Richard J. Traub

Partner

[email protected]

Phone: (312) 360-6605

Fax: (312) 360-6520

Simply stated, he is the best commercial real estate attorney in Chicago. He makes all the difference.

- Client

About

About

Rich Traub is a Partner and Co-Leader of the Firm's Real Estate Practice Group and is a member of the Firm's Executive Committee (currently serving as Chairman).

Rich focuses his practice on the acquisition, development, construction, leasing, financing and sale of mixed use developments, shopping centers and retail properties throughout the United States on behalf of national, regional and Chicago-based developers. Rich's services include the negotiation of acquisition and disposition agreements, review of financing documents, structuring of construction contracts, preparation of complex retail and office leases, and the formulation of covenants, restrictions and operating agreements.

Rich has substantial experience in connection with the acquisition, development, leasing and use of office and industrial properties throughout the United States.

Rich also serves as outside general counsel to corporations in connection with their myriad legal needs including intellectual property, employment, contractual matters and other day-to-day legal needs. Rich has successfully implemented a "Counsel Connect" program which strives to address a client's legal matters on a cost effective basis prior to the initiation of legal disputes.

Representative Matters

Representative Matters

Retail

  • Represent national and Chicago-based developers in connection with the acquisition, development, construction, leasing, financing and sale of shopping centers and retail properties throughout the United States.

  • Represents a publically traded REIT in connection with its redevelopment of shopping centers throughout the United States.

  • Represents several national retailers in connection with their respective leasing activities throughout the United States.

  • Represents a prominent Chicago developer in connection with the acquisition, construction, leasing and development of big-boxed anchored shopping centers in the Midwest.

  • Represents a holding company to national restaurant concepts controlling more than 100 properties throughout the Midwest.

  • Represents a world renowned university in connection with its material leasing activities in the United States.

  • Represents a national developer in connection with its development of a 300,000 square foot retail development in suburban Chicago, Illinois.

  • Represented a national developer in connection with the lease-up of approximately 350,000 square feet of retail space in a Chicago, Illinois urban lifestyle center. Served as lead counsel in negotiating anchor, national, and regional retail leases for substantial new development on Chicago’s south side.

  • Served as lead counsel in negotiating anchor, national, and regional retail leases for substantial new development on Chicago's south side.

  • Represented a restaurant operator/developer in a 24 property sale/leaseback, and simultaneously closed $20,000,000 in loans secured by the assets of entities operating 63 fast food restaurants, including Taco Bell, Kentucky Fried Chicken, T.G.I. Friday's, Blaze Pizza, Old Chicago and Long John Silver's.

  • Represents a publicly traded REIT in connection with the redevelopment of its retail properties in the Midwest.

  • Represents a New York based developer in connection with the redevelopment of a retail property in the suburbs of Chicago.

Mixed Use

  • Represents developers in connection with the development, financing, construction and leasing of mixed-use high rise projects in the Midwest. Rich advises the clients and negotiates mixed-use declarations, retail and office leases, construction and financing, joint venture agreements and plats of separation necessary for the successful development of the projects.

  • Represents an internationally renowned construction company in connection with the development of mixed-use development projects in the metropolitan Chicago area.

  • Represents a developer in connection with the refinancing and recapitalization of a 1 million square foot mixed-use development in Munster, Indiana. The project contains office, industrial, retail, medical office and manufacturing uses.

Industrial

  • Represents an international defense contractor in connection with its leasing needs in various locations throughout the United States.

  • Represents an international steel processer in connection with its real estate needs throughout the United States.

  • Represents a Fortune 100 automotive supplier in connection with its real estate and leasing activities throughout North America.

Office

  • Represents large tenants in connection with their office leasing activities.

  • Represents a prominent Chicago developer in connection with its office leasing activities in Chicago.

Other

  • Represents property owners and banks in connection with the acquisition and disposition of distressed real estate assets.

  • Represents the fee owner of a large parcel of land in Marinette, Wisconsin. The parcel is being developed into one of the largest hospitals in the Green Bay, Wisconsin metropolitan area. The unique development is essentially a reverse build-to-suit with our client responsible for the acquisition and financing of the building improvements post-construction. Our firm was the lead negotiator of sophisticated ground lease, construction, and financing documents which enabled the hospital to construct a hospital facility, be reimbursed for its construction costs, and lease the property.

  • Represented a real estate investment company as its outside counsel in connection with the acquisition and financing of net-leased real estate assets (retail, office, mixed-use, and medical office) in the United States.

  • Represented tenant-in-common investor groups in the workout of tenant-in-common investments in commercial, industrial, office and multi-family residential real estate throughout the United States.

Honors & Awards

Honors & Awards

  • The Legal 500 - Leading Individual - Real Estate and Construction for Illinois
  • Illinois Leading Lawyers - 2018 (cited in multiple years)
  • Chambers-USA Guide to America’s Leading Lawyers for Business - Recognized Practitioner, 2019

Professional Activities

Professional Activities

  • International Council of Shopping Centers (ICSC)

Speaking Engagements

  • Moderator, Chicago State of Office: Investment, Development, Design, and Leasing the Future of the Workplace," Bisnow (February 14, 2019). 

Perspectives

Perspectives

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Insights

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