Ted M. Benn

Ted M. Benn

  • 214.969.1423
    214.880.3260
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Partner

  • Thompson & Knight LLP
    One Arts Plaza
    1722 Routh Street, Suite 1500
    Dallas, TX 75201 USA
    214.969.1423
    214.880.3260
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Ted Benn is a partner at Thompson & Knight LLP and a member of their Real Estate and Banking practice. He counsels clients on a wide variety of real estate, corporate, and general business matters, including mergers, stock and asset acquisitions and divestitures, partnerships and joint ventures, debt and equity financings, lease transactions, management and consulting arrangements, and real estate developments. He has significant experience in the hospitality, golf and private club, multi-family property, real estate development, and wind energy industries. Much of his current time is spent assisting clients with investments in wind energy and other renewable resources.

Ted is a member of the American and Dallas Bar Associations and was named as one of the Texas Super Lawyers® by Thomson Reuters in 2010-2015. Ted was also named as one of The Best Lawyers in America® by Woodward/White Inc. in 2012-2016.

Ted attended Mankato State University for his undergraduate studies and earned his J.D. at Baylor Law School, where he was the lead articles editor for the Baylor Law Review.

Experience

  • Represented a national developer with its recent $49 million acquisition of 281 acres of land off of Highway 114 in Southlake, Texas; the property is to be used for the development of class A office space, retail, restaurants, a hotel, and high-end single family residential housing, and will assist in all aspects of the development and sale of the land

  • Negotiated and documented joint ventures with Mexican nationals for development of golf courses in Cozumel and Puerto Vallarta, Mexico

  • Represented client in stock exchange transaction with publicly-traded company

  • Negotiated and documented venture capital financings for several startup companies

  • Assisted client in $393 million stock purchase transaction resulting in acquisition of 45 golf courses

  • Negotiated all leasing transactions for landlord of Class A+ Las Colinas office property

  • Negotiated and documented lease agreement and investor financings for private club in Warsaw, Poland

  • Represented conduit lender in various real estate loan transactions

  • Responsible for the negotiations, document preparation, and closing of over $85 million in private country club acquisitions in various states

  • Responsible for oversight and management of all company non-insurance defense litigation, including the selection and management of outside counsel, the formulation strategy, and the tracking of litigation costs

  • Handled negotiation, document preparation, and closing of several member-owned country club long-term acquisitions

  • Represented company in various lease negotiations for city and club facilities

  • Developed and drafted extensive library of forms for use in new business transactions, including city club and country club lease forms, a variety of special letter-of-intent forms, a form of purchase and sale agreement, and athletic club management agreement forms

  • Responsible for oversight of outside counsel in numerous real estate development, leasing, and acquisition transactions

  • Provided daily legal advice to company clubs and personnel on a variety of employment, corporate, litigation, and real estate matters

  • Prepared and negotiated various real estate development agreements

  • Responsible for the negotiation and preparation of documents in several joint ventures for country club and real estate acquisitions

  • Involved in the negotiation, document preparation, and closing of numerous commercial real estate sales and acquisitions of improved and unimproved properties

  • Orchestrated transaction for exchange company client in multiple party transaction involving exchange of hotel for a commodity

  • Handled various out-of-state restaurant site acquisitions for restaurant franchise

  • Coordinated transfer of over 40 properties in connection with sale of assets of a cable TV company

  • Represented lender client in several complicated off balance sheet lease/loan financing transactions

  • Represented numerous landlord and tenant clients in retail, office, industrial, and ground lease transactions

  • Prepared and negotiated architects' agreements and construction contracts in connection with commercial development and construction projects

  • Represented lender and borrower clients in permanent financings secured by real property

  • Represented a developer in connection with three fast track build-to-suit call centers in three different states totaling in excess of 500,000 square feet, involving (in a span of 10 months) the site acquisition, financing, construction, leasing, and sale of these sites

  • Negotiated lease for relocation of corporate headquarters for a Dallas-based company including exclusive building signage rights

  • Represented a hospitality company in lease restructures for city clubs in the Philippines and Ecuador

  • Represented a hospitality company in contentious lease workout for a city club in Luxembourg

  • Represented a developer in the restructure of multiple retail leases in connection with the revitalization of a shopping center in Forest Park, Ohio involving the sale of a portion of the center to a major retailer for the demolition of existing buildings and construction of a "big box" retail store

  • Represented an affiliate of a large foreign bank in the workout of substantial lease obligations for a shipping facility in Corpus Christi, Texas

  • Has served as lead counsel or local counsel for clients with regard to land acquisition and development rights for in excess of 1,500 megawatts of wind energy projects in Texas, Oklahoma, Kansas, Wyoming , Utah and Oregon

  • Served as Texas counsel for seller in connection with the $147 million sale of 198 convenience stores through the use of unique Texas divisive merger statue; transaction involved migrating the sale from Delaware to Texas by way of a merger and them completing a second merger, which resulted in the creation of a newly formed Texas corporation subsidiary; the 198 convenience stores were allocated to the subsidiary corporation as permitted by the Texas merger statute, and immediately upon completion of the divisive merger the stock of the subsidiary was conveyed to the buyer

  • Designed and documented the membership offerings for Kinloch Golf Club in Richmond, Virginia, a high-end private equity golf club named "Best New Course in America" for 2001 by Golf Digest

  • Represented Evergreen Alliance Golf Limited, L.P., a golf course operator, in connection with its acquisition, management, and operation of golf courses throughout the U.S.

Prior Experience

  • Associate Counsel, Clubcorp Inc., 1993-1997

Distinctions/Honors

  • The Best Lawyers in America® by Woodward/White Inc. (Real Estate Law); 2012-2019

  • Texas Super Lawyers® by Thomson Reuters (Real Estate); 2010-2018

  • Who's Who Legal: Energy by Law Business Research Limited; 2014-2016

Activities (Memberships/Affiliations)

  • Member, American Bar Association

  • Member, Dallas Bar Association

  • Chairman and Treasurer, DOWNTOWNDALLAS

  • Member, National Association of Office and Industrial Properties

  • Member, Real Estate Council

  • Member, American Wind Energy Association

  • Chairman, National Club Association