On June 1, 2004, the Woodbridge law firm of Greenbaum, Rowe, Smith, Ravin, Davis & Himmel LLP represented Mack-Cali Realty Corporation, one of the largest real estate investment trusts in the country, in the acquisition of the fee interest in 30 Knightsbridge Road, Piscataway, New Jersey, a four-building 670,000+ square foot office complex, and reacquired Kemble Plaza II, Morris Township, New Jersey, a 475,100 square foot office building. Two of the four buildings at 30 Knightsbridge were leased back by the seller for a term of 10 years. The remainder of the complex was leased back on a short term basis. Kemble Plaza II was also leased back on a short term basis.
In addition, Mack-Cali assumed lease obligations for approximately 927,300 square feet of office space at five office buildings in New Jersey: 30A Vreeland Road, 30B Vreeland Road and 15 Vreeland Road, Florham Park; 290 Davidson Avenue, Somerset; 437 Ridge Road, Dayton; and Teleport I and Teleport II, Staten Island, New York. Portions of the assumed space were sublet back by the assignor and other firms from Mack-Cali.
As part of the transaction, Mack-Cali extended its lease with its existing tenant at the 387,000 square foot Kemble Plaza I in Morris Township for an additional period of time.
The transaction was negotiated on behalf of Mack-Cali Realty Corp. by Mitchell E. Hersh, its President and Chief Executive Officer.
Attorneys at Greenbaum, Rowe, Smith, Ravin, Davis & Himmel LLP assisting in this transaction were Partners Martin E. Dollinger, Steven C. Delinko, Kenneth T. Bills and Meryl A.G. Gonchar and Associate Rosemary Culcasi, together with Roger W. Thomas, Executive Vice president and General Counsel, and Daniel J. Wagner, Vice President and Senior Associate General Counsel of Mack-Cali Realty Corporation.
Greenbaum, Rowe, Smith, Ravin, Davis & Himmel LLP has offices located in Woodbridge and Roseland, New Jersey. For more information, call 732-549-5600 or visit the firm’s web site at www.greenbaumlaw.com.
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