Cole Schotz Represents Seller in Sale of Shopping Center for Over $70,000,000

Cole Schotz P.C. advised a prominent New Jersey based commercial property owner and developer in connection with an off-market sale of a retail shopping center in Middlesex County, New Jersey for over $70,000,000. The center contains over 370,000 square feet of tenant space, occupied by many “brand name” national and regional tenants.

The representation has included the creation and administration of an online due diligence document database containing hundreds of files for bidders’ review, establishing bidding procedures for prospective purchasers, evaluating the bids received, addressing due diligence issues and closing the transaction prior to the seller’s deadline.

The Cole Schotz team consisted of members Gary M. Albrecht and Heather Demirjian, special counsel Tara Ryan, paralegal Sandra Csaposs and legal practice assistant Bridget Corbett.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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