AT A GLANCE
53 Cardinal Drive
Westfield, NJ 07090
Year founded: 1954
Number of real estate attorneys: 10
Areas of expertise in real estate: Financing, Development, Land Use, Zoning, Leasing, Acquisition and Sales
OUR CLIENTS
In its well-established, regional Commercial Real Estate practice, Lindabury represents developers, owners, users and financers of industrial, office, retail and residential property, including commercial and residential condominiums and other high-density developments. The firm routinely handles sophisticated transactions involving the purchase, sale, leasing, subleasing and financing of commercial and industrial property throughout the Mid-Atlantic region. We have particular expertise in the development, financing, management and leasing of warehouse facilities in logistics hubs.
We are adept in project finance and well-versed in the complexities of developing structured finance solutions with lenders and borrowers seeking to acquire, construct, develop or refinance commercial, residential and mixed-use properties.
The firm also regularly represents national, regional and community lenders, including banks and insurance companies, in commercial mortgage transactions, workouts and foreclosures in New Jersey, New York and Pennsylvania.
OUR ADVANTAGE
Clients choose Lindabury because of our decades of experience servicing the commercial real estate industry and reputation of providing legal counsel and advice grounded in the context of business considerations. Real estate companies that develop, build, own, lease and manage commercial, industrial, office or retail properties in New Jersey, New York or Pennsylvania look to Lindabury for help achieving their desired business objectives in the most efficient and cost-effective manner possible.
TRANSACTION SPOTLIGHT
While real estate transactional activity declined in 2023 due to credit tightening by lenders and higher interest rates, Lindabury’s Commercial Real Estate Group continued to support its clients in various transactions, including the following:
- Represented developer in $34 million permanent financing of a freezer warehouse in Newark, NJ.
- Represented Trustees in $97 million sale of 7 apartment complexes (100 units) and multiple single-family homes across New Jersey and New York.
- Represented developer in $27.5 million construction loan for project in Florida.
- Represented developer in $7.1 million permanent mortgage for industrial building in Elizabeth, NJ.
- Represented seller in $3.75 million sale of residential development parcel in Manalapan, NJ.
- Represented lender in loan secured by development parcels in Cumberland, Gloucester and Monmouth counties, NJ.
- Represented investor in acquisition of commercial property in Ocean Township, NJ, and negotiation of lease extension with bank branch tenant.
- Represented health care client in negotiation of multiple office leases throughout New Jersey.
- Represented lender in mortgage of industrial building in Ulster County, NY.
