Sacks Tierney P.A.

Member of Meritas: 173 full-service law firms serving more than 200 markets worldwide

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Janet E. Jackim

Janet Jackim is a former Vice President, Real Estate, and Assistant General Counsel at The Circle K Corporation.

During three decades as a commercial real estate attorney, Janet has represented developers, lenders, landlords, tenants, title agencies and local governments in real estate sales, financing, development, leasing and other transactions. The Best Lawyers in America honoree has completed more than $1 billion in mergers and acquisitions (sales price) of large and small businesses.

Practice Areas

Real Estate Law

Business and Corporate Law

Marijuana Business Law

Loan Workouts

Homeowner Association Law

Banking Law

Honors and Awards

AV-Preeminent® Rating, Martindale-Hubbell®

The Best Lawyers in America®, Real Estate Law, 2018

Lambda Alpha International (LAI) Land Economics Society, Phoenix Chapter

“2006 Leading Lawyers,” Phoenix Business Journal

Representative Transactions

Responsible for the aggressive growth and turnaround pre-and post-bankruptcy of The Circle K Corporation’s real estate portfolio. Built strategic business plan for the company’s 25 geographic markets, requiring site-by-site analysis (financial, real estate/location demographics, and capex requirements). Led nationwide 50-person real estate sales staff and back office administration group of 100-200 employees for the purpose of selling 2,500 REOs, resulting in $100 million cash. Assessed company’s 6,000 real estate holdings (convenience stores, gas operations, office buildings, warehouses, vacant land and buildings, and speculative land deals) for profitability. Closed and sold 2,500 under-performing properties. Renegotiated 1,500 commercial leases to produce $15 million in annual rent savings.

Negotiated commercial stabilization loans, loan workouts and bankruptcy resolutions on behalf of lending institutions, FDIC affiliates and commercial borrowers. Conducted trustee’s sales, initiated litigation enforcing commercial loan transactions, defended litigation for receivership appointments and loan defaults, and prepared forbearance and other settlements.

Other transactions include $100 million 1031 exchange involving a city block in downtown Phoenix and a Minnesota shopping center; acquisition and financing of a 20,000 square-foot free-standing retail building in a Wal-Mart center; preparation and negotiation of a two-acre ground lease in a Wal-Mart center for the construction of a convenience store with gas facilities; land accumulation and parcel assemblage of up to 2,500 acres from 35 sellers; formation of HOA, early construction financing, CC&Rs, entitlements, public report, build-out and refinancing of 900-acre residential development; negotiated and documented more than $2 billion in business acquisitions and sales transactions involving multiple properties; and negotiated and documented the sale of a discounted multi-million-dollar commercial promissory note.

Professional Activities

State Bar of Arizona

Colorado Bar Association

Maricopa County Bar Association: Chair, Real Estate Section

Women in Real Estate Development

Arizona Business Brokers Association: Member; Secretary/Board of Directors, Central Chapter, 2013

Bar Admissions

Arizona, 1986

Colorado, 1978

Articles

HOA Boards: Don’t Write Off Delinquent Assessments of Owners or Their Foreclosing Lenders! Common Ground, Community Associations Institute, September/October  2016

Unclaimed Death Benefits: What Life Insurance Companies Know (But You Might Not) Sacks Tierney Client Newsletter, August 2016

Due Diligence in Buying Commercial Real Estate: Acreage, Apartments or a Building,
Sacks Tierney Client Newsletter, February 2015

Presentations

10 Commonly Overlooked Clauses in Commercial Real Estate Transactions

“A Junkyard Dog’s Perspective on Distressed Commercial Real Estate Today”

“Real Estate Due Diligence 101”

“Landlord’s Lease is How Many Pages? 101 Practice Tips for Negotiating a Tenant-Friendly Lease”

“Tenants in Trouble”

“Commercial Leasing”

“Negotiating Leases”

“The Emergency Economic Stabilization Act”

“Navigating Economic Headwinds”

“Exclusive Authorization for Sale or Lease of Real Property”

“Buyer/Lessee Agency Agreement”

“Saving Luke Air Force Base through Land Exchanges”

“The Circle K Bankruptcy Experience: Coming Full Circle From Ashes to IPO”

Publications

State by State Guide to Construction and Design Law (Author, Arizona Supplement), American Bar Association, April 2009

Community Leadership

ATHENA Award Finalist, Phoenix Chamber of Commerce, 1997

Education

Loyola University Chicago School of Law, J.D., cum laude, 1978

Indiana University, B.A., with honors, 1974

Birthplace

Hammond, Indiana