Teresa Metcalf Beasley

Representative Cases/Matters

Public Law 

• Played a strategic role in obtaining summary judgment for municipal utility in $188 million class action regarding alleged customer overcharges. The Court held for the municipal utility on all claims, and completely rejected the theory proposed by the plaintiffs’ counsel.
• Representation of the City of Warrensville Heights, Ohio, as its Director of Law.
• Represented company in the negotiation of a Project Labor Agreement with the building trade unions to ensure the company would meet its diversity goals.

• Bond Counsel in connection with the issuance and sale of $42MM taxable revenue parking bonds for the construction of an approximately 972-space parking garage and approximately 17,700 square feet of street-level retail and office space in Nashville, Tennessee.
• Borrower’s counsel for $15 million fiber optic conduit financing.
• Bond and borrower counsel for $88,000,000 refunding for Ohio nonprofit corporation.
• Bond counsel to Cuyahoga County in the issuance of $137,890,000 sales tax bonds.
• Placement Agent’s counsel for $103 million parking facility, including construction, real estate and private placement in Tempe, Arizona.
• Issuer’s counsel for $3.8 million senior housing facility in Trumbull County, Ohio
• Represented lender in $45 million loan to New York’s Metropolitan Transit Authority.
• Served as underwriter’s counsel in connection with a $25 million student housing facility in Augusta, Georgia.
• Served as underwriter’s counsel in connection with a $45 million student housing facility and alumni center in Jackson, Mississippi.
• Represented the City of Cleveland in connection with a U.S. Housing and Urban Development 108 Loan and Tax
• Represented the City of Cleveland in connection with a Housing and Urban Development 108 Loan, Tax Incremental Financing and other conventional lending sources in a leveraged New Markets Tax Credit and Historic Tax Credit transaction related to the redevelopment of the East Ohio Gas Company building into a mixed-used commercial development project consisting of housing, retail and parking. This is a $65 million project with multiple public and private lending sources.
• Represented the City of Cleveland as a leverage lender and a grantor of a Housing and Urban Development Brownfield Economic Development Grant (BEDI), as well as other city lending sources in a New Markets Tax Credit transaction for the development and construction of a commercial greenhouse located in the urban core of the city, a $16 million transaction.
• Served as lender’s counsel to the city of Cleveland in connection with a $30 million Housing and Urban Development loan related to financing of the Flats East Bank project, a $272 million project with more than 30 sources of financing.
• Serving as Placement Agent counsel in a $90 million bond private placement for the construction of a parking garage in Tempe, Arizona.

• Served as the lead real estate attorney representing Playhouse Square Foundation on the construction and development of its 34-story apartment tower, “The Lumen at Playhouse Square,” which consists of 318 apartments, 528 parking spaces and approximately 20,000 square feet of residential amenities.  
• Represented a utility provider in the acquisition, development and construction of a training center.
• Represented Group Plan Commission in the redevelopment of Public Square and the construction of a pedestrian and bicycle bridge, Cleveland Ohio.
• Represented Cuyahoga County Public Library in the sale and purchase of real property for construction of new library branches.Represented local housing authority in the master lease of its former headquarters as well as other transactional and real estate matters.
• Served as general counsel to a 501(c)(3) District Energy Company, which includes but is not limited to corporate governance, construction, financing, and labor and employment matters.
• Represents small business owners on various legal matters including but not limited to contracts, employment matters, intellectual property matters, litigation and construction matters.
• Incremental Financing in a leveraged New Markets Tax Credit and Historic Tax Credit transaction related to the redevelopment of the AmeriTrust building, now known as “the 9,” a $270 million project with multiple financing sources.
• Represented 501(c)(3) senior healthcare entity in connection with the construction and development of a new headquarters and training center using New Markets Tax Credits, a $12 million project.
• Represented a managed healthcare company headquartered in Long Beach, California, in connection with the acquisition of a 157,000-square-foot building in Columbus, Ohio, to serve as its headquarters for its Ohio operations, a $8.5 million purchase.
• Represented a healthcare developer in the acquisition, development and construction of a healthcare rehabilitation facility.
• Represented a large 501(c)(3) healthcare provider in connection with the acquisition, construction, development and implementation of its Vision 2010 plan, a $1 billion investment, which included the construction of five major medical facilities as well as the expansion of a number of existing facilities.

Economic Development

• Represented the City of Cleveland as lender in a combined New Markets Tax Credit and Historic Tax Credit transaction for the buildout of commercial office space, a $7 million transaction.
• Represented developer in connection with the State of Ohio Energy Loan secured by Special Assessment to be levied by the local municipality in the event of a default.