AT A GLANCE
49 Market Street
Morristown, NJ 07960
Number of attorneys: 136 (New Jersey); (971 firm-wide)
Number of real estate attorneys: 25 (New Jersey); (170 firm-wide)
OUR CLIENTS
Our client base is comprised of institutional and non-institutional real estate developers and owners, including many of the leading local and regional developers, such as the Hampshire Companies, Prism Capital Partners, Lincoln Equities Group, Vision Real Estate Partners, Woodmont Properties, Lennar Corp. and its affiliates, MCB Real Estate LLC, Mack-Cali Realty Corp., Camber Real Estate Partners, Acadia Realty Trust, The Birch Group and Senlac Ridge Partners.
TRANSACTION SPOTLIGHT
This has been a banner year for the Fox Rothschild Real Estate Department, which received two NAIOP awards for New Jersey’s largest office and industrial lease deals of 2021.
Highlights included representation of:
- Lincoln Equities Group in the sale of a warehouse in Bayonne, NJ to an institutional buyer, and its lease to a Fortune 50 company, which was the largest sale of an industrial building in the U.S. in 2021; and in the sale of a 42-acre portion of its Hopewell, NJ campus to BeiGene, a multinational life sciences company that plans to build up to 400,000 square feet of bio-pharmaceutical manufacturing, clinical, R&D and office space.
- Prism Capital Partners in an office lease of 333,000 square feet at its ON3 Campus to global pharmaceutical giant, Eisai Co., Ltd., which relocated its North American headquarters to the Campus.
- Vision Real Estate Partners in the $150 million sale of the 315,000-square-foot Warren Corporate Center in Warren, NJ.
- Camber Real Estate Partners in the acquisition of a $91.8 million portfolio of properties in New Jersey and Pennsylvania.
OUR ADVANTAGE
Our experience enables us to quickly discern the key legal issues in a transaction. We understand how difficult it is for developers to find deals that work economically in this state’s competitive marketplace.
Lawyers must drive the momentum of a deal and do everything necessary to diligently negotiate and document agreements as quickly as possible to eliminate extraneous variables that can interfere with a closing. Partner Robert Klausner believes that in every transaction, there may be 20 to 25 issues truly worth negotiating. Typically, the business person believes only 5 to 10 issues are necessary to negotiate. A good lawyer knows how to focus discussion on additional issues without slowing the momentum of the deal.
