Morgan Lewis

Related Publications

May 2014 Panelist, Urban Land Institute Technical Assistance Panel
04/28/14 Solving Legal Issues Across the Lifecycle of the Successful Real Estate Development Project, presented for the Pennsylvania Bar Institute, Philadelphia
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Related News

12/16/14 Morgan Lewis Advises Gramercy Property Trust Inc. in Closing of Common Stock Public Offering
Morgan Lewis represented Gramercy Property Trust Inc. (NYSE: GPT) in the closing of the public offering of 59,800,000 shares of the real estate investment trust’s common stock.
02/21/14 Law360 Invites Nine Morgan Lewis Partners to Serve on its 2014 Editorial Advisory Boards
Morgan Lewis is pleased to announce that nine of its partners representing a broad mix of practice areas have been selected by legal news source Law360 to serve on its 2014 Editorial Advisory Boards.
08/26/13 Self Storage Deal Size Rises As Market Strengthens, Law360
Real Estate partner Eric L. Stern is quoted.
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Photo of  Eric L. Stern

honors + affiliations

Listed, Chambers USA: America's Leading Lawyers for Business (2003–2014)

Listed, Chambers Global: The World's Leading Lawyers (2010)

Listed, The Best Lawyers in America (2006–2015)

Fellow, American College of Real Estate Lawyers

Member, Editorial Advisory Board – Real Estate, Law360

Member, Advisory Board, Samuel Zell and Robert Lurie Real Estate Center, The Wharton School, University of Pennsylvania

Member, National Association of Real Estate Investment Trusts (NAREIT)

Member, International Council of Shopping Centers

Listed, SmartCeo 2010 Legal Elite

bar admissions

  • Pennsylvania
  • Massachusetts

Court Admissions

  • U.S. Supreme Court
  • U.S. District Court for the Eastern District of Pennsylvania
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Eric L. Stern

1701 Market St.
Philadelphia, PA 19103-2921
United States
Phone: +1.215.963.5178
Fax: +1.215.963.5001

Eric L. Stern is the leader of Morgan Lewis's Real Estate Practice. Mr. Stern represents real estate investors and owners, including REITs, institutional lenders, national and regional retailers and other corporate end-users in the acquisition, financing, restructuring and disposition of office buildings, shopping centers, single-use properties, hotels, development parcels, residential subdivisions and mixed-used projects.

Mr. Stern has lectured on behalf of the American Bar Association, the International Council of Shopping Centers, CLE International, Law Seminars International, the Philadelphia Bar Association, and the Pennsylvania Bar Institute. Mr. Stern has written articles appearing in legal periodicals and business and trade publications concerning various topics in commercial leasing and subleasing, including exclusivity of use, operating covenants, structuring sublease relationships and obtaining landlord consents.

Mr. Stern is admitted to practice in Pennsylvania and Massachusetts and before the U.S. Supreme Court and the U.S. District Court for the Eastern District of Pennsylvania.

Selected Representations

  • Represented Incyte Corporation (NSQ: INCY) in the negotiation of its new 190,000 square foot headquarters lease in New Castle County, Delaware involving the repurposing of an architecturally significant structure that now houses research and development, laboratory, offices, and 500+ employees.
  • Represented a pension plan in the sale of land and negotiation of a 99-year ground lease of the Hall of States building in Washington, D.C., which generated cash proceeds of approximately $160 million for our client.
  • Represented Drexel University in completing a long-term ground lease development deal with a publicly-traded student housing REIT for the development of a new 1,300 bed, 580,000 square foot student housing facility with a new dining hall and retail components on the university's urban campus. Mr. Stern simultaneously represented the university in its acquisition of long-term control of a second 452,000 square-foot student housing facility located nearby.
  • Represented a publicly-traded provider of real estate and relocation services in its lease of a new, 270,000 square-foot, LEED Silver Certified corporate headquarters facility in New Jersey.
  • Represented a global private equity fund in a series of transactions relating to a 53-story, 1 million square foot marquee office building in Philadelphia, PA.
  • Represented a publicly-traded REIT in sale-leaseback and financing of 388 properties in 19 states aggregating approximately 14.9 million square feet in two portfolio transactions for an aggregate purchase price of $1.05 billion.
  • Represented a publicly-traded REIT in acquisition of Boston, MA 1,050,000 square-foot office tower and parking garage for $705 million.


  • Boston College Law School, 1981, J.D., With Honors
  • Brandeis University, 1978, B.A., With Honors