LCOR establishes ground lease and Co-Tenancy Agreement for Maryland residential and retail development
Clients LCOR Incorporated
Jones Day represented LCOR Incorporated in ground leasing of the first phase (residential and retail) of the development of the North Bethesda Center multi-use project in Bethesda, Maryland. This included negotiating the ground lease with WMATA and coordinating between LCOR, the construction lender, and counsel for other aspects of the project. Also, because there are two LCOR affiliates sharing the ground lease because of subdivision issues, a Co-Tenancy Agreement was created.