Philip G. “Phil” Skinner is a partner in the Real Estate Practice area and leads the Leasing Practice and Cross-Border Practice.
Mr. Skinner focuses his practice on the representation of owners, developers, investors, landlords and tenants in the acquisition, joint venture, development, financing and leasing of all types of commercial real estate, with a particular focus on office leasing, joint venture formation, representation of foreign investors, cross-border transactions, distressed real estate transactions, and on the development, financing and leasing of mixed-use projects. Such work also includes the negotiation of build-to-suit and headquarters leases, the purchase and sale of hotel and resort properties, the representation of developers on complex multi-property assemblage transactions, and the preparation and negotiation of complex declarations of protective covenants, operating agreements and reciprocal easement agreements. Mr. Skinner is a frequent author and lecturer on topics including legal and business issues in mixed-use projects, joint venture formation, cross-border real estate transactions, distressed real estate transactions, the negotiation of office leases, the negotiation of brokerage and commission agreements, the negotiation of purchase and sale agreements, and commercial real estate industry trends, among other topics. Since 2000, Mr. Skinner has presented a seminar titled “Lease College,” which is designed to educate targeted audiences in negotiating leases. Mr. Skinner has presented "Lease College" to such organizations as the Atlanta Bar Association, the Atlanta Commercial Board of Realtors, Carter & Associates, Grubb & Ellis, NAI Brannen Goddard, Richard Bowers & Co., and Colliers Spectrum Cauble, among others.
Six Contients Hotels Inc. (Intercontinental Hotels Group) Office Lease at Ravinia Three. — This Lease, completed in 2015 after 2+ years of work that began with multiple RFPs to alternative landlord and ended with renew-in-place amended and restated lease for a 17-year lease term, with multiple renewals thereafter, was for 488,000 RSF, making it one of the largest office lease transactions completed in Atlanta I recent memory. The lease included complicated extension, renewal, expansion, relocation, retrofit, termination and other provisions. It had virtually every "bell and whistle" that a large, complex office lease transaction could have, and was ultimately negotiated and completed under very difficult circumstances where the entire transaction was at risk. In addition, the transaction involved a separate "FF&E" lease with separate financing, greatly increasing the value of the transaction to the our client, the tenant. All parties were represented by expert brokers, consultants and counsel making the effort and the end-product of the highest quality.
LakePoint Project, Bartow County, GA — Work on this transaction began in 2010 as a 1,200+ acre land assemblage. The initial closing occurred in 2011. Since then more than 50 additional loan, purchase, sale, lease, joint venture, equity, debt and build-to-suit transactions have occurred, making the transaction a long, successful one in which our firm has handled all aspects of the initial and subsequent transactions. This work continues and build-out is expected to take another 5+/- years.
RTM/Arby's Transaction — This transaction involved representation of the purchaser in the acquisition and financing of 354 Arby's restaurants in over 30 states. Given the number of properties involved the transaction involved the coordination of large amounts of title, survey, environmental and other due diligence work and the use of multiple local counsel across the network of states involved, in addition to negotiation the core transaction and financing documents. The transaction culminated in a closing that took a full week to complete. As a result of this initial transaction the purchaser had the opportunity to acquire additional Arby's restaurants from additional seller parties. These acquisitions were transformational for our client, as it went from a privately owned and operated restaurant company with less than 500 restaurant units to one with over 1,000 units and over 22,000 employees.