Clint Kakstys is a Member of the Sills Cummis & Gross Real Estate Department. His practice focuses on the acquisition, disposition and financing of commercial properties.

Mr. Kakstys represents owners of properties throughout the United States in connection with purchases and sales, with particular emphasis on shopping center transactions. Mr. Kakstys also represents institutional lenders in the origination of commercial mortgage loans for their securitization and balance sheet lending platforms. His practice encompasses financing a variety of property types throughout the country, including retail, multifamily, office, hotel and industrial assets, and he has experience with a wide array of financing structures and deal features, including subordinate and mezzanine debt, 1031 and reverse 1031 exchanges, leasehold mortgages, industrial development agency interests and tenancy-in-common ownership. Mr. Kakstys also has experience representing clients in connection with loan purchases, sales and modifications and commercial leases and subleases.

Practices

  • Real Estate

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Representative Matters

    • Represented one of the country’s largest shopping center owners in the sale of a 487,000 square foot center, including the conveyance of the owner’s sub-leasehold interest under a ground sublease covering a portion of the site.
    • Represented a publicly-traded REIT in its acquisition of a distressed, grocery-anchored shopping center, which included the discounted payoff of a defaulted mortgage loan encumbering the property.
    • Represented a lender providing mortgage and mezzanine loans in the aggregate amounts of $112,175,000 and $17,123,000, respectively, to finance the acquisition of a portfolio of 26 properties in 14 states.
    • Represented a landlord and its developer in connection with the acquisition, financing and leasing of a 730,000 square foot office building, including the negotiation of a new lease for the entire site with a major pharmaceutical company to occupy the premises as its North American headquarters following a top-to-bottom, interior and exterior renovation of the entire building performed by the landlord. Subsequently represented the owner in the sale of the building.
    • Represented a financial institution in its sale of an office building and leaseback of ground floor space for the operation of a bank branch.

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Affiliations

  • Member, American Bar Association

  • Member, New Jersey State Bar Association

  • Member, New York State Bar Association

  • Member, ICSC


Education

  • J.D., University of Connecticut School of Law

    Lead Articles Editor, Connecticut Law Review

  • A.B., Princeton University

Bar Admissions

  • New York
  • New Jersey
  • District of Columbia