AT A GLANCE
49 Market Street
Morristown, NJ 07960
Year founded: 1907
Number of real estate attorneys: 174 nationwide, 51 admitted in New Jersey
Areas of expertise in real estate: Major real estate transactions and development projects in the industrial, retail and office sectors, including leasing, acquisitions and dispositions, joint venture structuring, financing and build-to-suit.
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, Veris Residential Inc., Camber Real Estate Partners, Acadia Realty Trust, The Birch Group and GreenBarn Investment Group.
TRANSACTION SPOTLIGHT
The Fox Rothschild Real Estate Department has completed multiple noteworthy deals including representing:
- Lincoln Equities in the $67.5 million sale of a 182,000-square-foot condominium/office building in Hopewell, New Jersey to a large institution of higher education and the sale of a 42-acre portion of the Princeton West Innovation Campus in Hopewell, New Jersey to BeiGene, a multinational life sciences company with plans to build up to 400,000 square feet of manufacturing, clinical and R&D space.
MCB Real Estate in the $389 million acquisition of a multifamily residential portfolio throughout the state of Maryland.
Prism Capital Partners in the $135 million sale of a 333,000-square-foot office building at ON3 in Nutley/Clifton, New Jersey to an institutional investor.
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. Our Real Estate team believes that in every transaction, there may be 20 to 25 issues truly worth negotiating. Typically, the businessperson believes only five 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.
