Paul C. Bauer

Meeting a major deadline and protecting a deposit 

Paul represented a large, regional real estate management company in the acquisition of a shopping center in New England. The client made a $1M deposit as part of a bidding process and, if the deal didn’t close by a certain date and time, the deposit was forfeited. “We put a member of our team on the site of the project – three states away – and jumped through a lot of hoops, with people fanning out and getting what we needed to close. Our team did whatever it took.” 

Team approach to assist regional hospital

During COVID, a regional hospital approached us with a plan to sell a medical office building and lease it back to help its financing during very trying times. The existing property consisted of two condominiums and the hospital was ground leasing and leasing back only one portion of the building. The complex issues included dissolving one of the condominiums, subdividing the existing campus, working with existing lenders, the buyer, and unit owners of the remaining condominium, as well as creating and negotiating ground lease and leaseback documentation, all on a very tight timeframe. We put together a team of lawyers with responsibilities for each aspect of the transaction, worked through the myriad issues, and closed on time.    

Other experience

Life Sciences 

• Structured a major cell manufacturing ownership joint venture 
• Publicly-traded global pharmaceutical company with leases in Boston, London and San Diego (170,000 sq. ft., 10-year lease for a building in an office park) 
• Publicly traded global pharmaceutical companies with leases and acquisitions for lab and office space in Boston, Cambridge and throughout the U.S., including: 
  • one of the largest lease transactions in Boston’s history at 1.1 million sq. ft. 
  • facility acquisition with a nine-figure purchase price 
  • several long-term, total building leases of 100,000-250,000 sq. ft. each
• Global nonprofit that focuses on tissue and organ transplantation with lease, purchase option and credit facility 
• Seller of Seaport ground leased property 
• Medical school with life science leases and real estate transactions totaling several hundred thousand square feet 
• Regional hospital with leases, subleases, sales and acquisitions ranging in size from 5,000 sq. ft. to 75,000 sq. ft. 
• Small and mid-sized life sciences companies throughout Massachusetts in complex leases for research and development, lab and office space ranging from 3,000 to 60,000 sq. ft. 

Housing Development 

• Closing of multi-lender financing, including affordable housing tax credits related to a 42-unit affordable housing development project 

 Real Estate and General Corporate Transactions 

• Acquisition, financing and leasing of industrial properties for real estate investor groups 
• Property sale and leasebacks for manufacturing companies and hospitals  
• Equity management firm in the acquisition of membership interest in an out-of-state hotel 
• Acquisition, sale and structuring related to Reverse 1031 Tax Deferred Exchange 
• Large private nonprofit association in the development of its headquarters facility 
• Hydroelectric company in restructuring a multi-use facility with a complex cross-easement agreement 
• Top Massachusetts brewery with acquisitions and expansions in three locations totaling more than 30,000 sq. ft. (and counting) 
• Over the past three years, on behalf of a real estate investment firm, Paul has closed multiple complex multi-million-dollar acquisitions for mixed-use and industrial properties with a total valuation of approximately $60M and a total size of approximately 500,000 sq. ft. 

 Higher Education 

• UMass and its affiliates in a variety of real estate matters related primarily to its Worcester campus and adjacent life science buildings 
• Affiliates of a public university in real estate transactions 
• Private university in telecom and other technology agreements related to its campus 
• Leasing transactions for another higher education institution 
• General Counsel to Massachusetts State College Building Authority as to all corporate matters and real estate transactions in coordination with a team of Bowditch attorneys