Represented a mid-Atlantic retailer, in the renegotiation of an existing lease. The developer was significantly delayed in its construction of the shopping center, preventing the client from completing its build out of its store and forcing the client into a holdover situation at its existing location. The original lease terms provided very limited recourse in connection with the landlord delay. We negotiated a revised construction schedule that provided more definitive completion requirements and robust penalties for continuing delays, in additional to certain financial concessions.
Matters
Represented a Mid-Atlantic Retailer in Lease Dispute and Related Amendment
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