Iselin, NJ 08830
AT A GLANCE
Year founded: 1914
Number of attorneys: 97
Number of attorneys involved in commercial real estate in New Jersey: 20
Areas of expertise in real estate: Acquisitions & sales; leasing; environmental risk; project financing; economic incentives; redevelopment; land use & zoning; planned real estate & community associations; public-private partnerships; downtown revitalization; transit-oriented projects; energy efficiency initiatives; commercial property tax appeals
The firm represents a wide range of local, regional and national clients who are active in New Jersey’s real estate market. Our client base ranges from developers to REITS and private equity investors. The team also focuses on property owners, lenders, governmental entities and homeowners associations. We provide strategic counseling and related litigation support related to the acquisition, development, financing, leasing, operation and disposition of multifamily, mixed-use, commercial and industrial real estate.
ON THE HORIZON
The firm is confidently looking forward to continued growth in its real estate and redevelopment practice areas as the economy rebounds from the pandemic. In fact, we recently formed a dedicated Financial Incentives and Economic Development Practice Group in response to the enactment of the New Jersey Economic Recovery Act of 2020, which provides substantial economic incentives for property owners, developers and others that will encourage investment in real estate projects, public-private partnerships and numerous other initiatives. We are strongly positioned to assist clients in navigating and taking advantage of the many exciting opportunities created by this transformative new legislation.
Our team represented a property owner in a very complex lease transaction with a Fortune 500 company that involved the construction by our client of an approximately 420,000-square-foot build-to-suit building, subject to a 20-year lease. The transaction was noteworthy in that it involved complex negotiation of construction issues, tenant energy requirements and the construction of a large-scale rooftop solar facility by a landlord affiliate. The solar development was itself a complex deal since it required the separate negotiation of an Engineering, Procurement and Construction Agreement (EPC) with the solar facility developer, a Power Purchase Agreement (PPA) with the tenant and coordination with the owner’s mortgage lender. Critical time deadlines needed to be met prior to revision of the New Jersey solar incentive program criteria.