-Represented developer in build-to-suit, net-leased, adaptive reuse of a portion of Manchester, New Hampshire's historic mill yard, which is now a burgeoning education and tech hub. The project entailed developing a 1,700-space parking garage on a former surface parking lot and re-purposing the adjacent, multi-tenant historic mill building into administrative offices for Southern New Hampshire University. Associated transactions included closing an $8mm purchase of the land and mill building, negotiating and documenting two separate, bondable net leases for the garage and mill building respectively, closing a $60mm construction loan from an institutional credit-tenant lender, and creating an air rights parcel for the garage, all in time for construction starts at the beginning of the spring thaw, resulting in an optimally efficient construction timeline. 

-Currently representing developer in a public-private partnership with the City of Kannapolis, North Carolina for multi-phased, mixed use and adaptive reuse development in the city's historic mill downtown, where the site of the former Canon Mills textile manufacturing center is now a growing health education and tech hub. This representation includes representing developer in negotiating the development agreement, purchase of the various parcels of land from city, negotiating and documenting all commercial leases, and  negotiating and documenting various financing vehicles over the various project components, including a $58mm opportunity zone equity vehicle/joint venture with a global investment banking firm. 

-Currently representing developer in two similar, public-private downtown redevelopment projects in the Charlotte MSA, including adaptive reuse of historic mill utilizing historic tax credit financing.  

 

-Represented purchaser, Broward County-based Vital Pharmaceuticals, Inc., emergent beverage company and maker of Bang Energy Drinks in its purchase of multi-phase, Class A industrial development in Broward County, Florida totaling $110mm.  

 

-Ongoing representation of several clients with single tenant net lease portfolios involving various types of credit-rated tenants, usually traded in 1031 exchange transactions

-Represented equity real estate investor in its side of the acquisition, ownership and development entity for several diverse assets, including a boutique office building in a Florida urban core, a net-leased, mission critical aerospace facility in Alabama and a three-state portfolio of development sites for a growing experiential retail concept. 

 

     

Melville Law, P.A.

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Fort Lauderdale, Florida 33301

(954) 737-3568 

drew@melville.law

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