People: Michael Rechtin, Partner

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Michael Rechtin

Partner

Chicago
Direct: (312) 460-5370
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Michael D. Rechtin Jr. is a Real Estate partner in Seyfarth’s Chicago office. His practice has a focus on data center, headquarters, office, industrial and retail leasing. He also handles data center transactions in general, build-to-suit transactions, acquisitions, dispositions, financings, joint ventures and development. With more than 20 years of real estate law experience, Mr. Rechtin has represented life insurance companies both locally and nationally, Fortune 500 companies, pension funds and pension fund advisors, investment advisory groups, commercial developers, real estate entrepreneurs, REITs and professional services firms.

Mr. Rechtin represents clients on all related and tangential agreements in connection with data center work, including service level agreements (SLA), tax abatement and exemption agreements, vendor agreements, indefeasible right of use (IRU) agreements, telco and fiber licenses (long haul and last mile), master service agreements (MSA), service orders, and meet-me-room-related agreements (MMR).

Michael D. Rechtin Jr. is a Real Estate partner in Seyfarth’s Chicago office. His practice has a focus on data center, headquarters, office, industrial and retail leasing. He also handles data center transactions in general, build-to-suit transactions, acquisitions, dispositions, financings, joint ventures and development. With more than 20 years of real estate law experience, Mr. Rechtin has represented life insurance companies both locally and nationally, Fortune 500 companies, pension funds and pension fund advisors, investment advisory groups, commercial developers, real estate entrepreneurs, REITs and professional services firms.

Mr. Rechtin represents clients on all related and tangential agreements in connection with data center work, including service level agreements (SLA), tax abatement and exemption agreements, vendor agreements, indefeasible right of use (IRU) agreements, telco and fiber licenses (long haul and last mile), master service agreements (MSA), service orders, and meet-me-room-related agreements (MMR).

Education

  • J.D., University of Notre Dame Law School, cum laude (1992)

  • B.S., Massachusetts Institute of Technology (1989)
    Dean’s List

Admissions

  • Illinois

Affiliations

  • American Bar Association
  • Illinois Bar Association
  • North Branch Works (Secretary and Board of Directors Member)
  • Northwestern University Graduate School of Engineering (Adjunct Professor)

Representative Engagements

  • Advising Comcast Corporation on its entire data center portfolio. Recent highlights include a national wholesale data center lease (9.6 MW) and another national build-to-suit wholesale data center lease (7.8 MW). Advised on numerous regional colocation data center leases and licenses ranging from 1.2MW to 250KW.
  • Advising a national/international data center developer in the US, UK and Netherlands in buying and financing the development of wholesale data centers.
  • Advising various clients on all related and tangential agreements in connection with data center work, including service level agreements (SLA), tax abatement and exemption agreements, vendor agreements, indefeasible right of use (IRU) agreements, telco and fiber licenses (long haul and last mile), master service agreements (MSA), service orders, and meet-me-room-related agreements (MMR).
  • Advising an Am Law 20 law firm on its 300,000 square foot Chicago headquarters office lease.
  • Advising several Fortune 500 companies and large professional services firms on their owned and leased real estate holdings.
  • Advising several institutional investors on their acquisition, disposition, development and financing strategies.
  • Advising the owners of various downtown and suburban Chicago office buildings on leasing and management.

Presentations

  • Presenter, "Data Centers: The Basics and Issues of An Expanding Asset Class," CRE Finance Council Seminar (October 9, 2018)
  • Presenter, "The Innovation behind Hybrid IT," AFCOM Central Ohio Chapter Meeting (September 19, 2018)
  • Moderator, "Going Global: The International Data Center Outlook," Data Center Investment Conference & Expo, Midwest (August 28, 2018)
  • Moderator, “How To Mitigate Third-Party Risk In The Data Center Supply Chain,” Seventh Annual Greater Chicago & Midwest Data Center Summit, presented by CAPRE, Chicago, IL (March 22, 2018)
  • Presenter, "Data Center Development, Operation and Financing: Special Concerns for Real Estate Counsel - Addressing Environmental Controls and Power, Connectivity, Access and Security Requirements; Service and Licensing Agreements," Strafford (July 13, 2017)
  • Presenter, "Commercial Leasing: Changing Lease Forms and Negotiating Tactics in the New Improving Economy," PLI-Negotiating Commercial Leases, Chicago, IL (November 17, 2014)
  • Presenter, "Data Center Deal Structuring and What it Means in Terms of Risk," Data Centers in Chicago Summit (November 1, 2014)
  • Presenter, "Commercial Leasing," PLI 16th Annual Commercial Real Estate Institute (October 27, 2014)
  • Presenter, "The Impact of Data Center Contract Structure," Global Data Center Forum, Chicago, IL (October 1, 2014)
  • Moderator, "Evolution of the Data Center Lease: How Emerging Data Center Markets, an Increasingly Competitive Landscape, and the Cloud are Changing the Game in 2014," 2nd Annual Caprate Texas Data Center Summit, Dallas, TX (October 1, 2014)
  • Moderator, BISNOW DICE Third Annual Data Center Investment Conference and Expo, Northern Virginia (June 1, 2014)
  • Moderator, "Evolution of the Data Center Lease" 2nd Annual Caprate Chicago Data Center Summit, Chicago, IL (June 1, 2014)
  • Presenter, "Commercial Leasing: Changing Lease Forms and Negotiating Tactics in the New Improving Economy," PLI-Negotiating Commercial Leases (November 18, 2013)
  • Presenter, "Acquisition and Dispositions, Journey Through the PSA, and More," PLI 15th Annual Commercial Real Estate Institute (October 28, 2013)
  • Moderator, Bisnow Media presents the Second Annual Data Center Investment Conference & Expo, Washington, DC (June 19-20, 2013)
  • Presenter, "Leasing: Data Center Leases and Other Current Trends and Issues," 7th Annual Specialized CLE for In-House Counsel, Phoenix, AZ (June 13, 2013)
  • Presenter, "Data Center Boom," Bisnow Real Estate, Chicago, IL (January 29, 2013)
  • Presenter, "Changing Lease Forms and Negotiating Tactics in the New Improving Economy," PLI Negotiating Commercial Leases: How Owners and Corporate Occupants Can Avoid Costly Errors (November 16, 2012)
  • Presenter, "Commercial Leasing," PLI 14th Annual Commercial Real Estate Institute (October 29, 2012)
  • Moderator, "Data Center Boom," Bisnow Real Estate, Chicago, IL (December 8, 2011)
  • Presenter, "Commercial Leasing," PLI 13th Annual Commercial Real Estate Institute (October 31, 2011)
  • Presenter, "Safeguarding Leasing Broker Commissions," Jones Lang LaSalle, The John Buck Company and Transwestern (January 2010)

Publications

  • "The Devil Is In The Data Center Occupancy Agreement," Law360 (November 6, 2014)
  • “Crowdfunded Real Estate — Possibilities And Pitfalls," Law360 (March 10, 2014)
  • "The ABCs Of Data Center Leasing," Law360 (May 1, 2013)