Profile

Nicholle Allen-Steele focuses her commercial real estate practice on various commercial real estate transactions involving acquisitions and sales, development, financing and office and retail leasing. Ms. Allen-Steele supports the Firm's corporate department by managing the real estate components of mergers and acquisitions. In her telecommunications practice, Ms. Allen-Steele works with and advises telecommunications companies on site acquisition and municipal franchise issues. She also practices in the areas of banking and finance, and represents institutional lenders and borrowers in a variety of financing transactions.

Ms. Allen-Steele is a member of the Parker Poe Diversity Committee.

Experience Highlights

• Extensive experience in drafting, reviewing and negotiating purchase and sale agreements, security instruments and lease agreements that pertain to retail, office and medical build-to-suit real estate
• Reviews and prepares lease amendments; assignment and assumption agreements; estoppel certificates; and subordination, non-disturbance and attornment agreements
• Closes both small and multi-million dollar loans for shopping centers, office parks, manufacturing and research facilities and other commercial real estate projects, including 1031 tax-deferred exchange transactions
• Drafts and negotiates purchase contracts, ground space leases, and easements related to communication towers, equipment collocation and fiber optics; advises telecommunications clients on site acquisition and municipal franchise issues; and prepares service and maintenance agreements for fiber optic lines
• Prepares numerous municipal encroachment and franchise ordinances for fiber optic installations
• Represents institutional lenders and borrowers in a variety of financing transactions, including origination of commercial construction and permanent real estate loans, asset based loans, and loan workouts and restructurings
• Represents mortgage loan portfolio servicers in connection with single-site and multi-site loan assumptions, as well as consent, Real Estate Mortgage Investment Conduit (REMIC) and general compliance issues
• Routinely advises clients on the legal aspects of commercial contracts, including terms and conditions of sale and service agreements, sales representative agreements; and supply agreements

News

• Parker Poe Names Four New Partners
  January 5, 2010

Memberships

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