Arent Fox Advises Brooklyn Nets on New Training Facility Deal
Sports group leader Richard L. Brand led a group from Arent Fox that advised on all aspects of the practice facility, including the leasing of the real property, the separate lease of the associated tenant improvements, and the construction of one of the largest training facility transactions in professional sports. Finance partner Alan S. Dubin, Real Estate partner Jeremy B. Fox, Construction partner Andrew Ross, and Corporate & Securities associate Kelli A. Scheid provided counsel on the deal.
The 70,000 square foot facility will occupy the eighth floor of a century-old warehouse at 148 39th Street, with construction scheduled to be completed by the start of the team’s 2015 training camp. The facility will feature world-class amenities, including two full basketball courts, a weight room, a training pool and two hydro pools, a rooftop entertainment space, an 18-seat multimedia theater, 3,000 square feet of lounge space, and a media interview and workroom.
Arent Fox has represented the Brooklyn Nets and Barclays Center and its affiliates in a wide variety of team and arena related transactions for over 10 years. That includes serving as counsel to Brooklyn Events Center in connection with the relocation of the New York Islanders to Barclays Center; working on Brooklyn Sports & Entertainment’s multi-year management agreement with AEG Facilities to provide operational support at Barclays Center; advising on the naming rights transaction for Barclays Center, which is the largest arena naming rights in the history of sports; and providing representation on multiple other aspects relating to the development of Barclays Center, including sponsorship agreements, trademark prosecution, suite licensing agreements, the food and beverage/concession agreement, and other arena-related matters.
Arent Fox’s Sports group is one of the most experienced in the country, with a team of 25 lawyers nationwide. From the firm’s headquarters in Washington DC, to its offices in Los Angeles, New York, and San Francisco, the diverse practice is involved in everything from basketball, football, and baseball, to tennis, cycling, hockey, soccer, and the Olympics.