It is very satisfying to know that during my career I have played a part in many residential, commerical and industrial development projects affecting the lives of many people. That is exactly what I set out to do when I decided to go to law school. Attention to detail and practical advice with a focus on the client's objectives have made that possible.
Mr. Denitzio's practice focuses on the sale, acquisition, leasing and mortgage financing of commercial and industrial real estate holdings. He also represents clients in commercial property tax appeals, mortgage foreclosures and workouts, tax sale certificate foreclosures and condemnation valuation hearings.
Honors & Awards
- Recipient of the Middlesex County Bar Association Arthur H. Miller Lawyer Achievement Award (2018)
- Recipient of the Middlesex County Bar Association Transactional Practice Award (2014)
- Listed in Chambers USA - America's Leading Lawyers for Business (a publication of Chambers and Partners) in the Real Estate practice area (2006 – present)
- Listed in The Best Lawyers in America© (a trademark of Woodward/White, Inc.) in the Real Estate practice area (2009 – present)
- Listed in New Jersey Super Lawyers (a Thompson Reuters business) in the Real Estate practice area (2018)
- Martindale-Hubbell® Peer Review Rated AV® Preeminent (a trademark of Internet Brands, Inc.) (2004 – present)
A description of the standard or methodology on which the accolades are based can be found HERE. No aspect of this advertisement has been approved by the Supreme Court of New Jersey.
Representative Matters
- Representation of the seller of a 132,000 square foot multi-tenanted industrial building on six acres in northern New Jersey for $16,150,000. This complex transaction involved the seller agreeing to remediation that was in process at closing, the buyer agreeing to assume responsibility for long-term monitoring, and coordination of the seller’s cleanup efforts with the New Jersey Department of Environmental Protection, with assistance from the firm's Environmental Department.
- Representation of the seller of a multi-tenanted commercial building in Red Bank for $1,725,000.
- Representation of a regional commercial bank in modifying a $32,000,000 mortgage loan encumbering a 204-unit apartment complex in southern New Jersey to extend the term of the loan and incorporate a SWAP feature.
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Representation of the purchaser in its acquisition of a Newark, NJ commercial property and conversion of the facility into an art storage warehouse. With assistance from members of the firm’s land use and environmental groups, negotiated the purchase and sale agreement for the transaction, pursuant to which the seller obtained land use approvals for the change in use at the site. Our team guided the purchaser through the due diligence, environmental compliance and land use approvals processes, and also assisted the purchaser in the refinancing of an existing property to fund the acquisition.
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Representation of a leading real estate industry group on the development of its new headquarters location in southern NJ. The firm's broad-based work included the negotiation and structuring of a complex redevelopment agreement with the local improvement authority; advising on land use approvals, property tax abatement and other economic incentives; negotiation of agreements with the general contractor project architect; advising on the environmental remediation of the site; access and parking easements in connection with the shared use of parking facilities at the site; and closing on the site acquisition
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Advised the mortgagor on the refinance of its existing mortgage debt on a major warehouse property in Newark, NJ. The deal involved the structuring, negotiation, documentation and closing of a $14,000,000 first mortgage loan and a $3,000,000 second mortgage loan from M&T Bank, both of which are guaranteed by the mortgagor’s principal and affiliates. The proceeds were used to pay off existing mortgage debt and to fund the acquisition and renovation of a new site for the client in Newark.
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Advised the seller on the sale of three industrial warehouse buildings in Newark, with an aggregate value of $48,000,000, as part of a $76,000,000 corporate transaction in which a public company acquired both the stock in our client’s operating business and fee title to our client’s real estate. The team, assisted by our environmental group, negotiated the real estate provisions of the stock purchase agreement for the deal and separate purchase and sale agreements for each real estate asset. We guided the client through the title review, environmental review and bulk sale compliance processes, provided counsel regarding the assumption and satisfaction of certain mortgage debt, and worked successfully with the buyer’s attorney and our client’s corporate attorney and investment banker to conclude the multi-property real estate closing simultaneously with the stock purchase closing.
