Phyllis K. Fasel

Principal

Practice areas

Phyllis Fasel is a trusted advisor to businesses, lenders and real estate professionals who rely on her ability to anticipate issues before they arise and structure transactions that minimize risk while maximizing opportunity. Known for her clear, solutions driven approach, Phyllis delivers sophisticated counsel in commercial real estate, commercial leasing and corporate transactional matters.

Overview

Her real estate practice includes the acquisition and sale of commercial, retail, vacant and mixed use properties, along with negotiating and drafting complex commercial leases. Phyllis is especially skilled in representing lenders in commercial financing, mortgage and ground lease transactions, ensuring their interests are protected at every stage.

Beyond real estate, Phyllis advises clients on business acquisitions and divestitures, contract negotiation, risk assessment and strategic planning. Whether navigating long term initiatives or day to day operational challenges, she brings clarity, precision and a deep understanding of her clients’ business goals.

Clients rely on Phyllis for her relentless commitment to getting deals done efficiently and intelligently. She has led numerous transactions totaling hundreds of millions of dollars, crafting documentation that not only captures the parties’ intentions but strategically positions her clients for long term stability and success.

Phyllis’ excellence has been recognized across the industry. She was named an Illinois Rising Star by Super Lawyers in 2010 and has been honored as a Leading Lawyer every year since 2021.

Within Chuhak & Tecson, Phyllis is an active leader and contributor. She has served as co ombudsperson, chaired the Professional Education Committee and participated in the Quality and Associate/Law Clerk Oversight Committees, as well as the Finance Committee. She is also a founding member of the firm’s Women Helping Women program, reflecting her commitment to mentorship and community.

Credentials

Education
IIT Chicago-Kent College of Law, J.D., 2000
New York University, MPA, public policy, 1996
Boston University, B.A., 1992

Bar Admissions
Illinois, 2000

Court Admissions
U.S. District Court, Northern District of Illinois, 2000

Memberships & Associations