Thompson LLP Represents Client in Securing $6.6M in Financing for Upstate Development Site

Daniel Seidenstein, Commercial Real Estate partner at Thompson LLP, represented a home improvement retailer in securing more than $6 million in funds for a distribution center project in Herkimer County, New York. Daniel negotiated deal terms for a triple net lease and leveraged economic development incentives, which benefit his client, the end user—a large home improvement retailer—and the county.

“We are extremely pleased with this outcome,” Daniel said. “It can be more challenging to acquire property in smaller metropolitan areas, but this is a strong deal that will generate strong returns for all parties involved, including the local residents.”

In negotiating this deal, Daniel leveraged his decade of experience handling complex commercial real estate transactions. Daniel’s work involves the sale, purchase, and leasing of commercial properties. He has represented clients on transactions involving major office spaces, retail stores and billboard space. He has specific know-how in utilizing a multitude of commercial instruments to secure financing, including security agreements, mortgages, and promissory notes.