KJK’s Economic Development Practice Group provides a wide breadth of services to businesses looking to establish, expand, consolidate or relocate; developers planning their next big project; or municipalities seeking to attract such businesses and developers. Drawing upon deep experience in real estate, land acquisition and leasing, financing, contract negotiation, compliance, general corporate law and more, KJK’s Economic Development professionals manage projects that help businesses and communities thrive. KJK’s team also works to help finance and grow early-stage companies.
From structuring a deal to securing project financing to negotiating construction agreements and managing build-out, KJK’s Economic Development team offers start-to-finish project management. We help businesses in a variety of industries and of all sizes, from start-ups to middle market companies to large corporations. As a firm with proud roots in Cleveland, our civic commitment is strong, devoted to the growth and prosperity of our local communities and the entire state of Ohio.
Our services include:
Represents a $2 billion, privately-held corporation in managing its expansion and development of a new global headquarters, including negotiating and closing a financing package that includes support from the local municipality, JobsOhio and the Ohio Tax Credit Authority; managing collaboration among local, regional and statewide entities to support the growth of the company and its creation of approximately 1,000 new jobs; and negotiating contracts in connection with the build-out of the project
Managed the deal to revitalize a 165,000-plus square-foot historic building and construct a new 650-space parking garage at the Victory Center in Midtown Cleveland, now the new world headquarters for Dealer Tire. KJK successfully negotiated and drafted complex, long-term leases, closed more than $24 million in public and private financing and refinancing, protected more than $10 million in federal and state historic tax credits, negotiated favorable construction contracts, managed the construction project and oversaw compliance and reporting.
Assisted a national manufacturer in its expansion of its executive offices and additional warehouse space, including acquiring property, accessing economic incentives, and negotiating and closing financing from municipal and state sources, including JobsOhio
Negotiated and closed complex public-private financing and land assembly and purchase for a locally owned restaurant supplier’s approximately $8 million expansion project, which will create a nearly 200,000 square foot distribution center and give new life to a formerly vacant property in the City of Cleveland
Successfully represented a real estate developer in a rezoning effort that will allow the company to redevelop a vacant three-story office building and surrounding 8.5-acre parcel into a mixed-use office-retail property, bringing with it the potential for hundreds of new jobs to a suburban city
Acts as outside general counsel for early-stage companies, assisting them with general corporate governance and accessing funding
Authored the winning 345-page bid to secure the 2016 Republican National Convention for Cleveland, structured complex public-private partnerships, raised more than $30 million in funding from city, county, state and private sources and successfully negotiated more than 300 major public and private service and license agreements and more than $30 million in buildout, production, transportation and service contracts