49 Market Street
Morristown, NJ 07960
www.foxrothschild.com
AT A GLANCE
Number of attorneys: 140 (New Jersey); (956 firm-wide)
Number of real estate attorneys: 26 (New Jersey); (169 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, including New Jersey’s largest office lease deal and largest industrial lease deal.
Highlights included representation of:
- The Hampshire Companies in the sale of a 22-property portfolio on the East Coast to United Hampshire US REIT, a newly formed Singapore-based REIT. The portfolio consisted of 18 grocery-anchored shopping centers and four self-storage facilities across six states.
- Lincoln Equities Group in a build-to-suit lease for an 890,000-square-foot building to a Fortune 50 company in Bayonne, NJ.
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Jack Plackter 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.
- Woodmont Properties in the sale to an institutional buyer of an industrial warehouse building leased to Amazon in Long Island, NY.
- Prism Capital Partners in the sale of an approximately 260,000-square-foot office building fully leased to Ralph Lauren Corporation at ON3 Campus, Nutley, NJ.
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.
