Members of the SLS trial group have tried in excess of 50 jury trials and 75 bench trials?
Solid Agreements Can Ease Complex Historic Site Sales
Our client was a large DC based non-profit looking for a building containing approximately 75,000 square feet to become its national headquarters. The client was not interested in a cookie cutter downtown office building but was instead interested in an iconic building that would serve as its headquarters for decades to come. Our client purchased the National Trust for Historic Preservation building, which is one of the most historically significant buildings located in Washington, DC. The negotiation of the purchase and sale agreement took many months and required a very delicate negotiating strategy given the tens of millions of dollars our client would invest in the renovation of the property (in addition to the almost $40,000,000 it paid for the property) and the seller’s requirement that certain binding obligations on the purchaser be implemented at closing designed to preserve the unique historic features of the building in perpetuity. These obligations were reflected in a very complicated preservation easement that was executed at closing and addressed each party’s concerns. As a result of careful and thoughtful negotiations that required a delicate balancing act in order to satisfy the needs of the parties and the historic preservation community in general, our client got the historic building it desired.