53 Cardinal Drive
Westfield, NJ 07090
www.lindabury.com
AT A GLANCE
Year founded: 1954
Number of attorneys: 50
Number of attorneys involved in commercial real estate in New Jersey: 11
Areas of expertise in real estate: Financing, Development, Land Use, Zoning, Leasing, Acquisitions and Sales, Environmental
OUR CLIENTS
Lindabury’s Commercial Real Estate practice is comprised of attorneys from many disciplines, which allows us to represent a broad spectrum of clients in the industry. We represent developers of projects for residential, commercial, institutional and industrial use including both residential and office condominiums as well as other high-density developments. Our team has significant experience at the local, county and state levels in connection with the acquisition, sale, lease, development and financing of real property. Of particular interest to many of our developer clients is our firm’s experience in the efficient procurement of development-related permits and approvals at all governmental levels pertaining to wetlands, brownfields and other environmentally sensitive sites.
We are particularly adept in project finance and are 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. We regularly represent local, regional and national lenders in commercial mortgage loan transactions, workouts and foreclosure as well as owners and investors in obtaining all types of real estate financing.
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 and Pennsylvania look to Lindabury for help achieving their desired business objectives in the most efficient and cost-effective manner possible.
TRANSACTION SPOTLIGHT
2020 remained a very active year for Lindabury’s Commercial Real Estate group notwithstanding the economic disruption and uncertainty caused by COVID-19. Several engagements worthy of highlighting include:
- Represented industrial developer in financing acquisition of building portfolios in Nashville, Tennessee, and Pensacola, Florida.
- Represented joint venture in $34 million construction/permanent mortgage loan for a new refrigerated warehouse in Newark and Elizabeth, New Jersey.
- Represented manufacturing client in purchase of 114,000 SF industrial building from a Fortune 100 company.
- Represented client in the sale of a large, tenanted, light manufacturing and warehouse facility in Northern New Jersey to a major national real estate investment firm for $12.1 million.
- Represented property owner in a sale to a redeveloper with a premium paid to our client based upon the property’s location outside the designated redevelopment area and in connection with ISRA compliance and remediation of PCB contamination which exceeded TSCA limits.
