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Leasing

Our group's robust and diverse leasing practice has developed over decades of service to our clients. We represent landlords and tenants in every type of leasing transaction, including ground leases, office or space leases ranging from major corporate headquarters to relatively small leases, and sale-leasebacks and other structured transactions involving leases.

Our work extends beyond the lease documentation to related architectural and construction documentation, including contract documentation for the purchase and maintenance of sophisticated communications and software systems, governmental incentive programs, moving contracts, and the other agreements often ancillary to a corporate relocation. We have also represented clients on their regional and nationwide leasing programs, providing standard form documentation as well as complete coordination of the legal side of the leasing process.

Shearman & Sterling's leasing representations include:

  • New York State Urban Development Corporation in connection with the redevelopment of Times Square and 42nd Street in New York City
  • Credit Suisse First Boston with respect to the leasing and redevelopment of its national headquarters at 11 Madison Avenue in New York City
  • Headquarters leasing for other such major institutions as Citibank N.A., Cushman & Wakefield, Inc., Sony, Viacom International, Inc., and Westdeutsche Landesbank
  • Solow Building Company in its leasing activities at 9 West 57th Street in New York City
  • TrizecHahn in connection with leases at One New York Plaza in New York City
  • Linde AG in its tenancy at One Warren Place in Tulsa

Through the firm's pro bono activities, we have also advised on leasing issues for non-profit organizations including religious groups, charitable foundations, and medical research funds, as well as on issues arising from the events of September 11, 2001.

Because our practice also involves a large number of financings, sales and acquisitions, we constantly update our information regarding the sensitivities of both lenders and purchasers to particular lease terms, and apply this knowledge to benefit our leasing clients.

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