Real Estate Transactions
Commercial real estate transactions in Chicago require attorneys who understand both the legal complexities and the local market dynamics. Our practice represents businesses, investors, and developers in acquisitions, dispositions, lease negotiations, and development projects across Cook County and the greater Chicagoland area.
Real Estate Transactions in Chicago
The Chicago metropolitan area is one of the nation's most active commercial real estate markets, with unique legal considerations that range from Cook County real estate transfer taxes and Chicago's zoning code to the Illinois Mechanics Lien Act and environmental remediation requirements. Our real estate practice represents businesses, investors, developers, and landlords in all aspects of commercial property transactions — from office and retail lease negotiations in the Loop and River North to industrial acquisitions along the I-90 corridor and mixed-use development projects in Chicago's rapidly growing neighborhoods.
Our attorneys understand that every real estate decision is fundamentally a business decision. We provide counsel that considers not only legal risks and contractual protections but also operational requirements, financing structures, tax implications, and long-term strategic objectives. We regularly handle transactions involving multi-tenant office buildings, retail centers, industrial warehouses, medical office facilities, and mixed-use developments. Our deep knowledge of Cook County real property tax assessment procedures, Chicago's Affordable Requirements Ordinance, TIF district incentives, and the city's evolving zoning regulations allows us to anticipate issues that out-of-market counsel routinely miss — delivering practical advantages to our clients in negotiations and due diligence.
What We Handle
Commercial Property Acquisitions & Dispositions
Representing buyers and sellers in commercial real estate purchases and sales including due diligence, purchase agreement negotiation, and closing.
Office, Retail & Industrial Lease Negotiation
Negotiating commercial lease agreements on behalf of tenants and landlords, addressing base rent, CAM charges, tenant improvements, renewal options, and exit provisions.
Real Estate Due Diligence
Comprehensive due diligence covering title review, survey analysis, environmental assessments, zoning verification, and existing lease and contract review.
Zoning & Land Use Matters
Advising on Chicago zoning code compliance, special use permits, planned development applications, and variance requests before the Chicago Zoning Board of Appeals.
Commercial Development Projects
Legal counsel for ground-up development and redevelopment projects including construction contracts, development agreements, and TIF incentive applications.
Property Tax Assessment Appeals
Representing commercial property owners in Cook County property tax assessment appeals before the Cook County Board of Review and the Illinois Property Tax Appeal Board.
Construction & Design Professional Contracts
Drafting and negotiating AIA-based and custom construction contracts, design professional agreements, and subcontractor agreements with appropriate lien waiver provisions.
Our Approach
Transaction Planning & Analysis
We assess your real estate objectives, review proposed deal terms, evaluate financing structures, and develop a transaction strategy aligned with your business goals.
Due Diligence Review
We conduct comprehensive due diligence covering title and survey, environmental Phase I reports, zoning compliance, existing leases, and other property-specific considerations.
Negotiation & Documentation
We negotiate and draft all transaction documents including purchase and sale agreements, leases, estoppel certificates, and closing documents tailored to the specific property.
Closing & Post-Closing
We manage the closing process, coordinate with title companies and lenders, resolve last-minute issues, and handle post-closing obligations including recording and transfer tax filings.
Frequently Asked Questions
Related Practice Areas
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