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Developing the Vacant Corner into the Neighborhood Retail Center: From Acquisition to Zoning

Sections Available

Case Study

Phase One: Locating the Parcel

Phase Two: Negotiating the Purchase and Sale Agreement

Phase Three: Obtaining Site Plan Approval

Phase Four: Obtaining Financing

Phase Five: Leasing the Retail Center
Presented at 2000-2001 Homeward Bound Series: Developing the Vacant Corner into the Neighborhood Retail Center: From Acquisition to Zoning, November 9, 2000

Brian P. Henry
Freeman, Cotton & Norris, P.C.

Ronald E. Reynolds
Berry & Reynolds, P.C.

Thomas A. Wardlow
K Mart Corporation


Phase One: Locating the Parcel

Thomas A. Wardlow
K Mart Corporation

Table of Contents

Phase One: Locating the Parcel (View PDF)


Phase Two: Negotiating the Purchase and Sale Agreement

Brian P. Henry
Freeman, Cotton & Norris, P.C.

Table of Contents

Phase Two: Negotiating the Purchase and Sale Agreement (View PDF)


Phase Three: Obtaining Site Plan Approval

Ronald E. Reynolds
Berry & Reynolds, P.C.

Table of Contents

Phase Three: Obtaining Site Plan Approval (View PDF)

Exhibits

Exhibit A: Site Plan (View PDF)

Exhibit B: Key Terms Used in Planning (View PDF)

Exhibit C: City & Village Zoning: A Basic Guide For Citizens and Local Officials (View PDF)



Phase Four: Obtaining Financing

Brian P. Henry
Freeman, Cotton & Norris, P.C.

Table of Contents

Phase Four: Obtaining Financing (View PDF)

Appendices

Appendix A: Sample Loan Commitment (View PDF)

Appendix B: Subordination, Nondisturbance and Attornment Agreement (View PDF)

Appendix C: Holdback Agreement (View PDF)

Appendix D: Escrow Letter to Title Company (View PDF)

Appendix E: Borrower's Resolution (View PDF)



Phase Five: Leasing the Retail Center

Brian P. Henry
Freeman, Cotton & Norris, P.C.

Table of Contents

Phase Five: Leasing the Retail Center (View PDF)

Appendices

Appendix A: Landlord Form Lease Agreement (View PDF)

Appendix B: Sample Provisions (View PDF)