Alicia B. Clark


Alicia B. Clark leads the firm's Western Real Estate Finance team and co-leads the firm's Insurance Company and Institutional Investments and Distressed Office Buildings teams.  She practices general real estate law, with a focus on financing, leasing, acquisitions, and dispositions. Alicia has substantial experience representing lenders and borrowers in acquisition loans, construction loans, permanent financing, and bridge loans. She also represents lenders, servicers, and investors in connection with workouts and foreclosures. Alicia regularly represents institutional owners in commercial leasing of industrial, office, and retail properties, as well as various data center and industrial tenants in their leasing activities across the country.


Representative Matters

  • Represented a large life insurance company in connection with a $350 million financing of a Class A retail center in Waikiki, Hawaii, of more than 300,000 square feet with high-end tenants that included Tiffany and Company, Hermes of Paris and Salvatore Ferragamo. This transaction was highly complex due to the ground lease structure of the property and was closed in an expedited time frame.
  • Represented the purchaser of a Southeast Denver area office building leased by a single tenant, which included negotiation of a purchase and sale agreement and related documents and extensive negotiations with the tenant related to deferred maintenance of premises and drawdown of letter of credit held as security deposit
  • Represented the owner of a Southeast Denver area office building in connection with negotiation of a lease of more than 150,000 square feet to a health care industry tenant; the lease included significant tenant improvements and allowance, expansion rights, early termination right, rights of first offer and refusal, and other heavily negotiated provisions

Professional Highlights

Professional Activities

American Bar Association

Colorado Bar Association

Denver Bar Association

Recognition & Accomplishments

The Best Lawyers in America, Real Estate Law, (Denver) 2023, 2024

Chambers USA, Real Estate (Colorado), 2020-2024

Legal 500, Real Estate - Real Estate Finance, 2024

Speaking Engagements

Moderator, “ESG in Commercial Real Estate Development,” a Ballard Spahr and the Environmental Law Institute CLE, October 19, 2022

“Staying Ahead of the Curve on Environmental, Social and Governance (ESG) Issues,” a Colorado Bar Association CLE, July 16, 2022

“Top Ten Mistakes in Real Estate Transactions,” a Colorado Bar Association CLE, March 7, 2019

"Current Trends in Real Estate Opinion Practice," a Colorado Bar Association CLE, October 16, 2015


"Distressed office owners face challenges, opportunities," Colorado Real Estate Journal, July/August 2023

Co-author, "Build a Better Boat: Women in Law: 47/44/20," Law Week Colorado, May 9, 2016 

"Medical Office Leases: Key Considerations for Negotiations and Compromise," BOMA Magazine, July/August 2015

"Sale Complete For Familiar Site," Law Week Colorado, November 17, 2014

"Data Center Leases: Critical Industry-Specific Provisions Protect Tenants," Colorado Real Estate Journal, August 20, 2013



University of Colorado Law School (J.D. 1995)
Production Editor, University of Colorado Law Review; Member, Order of the Coif

Rutgers University (B.A. 1991)