Negotiating a Three-way Land Swap
Doug Tibble led our team in assisting our client to conclude a three-way multi-acre agricultural land swap involving our client, a municipality and a manufacturing business intending to construct a manufacturing facility on the land our client swapped with the municipality and it thereafter acquired from the municipality. The land assemblage required various boundary changes, subdivisions and parcel consolidations. We designed and drafted the documents for all of the transactions between the three parties and coordinated the multiple closings involving numerous parties. The transaction was further complicated by the manufacturing party’s receiving financial concessions from the municipality for its anticipated construction and operation of its facility on the newly acquired parcel. We were able to conclude the transaction remotely.