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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 program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Tuesday, March 26, 2024

Recorded event now available

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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.

Description

One of the hottest trends in the hospitality industry is the food hall. The number of food halls in the United States has increased exponentially in recent years and the trend is likely to continue. Unlike the traditional shopping center food court, the food hall is typically an entertainment complex combining fine dining, bar atmospheres, and live entertainment forums in one location.

Food halls bring unique legal challenges, including artful drafting of leases, supporting documents, and operational rules that differ for each food hall facility.

Similarly, entertainment uses present additional and varied legal considerations relative to typical retail tenants. Theaters today are often accompanied by the sale of prepared food and alcohol. Other entertainment uses have entered the scene, including indoor skydiving, golfing, escape experiences, and even axe-throwing.

Entertainment uses present unique challenges to the landlord and the tenant to achieve the balance between allowing the tenant to operate its business while offering protection to the landlord to ensure the entertainment use does not interfere with the project's operations. Parking, exclusive uses, prohibited uses, signage, visibility, access, noise, and security are just some of many items that play a role in lease negotiations between a landlord and prospective entertainment tenant.

Listen as our panel of experts in real property transactions provides practical guidance on how to best address the issues and balance the interests of each party involved.

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Outline

  1. Introduction
  2. Food halls
    1. Structuring the deal
    2. Design, layout, and construction
    3. Permitting considerations (i.e., alcohol permitting)
    4. Use and exclusive use clauses in a food hall environment
    5. Miscellaneous
    6. Replacing underperforming or poorly operated food stalls
    7. Structuring of tenant reimbursements
    8. Management of food hall tenants and patrons
  3. Entertainment uses
    1. Access and visibility
    2. Parking
    3. Construction and noise
    4. Percentage rent
    5. Co-tenancy
    6. Permitted uses
    7. Continuous operation
    8. Protected uses
    9. Prohibited uses
    10. Security
    11. Signage
  4. 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?
  • What are the risks associated with such unique arrangements?
  • What are solutions to conflicts with REAs, covenants, and existing leases?

Faculty

Bouskila, Mayan
Mayan Bouskila

Attorney + Founder
-

Ms. Bouskila is the founder of a New York City-based boutique law firm focusing on servicing the hospitality and...  |  Read More

Dennison, Sean
Sean Dennison

President & Chief Operating Officer
Elevated Property Company

Mr. Dennison is the President and Chief Operating Officer of Elevated Property Company, LLC, a mixed-use developer...  |  Read More

Patel, Nayan
Nayan Patel

Associate General Counsel
CenterCal Properties

Ms. Patel is the Associate General Counsel of CenterCal Properties, LLC, a mixed-use developer based in El Segundo,...  |  Read More

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