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Practice Areas Banking and Financial Institutions
Corporate & Securities
Paul Kelley advises real estate development clients on the acquisition, development, and sale of commercial real estate projects. He has a broad range of real estate experience that includes structuring, negotiating and documenting multi-party development agreements, long-term land leases, purchase and sale agreements, easements, and lease-option agreements.
Paul also has extensive experience representing financial institutions and corporate borrowers in secured lending transactions on a variety of projects including residential subdivisions, office parks, shopping centers, strip malls, and golf courses.
JD, 1986, John Marshall Law School, with high distinction
BA, 1983, Carthage College, Business Administration and Marketing, summa cum laude
PROFESSIONAL AND CIVIC AFFILIATIONSInternational Association of Attorneys and Executives in Corporate Real Estate
Represented the seller in connection with the $121 million sale of the EnV Chicago, a luxury, boutique residential rental apartment tower in Chicago, Illinois.
Represented J.P. Morgan Asset Management in connection with its $182 million acquisition of a majority stake in the apartment, parking and retail components of the 82-story Aqua Tower in Chicago, Illinois.
Represented the purchaser of a 28-story Class A office tower in downtown Chicago. The transaction involved purchasing defaulted first mortgage and mezzanine loans, securing the property at a discount from the lender, and then acquiring the fee title to the property through a deed in lieu agreement with the borrower and guarantors the following week.
Represented the seller in connection with the $165 million sale of the Westin Chicago River North Hotel, a 424 guest-room hotel in Chicago, Illinois.
Representation of a borrower in connection with a $24 million loan modification and deed in escrow arrangement of an industrial warehouse property in the southwest Chicago suburbs.
Represented a regional steel company in connection with the land assemblage and subsequent construction of a steel fabrication plant in Cleveland, Ohio.
Represented a Taco Bell franchisee in connection with a $20 million refinance of 30 Taco Bell restaurants in Illinois and Ohio.