Nicholas R. Benson
Associate
Nick is an associate and real estate lawyer with Foley & Lardner LLP. Nick represents clients in a variety of complex real estate matters, including purchase and sales, development, New Markets Tax Credit and traditional financings. He also counsels clients in connection with the real estate aspects of corporate mergers and acquisitions.
In addition to his traditional real estate practice, Nick has experience on real estate aspects of wind, solar and battery storage projects, including working on site control documents; addressing title, survey, and other development matters, and performing real estate diligence for tax equity investments.
Representative Experience
Real Estate
- Represented client in over 10 medical office building acquisitions throughout the United States, totaling more than $75M.
- Represented leading global bank in multiple loans for portfolios of skilled nursing facilities throughout the United States, totaling more than $185M.
- Represented national bank in multiple syndicated construction loans for development of cold storage facilities in Georgia and Indianapolis, totaling more than $378M.
- Represented national bank in financing the acquisition and construction of approximately 17 renewable compressed natural gas fueling stations throughout the United States, totaling more than $100M.
- Represented regional bank in a $3.8M New Markets Tax Credit financing for the redevelopment of a commercial grocer.
- Represented regional multi-family developer on the acquisition, development and financing of 237 luxury apartment homes, totaling more than $113M in project value.
Energy
- Represented national bank on real estate diligence and related work in connection with its $79 million construction and term loan investment in a portfolio of solar projects located in New York and Massachusetts, aggregating over 61MW of production capability.
- Represented major European based renewable energy developer in development and financing of multiple solar projects throughout the United States, totaling over 700MW.
- Represented RWE AG (RWE), a leading renewable energy company, in its purchase agreement with Con Edison, Inc., for all shares in Con Edison Clean Energy Businesses, Inc. (CEB), a leading operator and developer of renewable energy projects in the U.S., for a purchase price based on an enterprise value of $6.8 billion.
- Represented leading electric utility provider in its acquisition of a 155MW wind farm located in Oklahoma.
- Represented national bank in issuing construction, bridge and term financing for over 35 solar generation sites throughout the United States.
- Represented national renewable energy company in development and sale of 135MW wind farm located in Arkansas.
- Represented national renewable energy company in development and financing of 300MW battery energy storage system in Texas.
- Represented national renewable energy company in development and sale of multiple solar projects, totaling over 400MW of solar generation and 165MW of battery storage located in Wisconsin and Michigan.
Foley Represents Subsidiaries of American Electric Power Company and PNM Resources in Agreement to Sell New Mexico Solar Assets
Foley represented subsidiaries of American Electric Power and PNM Resources in the agreement to sell their renewables joint venture, New Mexico Renewable Development, LLC, to Exus North America Holdings, LLC for approximately $230 million.
Foley Advises RWE in $6.8B Acquisition of Con Edison’s Clean Energy Businesses
Foley & Lardner LLP served as co-counsel for RWE AG, a leading renewable energy company, in its recent purchase agreement with Con Edison, Inc., for all shares in Con Edison Clean Energy Businesses, Inc., for a purchase price based on an enterprise value of $6.8 billion.