- Representation of a leading multinational commercial bank in the sale and leaseback of its 100,000 square foot office building in northern NJ. The bank sold its land interest and entered a lease transaction to continue operations in half the space it previously occupied
- Representation of a small business owner in its acquisition of a gasoline service station and convenience store in central NJ. The firm's work on this transaction included determining environmental compliance requirements of the operation, negotiation of a new lease on the property, and obtaining mortgage financing
- Representation of a New Jersey community bank in mortgage closings on two multi-unit residential properties in Hudson County, NJ
- Representation of a commercial bank in its $23+ million participation in an overall construction loan of $67+ million for a 120,000 square foot shopping center and multi-family development with approximately 300 rental units
- Representation of a top-tier national commercial bank in the negotiation, documentation and closing of a $17 million mortgage loan transaction to finance a New Jersey manufacturer’s acquisition of a new primary facility
- Representation of a leading New Jersey lender on the $9 million construction/permanent mortgage financing of a self-storage facility in Jersey City. Mr. Denitzio and his team handled over $65 million in real estate financing transactions for this bank in 2013
- Representation of national commercial lender on the simultaneous closing of three mortgage loans in Maryland to finance the acquisition of three commercial properties by a New Jersey based company that is expanding its reach in the mid-Atlantic region. This transaction follows the firm’s successful representation of the bank in amending this borrowers $40 million business line of credit, and demonstrates the firm’s capability to represent the New Jersey-based business groups of leading national banks
- Representation of the borrower in the $1.4 million mortgage loan refinancing of a light industrial property
- Representation of the borrowers in the $2.2 million mortgage loan refinancing of a motel and banquet facility
- Representation of the buyer it its acquisition of a gas station for $825,000
- Settlement of a real estate tax appeal reducing by 22% the assessment of a 24 unit garden apartment property
- Settlement of a real estate tax appeal reducing by 18% the assessment of a 24,000 square foot light industrial property
- Settlement of a real estate tax appeal reducing by 46% the assessment of a 280 unit high-rise residential building
Uniquely NJ
- Member, New Jersey State Bar Association
- Member and Past President, Middlesex County Bar Association; former Co-Chair, Real Estate Committee
- Member, Mortgage Bankers Association of New Jersey, Commercial Property Division
- Affiliate Member, Appraisal Institute Metro New Jersey Chapter
Presentations & Speaking Engagements
- Sponsor: Middlesex County Bar Association, February 1, 2018
- Sponsor: Middlesex County Bar Association, January 26, 2017
- Lecturer, Real Property Tax AppealsSponsor: Middlesex County Bar Association, March 3, 2016
- Sponsor: Middlesex County Bar Association, January 28, 2016
- Presenter, 10th Annual “Recent Developments in Real Estate Law”Sponsor: Middlesex County Bar Association, January 31, 2013
Publications & Alerts
- Co-Author, 2019 Commercial Property Tax AppealsGreenbaum, Rowe, Smith & Davis LLP Client Alert, January 2, 2019
- Greenbaum, Rowe, Smith & Davis LLP 2018 Real Estate Update: Trending Issues & Topics of Interest, February 2018
- Greenbaum, Rowe, Smith & Davis LLP Client Alert, February 2018
- Contributor, Real Estate Ownership: New JerseyPractical Law (Thomson Reuters), 2018
- Commerce Magazine, January 2018
- Co-Author, 2018 Commercial Property Tax AppealsGreenbaum, Rowe, Smith & Davis LLP Client Alert, December 14, 2017
- Greenbaum, Rowe, Smith & Davis LLP Client Alert, March 2017
- Co-Author, 2017 Commercial Property Tax AppealsGreenbaum, Rowe, Smith & Davis LLP Client Alert, January 2017
- Greenbaum, Rowe, Smith & Davis LLP Client Alert, March 2016
- Co-Author, 2016 Commercial Property Tax AppealsGreenbaum, Rowe, Smith & Davis LLP Client Alert, January 2016
- Greenbaum, Rowe, Smith & Davis LLP Client Alert, March 2015
- Co-Author, 2015 Commercial Property Tax AppealsGreenbaum, Rowe, Smith & Davis LLP Client Alert, February 2015
- Co-Author, 2014 Commercial Property Tax AppealsGreenbaum, Rowe, Smith & Davis LLP Client Alert, January 2014
- Co-Author, 2013 Commercial Property Tax AppealsGreenbaum, Rowe, Smith & Davis LLP Client Alert, January 2013
- Chapter 91 = Buyers BewareGreenbaum, Rowe, Smith & Davis LLP Client Alert, June 2012
- Co-Author, 2012 Commercial Property Tax AppealsGreenbaum, Rowe, Smith & Davis LLP Client Alert, February 2012
- Greenbaum, Rowe, Smith & Davis LLP Client Alert, January 2011
- Greenbaum, Rowe, Smith & Davis LLP Client Alert, January 2010
- Greenbaum, Rowe, Smith & Davis LLP Client Alert, January 2009
- Author, Mansion Tax Revised for Closings After February 1, 2005Greenbaum, Rowe, Smith & Davis Client Alert, April 2005
- Author, Are Spot Assessments Valid? The Welcome Stranger End RunGreenbaum, Rowe, Smith & Davis Client Alert, Winter 2004
- Co-Author, The New Private Well Testing ActMiddlesex Advocate, April 2003
Departments
Practice Groups
Education
Cornell University School of Law, J.D., 1975
Lafayette College, A.B., cum laude, 1972
Bar Admissions
- New Jersey, 1975
- New York, 1982
- U.S. Supreme Court, 1981
A description of the standard or methodology on which the accolades are based can be found HERE. No aspect of this advertisement has been approved by the Supreme Court of New Jersey.