Stroock attorneys represent all segments of the retail industry, including developers, owners, landlords, tenants and investors. We have advised clients in the legal and regulatory aspects of structuring, zoning development, acquisition, financing and disposition of retail projects. Our Real Estate attorneys have extensive experience representing landlord and tenants in the negotiation of retail leases, and when there is a downturn in the industry, our Financial Restructuring group has been at the center of several major Chapter 11 cases. Stroock’s litigators have represented companies on retail matters, ranging from landlord tenant disputes, to enforcing and protecting intellectual property rights in licensing disputes.
Our representations have included:
- NRDC in its $1.2 billion acquisition of Lord & Taylor;
- The Children’s Place in its acquisition of The Disney Store chain of retail stores;
Real Estate Investment Trusts (REITs) involved in outlet shopping centers and retail malls, including:
- Chelsea Property Group in all of its retail acquisitions transactions, as well as its $5 billion merger with Simon Property Group;
- Somera Capital Management in all of its retail acquisitions nationwide; and
- Cedar Shopping Centers in asset acquisitions.
Major Chapter 11 and workout representations, including:
- Apparel Retail Corp. (“ABC Retail”) (Debtor);
- Barney’s (Official Committee);
- Big V Supermarkets (Ad Hoc Committee of Noteholders);
- Federated Department Stores (Official Committee);
- Levitz Furniture (Official Committee);
- Newmark & Lewis (Debtor); and
- Planet Hollywood International (Debtor).
Major commercial leasing deals involving retail space, including landlord representations for:
- Mutual of America Life Insurance Company, in its leasing program of retail space at its 320 Park Avenue headquarters.
- United Federation of Teachers, in the lease to Amalgamated Bank of retail space at 52 Broadway, for use as the Bank’s new flagship location.
- Bear Stearns, in the leasing of retail space at its headquarters building, 383 Madison Avenue, to Charles Thyrwitt and AT&T Wireless.
- Scholastic, in the leasing of retail space at the Scholastic headquarters building, 555/557 Broadway, to Sephora and Benetton.