C. Leslie Banas - Banas and Associates PLLC

C. Leslie Banas

Listed in Best Lawyers since 2008
Phone: 248-203-0066

    Ms. Banas assists clients in the real estate, manufacturing, hospitality, health care, energy, retail, professional service and other industries in corporate and real estate matters. Her areas of concentration include commercial real estate development; national retailer leases; affordable multifamily rental properties and senior housing communities; medical office development and leasing; condominium and mixed use projects; and restaurant acquisitions. She has closed over $1.0B of real estate acquisition and development transactions, including transactions for the rehabilitation of historic and obsolete properties in older urban communities.

In addition, she has closed over $1.2B of mortgage loans and mezzanine financing on behalf of borrowers, including HUD insured and Fannie Mae mortgage funding of multifamily rental communities.

Ms. Banas assists investors (including offshore investors) in the purchase of net leased single-tenant retail properties throughout the US.

She also negotiates and drafts office and retail leases on behalf of landlords, including negotiating leases with national retailers such as Whole Foods, Michaels, and Petsmart.

She also helps manufacturers and other corporate clients negotiate leases and build out arrangements for headquarters and regional offices, and to dispose of warehouse and other properties.

Ms. Banas and her team assist clients in obtaining regulatory and land use approvals, arrange for tax incentives and credits, and negotiate the sale of historic and LIHTC credits to investors. 

Her firm frequently provides commercial real estate legal services and local counsel services to out of state and offshore lawfirms and businesses.

Recently, Ms. Banas and her team have begun to assist municipalities in real estate related matters, including the disposition of municipal property for development purposes, including the negotiation of PUD and development agreements.

She also assists in the organization of  LLCs and other business entities, and negotiates operating agreements and joint ventures. Many of her transactions include governmental and nonprofit participants, and complex tiered ownership structures.

Prior to joining her current firm in 2009, Ms. Banas was a partner at a large Midwestern firm for over 20 years.

She is currently assisting a client in the development, construction and leasing matters relating to a cutting edge medical and wellness facility in southeastern Michigan. Other recent transactions include acquisition and rehabilitation of several affordable rental housing properties with financing provided from a combination of state tax exempt bonds, HUD mortgage loans, and sale of LIHTC credits; acquisition and financing of a historic office property and restaurant operation; resolution of issues relating to an insurer's leased 120,000 sf office property in a building subject to foreclosure proceedings; development of the largest net metered wind turbine project in the Midwest; and Fannie Mae refinancing of an existing senior rental apartment property and development of phase 3 of the project.

Additional Information

Real Estate Development

Land acquisition, zoning and entitlements, reciprocal easement agreements and CCRs,

Leasing — Negotiation and preparation of leases on behalf of landlords or tenants for office, retail, warehouse/manufacturing and specialized use properties.
Financing — Mortgage loans from financial institutions (construction and permanent); Fannie Mae financing; HUD-insured mortgage loans (including mark to market transactions); state housing agency bond financing.
University of Detroit MercyBA 1973Wayne State UniversityJ.D. 1976
CoreNetICSCReal Property Law Section/State Bar of MichiganUrban Land Institute/Michigan

Case History

Redevelopment of Old Racetrack Site — Redevelopment of 100+ acre former racetrack into 1M mixed use retail/office project and sale of acreage for development of 2M warehouse/distribution facility.  Transaction involved significant zoning, land use and environmental issues; complex REA; various build to suit, ground lease and pad sale arrangements with big box retailers; multiple levels of constuctruction and end financing, and leasing of mini-anchor and in line retail space.
4.5 MW Private Wind Energy Project — Representation of developer of largest private wind energy project developed in the United States to date. The developer is installing three 1.5MW wind turbines at a manufacturing facility in the Midwest. the electricity generated by the turbines will markedly reduce the  cost of the electricity used to operate the manufacturing plant. surplus electricity will be sold to the local utility. Transaction involves the purchase and delivery of turbines from an offshore manufacturer; resolution of zoning and other land use issues; engineering and construction the infrastructure and site improvements need to accommodate delivery, erection, hok up and operation of the turbines and their interconnection to the local utility's lines.
Major Office Lease — Lease of over 120,000sf office space for health care insurer; resolution of tenant issues relating to landlord's mortgage default and lender's foreclosure of office building.
Recycling Facility — Purchase of obsolete manufacturing facility; regulatory approvals for operation of plant from county and state environmental agencies;construction of new LEED certified dual stream recycling facility.
Historic Building/Restaurant Acquisition — Purchase of historic office and restaurant building in city center,purchase of restaurant assets; development of new restaurant operation; liquor license matters; structuring of relevant ownership entities.
Mixed Use Condominium Project — Redevelopment of multistory mixed use condominium overlooking city park; constructionof luxury residential and retail units; resolution of construction and building code issues.
Senior Independent Rental Housing — Fannie Mae refinancing of two phases of senior rental apartment property; development of third phase of project including construction financing; restructuring of ownership entities.
Purchase, Rehabilitation and Refinancing of Affordable Apartment Project — Purchase of 500+ unit multifamily rental housing property in Columbus, Ohio; closing of new HUD-insured mortgage loan for cover substantial rehabilitation of property; mark to market restructuring of existing HUD-insured loan and transfer of lender's position in restructured loan to non-profit entity.

Client Comments

"Ms. Banas has insight on corporate matters being discussed for hidden legal implications and future effects. Her demeanor places one at ease. When in corporate discussions with other firm's legal representatives, she identifies inconsistencies and asserts the client's position in a tactful manner."

-Al Juocys
Happy Lung

"Leslie Banas is responsive, knowledgeable, and easy to understand. She is equally adept at understanding the big picture, as well as small details. She is not a typical "nine-to-five'r", and I would recommend her without reservation."

-James Maher
3160 White Lake One LLC

Office Location

330 Hamilton, Suite 350
Birmingham, MI 48009
United States

Practice Areas

Real Estate Law (Commercial, Construction, Corporate, Development, Finance, Industrial, Joint Ventures, Land Use, Mixed-Use Development, Partnership and Limited Liability, Tax Certiorari, Transactions)

Other Information

Gender: Female