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Nicholle Allen-Steele

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With seventeen years of experience representing corporate and municipal entities in commercial transactions, Nicholle Allen-Steele's approach to practice is client-focused and results-oriented.  Nicholle represents clients in an array of industries. As such, her clients benefit from working with an attorney experienced in developing thorough industry knowledge, assessing unique client needs and crafting individualized solutions aligned with business strategies.

In her commercial real estate practice, Nicholle represents developers, institutional lenders, loan portfolio servicers and finance companies in matters involving acquisitions and sales, commercial development, financing and loan modifications and assumptions. Nicholle also represents landlords and tenants in lease negotiations involving retail, medical, manufacturing and institutional uses.  

Recognizing that innovation is a key to community economic growth, Nicholle provides counsel on general corporate and commercial contract matters to  growth companies in the telecommunications, energy, health care and entertainment industries. These clients benefit from being represented by a versatile practitioner who can leverage multi-industry experience.

Nicholle is a member of the Wake County Real Property Lawyers Association, Triangle Commercial Real Estate Women, Urban Land Institute and the International Council of Shopping Centers, Inc. She is also a member of the Commercial Contracts Section of the National Bar Association. Nicholle's professional involvement reflects her commitment to client service through broad industry knowledge.

Representative Experience

Nicholle’s commercial real estate and commercial contracts experience crosses multiple industries:

Banking and Finance

  • Representing institutional lenders, loan servicers and borrowers in financing transactions, including origination of commercial construction and permanent real estate loans, securitized loans, asset-based loans, negotiating and documenting
  • Representing mortgage loan portfolio servicers in connection with single-site and multi-site loan assumptions, as well as consents, Real Estate Mortgage Investment Conduit (REMIC) and general compliance issues
  • Representing a national bank in loan workouts, loan modifications, forbearance agreements and deed-in-lieu agreements

Education

  • Representing a private college in Raleigh, North Carolina, in connection with the acquisition of a private college in Virginia

Telecommunications

  • Representing regional and national telecommunications service providers in negotiation of purchase contracts, ground space leases, easements and service and maintenance agreements for temporary and permanent wireless Internet solutions (high-capacity Wi-Fi networks), telecommunication towers, equipment collocation and fiber optic facilities
  • Advising telecommunications clients on preparing municipal encroachment agreements and franchise ordinances for fiber optic installations

Energy

  • Representing a renewable energy company in the development and financing of a biomass facility in eastern North Carolina

Municipal Entities

  • Representing a North Carolina city in negotiation with a developer to build a new hotel on city-owned land
  • Representing a North Carolina city in negotiation with a developer of a purchase and development agreement for the development and design of a mixed-use community in the city’s downtown district
  • Advised a major North Carolina city in land acquisition and development of a new Minor League baseball park

Manufacturing

  • Represented a Canadian manufacturing and floor builder in connection with acquisition and disposition of a building products company, including owned and leased properties, and implementing a $175 million expansion of its facilities

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Memberships

  • National Bar Association, Member
  • Tammy Lynn Center, Inc., Member, Board of Directors, (2003-2006)
  • Triangle Commercial Real Estate Women (TCREW), Member
  • Wake County Real Property Lawyers Association, Member