Rethinking Lease Redevelopment Clauses

ACREL Annual Meeting

On Saturday, October 22, 2022, Lewis Rice member Mark D. Eisemann, Pamela Westhoff of Sheppard, Mullin, Richtner & Hampton, Sean Dennison or CenterCal Properties, and Kathleen Dempsey Boyle of Eversheds Sutherland (US), presented at the ACREL Annual Meeting in Chicago. The session, titled “Just an Old Fashioned Love Song? Rethinking Common and Highly Negotiated Lease Provisions,” addressed how the COVID-19 pandemic created an historical shift in the real estate landscape. Sudden closures of office buildings and retail stores required leasing lawyers to take a fresh look at longstanding lease language, winnowing and sifting through perhaps stagnant provisions to attempt to apply the language to new realities. Mark’s section delved deeper into redevelopment issues, encouraging real estate professionals to think about and embrace accelerating change by building in flexibility in leases and addressing exit strategies upfront.

To read Mark Eisemann’s section on Rethinking Lease Redevelopment Clauses, click under “Resources” below.

Mark Eisemann is Vice-Chair of the Real Estate Department of Lewis Rice LLC in Kansas City. His practice encompasses all aspects of real estate development, with an emphasis in theatre and retail leasing. Mark is familiar with the competing interests of landlords, tenants and lenders, including in mixed use developments and redevelopment projects. He understands that balancing these competing interests requires creative solutions to fact-specific circumstances.