Food Hall and Entertainment Use Leasing: Practical Considerations, Key Provisions for Landlords and Tenants
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE course will explore the unique issues facing landlords and tenants negotiating leases for food halls and entertainment uses--from motion picture theaters to concert venues to sports arenas. Our panel will advise on how best to draft basic lease provisions, construction issues, percentage rent, co-tenancy, maintenance, and other vital issues, as well as provide guidance on addressing the risks associated with such arrangements.
Outline
- Introduction
- Food halls
- Structuring the deal
- Design, layout, and construction
- Permitting considerations (i.e., alcohol permitting)
- Use and exclusive use clauses in a food hall environment
- Miscellaneous
- Replacing underperforming or poorly operated food stalls
- Structuring of tenant reimbursements
- Management of food hall tenants and patrons
- Entertainment uses
- Access and visibility
- Parking
- Construction and noise
- Percentage rent
- Co-tenancy
- Permitted uses
- Continuous operation
- Protected uses
- Prohibited uses
- Security
- Signage
- Practical considerations and best practices
Benefits
The panel will review these and other critical issues:
- What are the practical considerations of entering into food hall or entertainment use leases?
- How has COVID-19 affected food halls and entertainment use leases?
- What are the risks associated with such unique arrangements?
- What are solutions to conflicts with REAs, covenants, and existing leases?
Faculty
Mayan Bouskila
Partner, Chair, Real Estate Group
Helbraun Levey
Ms. Bouskila is the Chair of the Real Estate Group of Helbraun Levey. She has deep legal and business acumen and... | Read More
Ms. Bouskila is the Chair of the Real Estate Group of Helbraun Levey. She has deep legal and business acumen and is known for her strategic solutioning skills while advising clients. Her practice focuses on commercial leasing, restructuring deals, joint ventures, acquisitions, dispositions, equity purchase agreements, management agreements, and due diligence. Before joining the firm, she practiced law in Sydney, Australia, at leading international law firms, where she managed and executed complex real estate capital transactions, including acquisition and disposal of commercial office buildings, industrial estates, retail centers, infrastructure, and corporate deals, primarily for national and international listed property trusts, real estate funds, private equity groups, investment banks, international investors, high net worth family offices and major property developers.
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Sean Dennison
Senior Vice President and General Counsel
CenterCal Properties
Mr. Dennison is responsible for structuring, negotiating and closing acquisitions, dispositions, property-secured... | Read More
Mr. Dennison is responsible for structuring, negotiating and closing acquisitions, dispositions, property-secured financings and leasing transactions for CenterCal’s portfolio. He is also responsible for dispute resolution and the management of CenterCal’s trademark assets. Significant accomplishments at CenterCal include (1) the acquisition, development, construction, financing and leasing of the Village at Totem Lake, a major mixed-use project located in Kirkland, Wash. involving multiple condominium associations and public-private elements; (2) the joint venture, acquisition and financing of 2nd & PCH, a newly-constructed retail center in Long Beach, Calif.; and (3) the acquisition, development, construction, financing and leasing of Mountain View Village, an approximately 90-acre master-planned project comprised of 3 integrated phases, each with a different product type and financing structure. Mr. Dennison is active as an annual speaker in ICSC and is a Fellow of the American College of Real Estate Lawyers.
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