Jersey City, N.J., April 15 – Cole Schotz represented Jersey City developer and property owner 350 Warren LP in connection with the sale of the former Butler Brothers Warehouse, a landmark building located in Jersey City’s Powerhouse Arts District. The 500,000-square-foot building at 350 Warren St. sold for $40 million.
Mill Creek Residential was the purchaser and will redevelop the building into high-end residential rental apartments. The closing occurred on April 9, 2014.
The Cole Schotz team that advised 350 Warren LP was led by members Leo V. Leyva, Joseph Barbiere and John S. Stewart, who were assisted by paralegal Thomas Vogel.The Cole Schotz Real Estate Group is among the largest real estate practice groups in New Jersey, with additional offices in New York City and Baltimore. The firm has been instrumental in the development of New Jersey's Gold Coast, assisting national and local developers, as well as institutional investors, including Wall Street investment banks, in developing or purchasing various residential, retail, office and mixed-use projects.
About Cole Schotz:Cole Schotz serves clients nationally throughout the United States with offices in New York, New Jersey, Delaware, Maryland and Texas. The firm represents hundreds of closely-held businesses and individuals – many for decades – as well as Fortune 500 companies.
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