"Kelly Noll is an outstanding lawyer. She is a trusted adviser and is highly skilled at understanding clients' business objectives before applying legal analysis." - Benesch client, Chambers USA
With significant experience across the real estate landscape, Kelly is a go-to advisor on high-stakes deals throughout the U.S. Handling hundreds of millions of dollars of complex transactions each year, Kelly represents some of the world’s largest and most sophisticated real estate investment trusts (REITs) and private equity funds, and numerous institutional investors, developers and commercial real estate owners in wide-ranging commercial real estate matters.
Kelly handles commercial property acquisitions, finance, development, redevelopment, leasing and dispositions across asset classes. She conducts real estate due diligence investigations, negotiates and drafts development agreements, represents clients in mortgage loans, mezzanine financing and recapitalizations, advises on joint venture agreements and entity restructuring, and handles retail and office space leases and issues regarding distressed properties.
She is especially experienced in mixed-use assets, their development and redevelopment and the parcelization of large shopping centers, which involves complex leasing, title, survey and zoning analysis. Kelly structures and negotiates programmatic outparcel sales while protecting the remainder shopping center owner and also represents clients selling their shopping centers and retaining valuable outparcels.
Analyzing issues with a focus on her clients’ specific business needs and goals, Kelly navigates deal complexities and helps clients assess and manage risks, overcome hurdles, leverage opportunities and further their overall objectives.
As the Pro Bono Committee co-chair, Kelly oversees and coordinates Benesch’s pro bono efforts throughout the firm, including collaborative initiatives with clients and community service organizations. In addition to representing clients directly in cases, Kelly trains attorneys on pro bono matters and supervises their work.
Representative Experience
- Represented guarantor and its subsidiary borrowers in connection with a $530,000,000 syndicated mortgage loan secured by a portfolio of 35 shopping center assets located across the nation.
- Represented publicly traded REIT in connection with its $9,590,000 acquisition of three properties in Louisiana, Alabama, and Colorado leased to an automotive repair company.
- Represented a leading international investment and management firm by performing all diligence and related needs for their purchase of loans in default for a total of over $600 million and subsequent foreclosures, involving over 70 properties in California.
- Represented client in the purchase of 5 properties that were recently developed in Michigan and Illinois and newly leased to tenants.
- Represented one of the nation's leading real estate owners in a multi-state acquisition of five healthcare properties for over $24,000,000.00.
- Represented a leading international investment and management firm in transferring membership interests in 7 underlying real properties, with a total value exceeding $51 million.
- In 2020, Benesch exclusively represented Site Centers Corp. on all lease amendments throughout Site’s portfolio required as a result of the Covid-19 pandemic.
- Represented a multi-faceted redevelopment of an existing shopping center located in the Chicago, IL area that encompasses nearly 700,000 square feet. The project includes a land sale to a prominent national retailer that owns an adjacent parcel to allow for a store expansion by that retailer, as well as significant related site work. Benesch is coordinating all aspects of the redevelopment and transaction for the client.
- Represented a fully-integrated real estate developer, owner and manager of retail properties on the acquisition of a distressed shopping center in the Orlando, Florida area valued at over $38 million and on the $28 million loan secured by the shopping center.
- Represented a fully-integrated real estate developer, owner and manager of retail properties on the acquisition of a shopping center in the Fort Worth, Texas area valued at over $58 million and on the $30 million loan secured by the shopping center.
