Sale of Restaurant Chain
In 2011, Hinckley Allen represented a major restaurant owner/operator in the sale of a large portfolio of restaurants located in 6 states to a single purchaser. Our corporate and real estate attorneys collaborated seamlessly on this interdisciplinary transaction that required an organized, team approach. The restaurants were all leased and were located on free standing parcels of land or in shopping centers or malls. A major challenge in this transaction was navigating the existing lease documents (almost all of which required landlord consents) to find creative ways to position a smooth assignment of the leases to the purchaser. Our attorneys successfully negotiated lease assignments with some of the largest landlords in the Country.