including build-to-suit leases, sale-leasebacks, lease assignments, lease amendments, subleases and lease termination agreements, researching zoning, and other local requirements, evaluating tax ramifications, and, if necessary, mediating and litigating leasing disputes. They skillfully negotiate lease terms, paying special attention to key provisions such as build-out duties, payment of construction allowances, renewal options, expansion options, operating expenses, co-tenancy clauses, use clauses, insurance and indemnity provisions, rights of assignment and subletting, lease disposition strategies, and rights and remedies upon default.

For more than 100 years, our attorneys have represented both landlords and tenants in a wide array of leasing transactions. They have performed commercial leasing work for major clients across the country, including major office, industrial, and retail clients. Their leasing work has involved:

  • Commercial Offices
  • Ground Leases
  • Industrial Property
  • Lifestyle Centers
  • Medical Facilities
  • Mixed-Use Properties
  • Restaurants
  • Retail
  • Self-Storage Properties
  • Traditional Shopping Centers

Thompson & Knight’s attorneys counsel and represent landlord clients in addressing and resolving issues such as complicated retail use provisions, telecommunications licensing, electricity service contracts, vendor service contracts, tax protests, property management contracts, commission agreements, listing agreements, lien subordination agreements, rooftop licenses, AIA construction and architect contracts, assignment and subletting arrangements, parking agreements, and other similar matters that are of special concern to commercial landlords.

Ranked among the top six firms in Texas for Real Estate in Chambers USA 2019 by Chambers and Partners

100+

More than 100 years representing landlords and tenants in a wide array of leasing transactions

Ranked among the top firms in the nation in both Real Estate and Construction in The Legal 500 US 2018 by Legalease

Experience

  • Represented a landlord in connection with a 310,000 rentable-square-foot 15-year office lease for a new office building in Austin, Texas
  • Represented a tenant in the negotiation of a 207,000-square-foot office lease
  • Represented a major retail shopping center owner in connection with the leasing and operation of a shopping center (including construction, shopping center expansion, and litigation issues)
  • Represented a major clothing retailer in high-profile lease negotiations, including negotiation of leases at the Dallas Galleria and NorthPark Center malls
  • Represented an international service firm regarding the lease of its 170,000-square-foot headquarters
  • Represented a landowner regarding a 99-year ground lease to a public university for use as an academic medical center in a mixed-use urban development
  • Represented a Fortune 500 company regarding the sublease of a 500,000-square-foot corporate campus facility; one transaction in this representation was named the “Office Deal of the Year” by the Austin Business Journal
  • Represented a landowner in the acquisition, development, lease, and sublease of real property concerning a 500,000-square-foot corporate campus facility
  • Represented a public biotech company concerning a 100,000-square-foot corporate campus facility
  • Represented a large publicly traded REIT with office leasing in Texas