Representing a privately held commercial real estate investment and development firm, we negotiated various agreements to design and construct an over 200,000 sq ft industrial building. These included an Owner-Architect Agreement and an $11 million Owner-Contractor guaranteed maximum price (GMP) agreement with the general contractor. The project, on an approximately 20-acre site, included the development of a building with over 40 loading docks. We worked closely with our real estate developer client to ensure that the design and construction agreements aligned with the requirements of its investors, lenders, and equity partners. Our client successfully exited the project, leasing the building to a single tenant and selling it upon substantial completion.
