Commercial real estate transactions on major thoroughfares require careful attention to title, environmental status, existing lease arrangements, and the full range of due diligence issues that accompany the sale of an established commercial property. When a private investor decided to sell a commercial building in a prime location on Route 18 in East Brunswick, they turned to experienced real estate counsel to guide the transaction from contract through closing.
Craig Alexander, Esq., Co-Chair of the Real Estate Practice Group at Mandelbaum Barrett PC, represented the private investor in the multi-million-dollar sale of a commercial building located on Route 18 in East Brunswick, New Jersey. The transaction reflects the work the firm’s Real Estate Practice Group handles for investors and property owners throughout the state, from initial contract negotiation through a successful closing.
Commercial Real Estate on Route 18
Route 18 is one of central New Jersey’s primary commercial corridors, running through densely developed areas in Middlesex and Monmouth counties with high traffic counts and visibility that make commercial properties along the route valuable assets. East Brunswick, located in Middlesex County, is a well-established commercial and residential community with strong regional connectivity and a broad base of commercial real estate activity.
Properties on Route 18 attract a diverse range of buyers, from owner-users looking to establish or expand a business presence to investors evaluating the long-term income potential of commercial real estate in a high-traffic location. Representing a seller in this market requires an attorney who understands both the legal dimensions of a commercial sale and the practical realities of negotiating with sophisticated buyers.
Key Elements of a Commercial Property Sale
A multi-million-dollar commercial property sale involves multiple legal workstreams that must be coordinated from contract execution to closing. These typically include:
- Negotiation and review of the purchase and sale agreement, including representations and warranties, contingencies, and closing conditions
- Title examination and resolution of any title issues or exceptions affecting the property
- Environmental due diligence review, including Phase I and, where warranted, Phase II assessments
- Review of existing leases and tenant matters, including estoppel certificates and SNDA agreements where required by the buyer’s lender
- Coordination with the buyer’s counsel, title company, and lender to satisfy all conditions and bring the transaction to a successful close
Experienced real estate counsel helps sellers navigate each of these workstreams while protecting the seller’s interests throughout the negotiation and due diligence process.
Craig Alexander and Mandelbaum Barrett PC’s Real Estate Group
Craig Alexander has extensive experience representing investors, property owners, and businesses in commercial real estate transactions throughout New Jersey, including acquisitions, dispositions, financings, and leasing. As Co-Chair of the Real Estate Practice Group at Mandelbaum Barrett PC, he brings a depth of experience to commercial property transactions that serves clients well from the first contract negotiation through closing.
The firm’s Real Estate Practice Group includes attorneys with experience across the full range of commercial real estate matters. Whether a client is buying, selling, financing, or leasing commercial property in New Jersey, the group provides skilled legal representation throughout the transaction.
Real Estate at Mandelbaum Barrett PC
Mandelbaum Barrett PC’s Real Estate Practice Group has represented buyers, sellers, investors, landlords, tenants, and lenders in commercial real estate transactions throughout New Jersey and beyond. The group’s attorneys understand the legal, business, and practical dimensions of commercial real estate and work to achieve successful outcomes for clients across a wide range of property types and transaction structures.
To speak with a member of Mandelbaum Barrett PC’s Real Estate Practice Group about a commercial real estate matter, contact the firm through the contact page. Our attorneys are prepared to assist with commercial real estate transactions throughout New Jersey.
These stories are successful case results from our attorneys. Please note that results may vary depending on your particular facts and legal circumstances.