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Tim Hammersmith is an experienced real estate lawyer focused on the sale, purchase, new construction and leasing of commercial, industrial, retail, multi-family dwelling and other types of real property. He also advises on real estate-related tax matters, litigation and dispute resolution. In his third decade of practice, Tim represents domestic and international businesses and individuals with a primary focus on supporting and facilitating their operational objectives and underlying business goals.

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Tim represents both landlords and tenants with respect to a variety of leasing matters, not only including lease negotiations, but also regarding complex construction/tenant build-out contracts. Additionally, Tim advises on real estate litigation involving disputes over title, property boundaries, easements, rights of ingress and egress, title insurance matters and landlord tenant contract disputes. Tim also provides tax counsel on real property tax matters, including contesting real estate tax assessments on commercial, industrial and multi-family investment grade properties and representing not-for-profit entities in the area of real estate tax exemptions, representing industrial use clients in obtaining real estate tax incentives, as well as advising on real estate tax leasehold issues.

Tim is consistently valued for his ability to get clients into the right property where they can quickly, efficiently and legally conduct their businesses. Clients also appreciate that Tim understands the importance of helping them maximize the return on assets in the event of a disposition. Because Tim has been involved in resolving a range of real estate litigation and disputes, he brings a wider viewpoint to real estate transactions and often better positions his clients throughout the negotiation process. Likewise, Tim’s depth of substantive knowledge and experience in real estate transactions allows him to better represent his clients in disputes and litigation matters concerning real property issues.

A frequent author and lecturer on real estate issues such as site selection and real estate development incentives, landlord/tenant matters and tax challenges, Tim has served as an adjunct professor for the John Marshall Law School in Chicago. Prior to attending law school, Tim worked for almost three years for First Florida Bank in Tampa, Florida in cash management and treasury operations.

Practice Areas

Education

  • The John Marshall Law School, J.D., 1993 - Member Law Review
  • University of South Florida, B.S. Finance, 1987

Admissions

  • Illinois
  • Florida
  • Wisconsin
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Experience

Experience

Represented numerous companies in the leasing and build out of office use property in the states of Illinois, Ohio, New York and California, among others, ranging in size from 10,000 to 200,000 square feet.

Procured economic development assistance, job training assistance and real and personal property tax abatements and other incentives in Indiana, Tennessee and Illinois for industrial manufacturing and wholesale warehouse/distribution companies.

Assisted numerous sellers of industrial use property throughout the U.S.

Seller representation of 40 acres of land encumbered with a long-term ground lease and used in connection with a nationally recognized amusement facility.

Guided numerous manufacturing and warehouse/distribution companies in the purchase, development and leasing of facilities ranging in size from 10,000 to 500,000 square feet.

Major international corporation representation in the sale of a 275,000-square-foot office building in California.

Nationwide food processing company representation in the acquisition of a 25,000 square-foot cold storage facility in New Jersey.

Owner representation of commercial, industrial and multi-unit residential properties in real estate tax assessment reduction matters throughout Illinois.

Assisted an industrial user in obtaining bulk-restriction and height zoning variances for a major manufacturing facility in Illinois.

Advised national and international shippers, freight forwarders and carriers in leasing matters.

Handled numerous real estate-related litigation matters, including, but not limited to, title disputes, property boundary and easement disputes, landlord-tenant disputes, forcible entry and detainer and condemnation.

Seller representation in the disposition of a premier public and private golf course property in California.

Memberships

Memberships

Association of Industrial Real Estate Brokers
Chicago South Chamber of Commerce
Florida State Bar Association
Illinois State Bar Association
Real Estate Investment Association
Professional Activities
Legal Updates/Client Advisories
Recent Developments in Real Property Taxation
It is not very often that cases involving real estate taxation make the news. However, the Illinois Supreme Court recently held that a…
Foreign Investment in Real Property Tax Act ("FIRPTA") Update
Pending legislation, in the form of United States Senate Bill S. 915 and United States House of Representatives Bill H.R. 2128…
Bulk Sales Act in Illinois
The repeal of the Uniform Commercial Code provisions regarding bulk transfers of the assets of a business may have led purchasers of real…
News
Publications
Co-authored "No Surprises Allowed: Basics of Controlled Expert Witness Disclosure" - Illinois Supreme Court Rule 213(f)(3) in the Illinois Bar Journal, May, 2015 issue
Co-authored: "Real Estate Tax and Government Incentives" and "Site Selection" Chapters, Illinois Institute for Continuing Legal Education's 2004 edition of Commercial Real Estate, updated and republished in 2011
"Survey of Illinois Law, Property" - Southern Illinois University Law Journal, 19 S. Ill. U. L. J. 923, 1995
Distinctions

Distinctions

  • Leading Lawyers, 2012-2018