Mr. Bills represents owners, developers, tenants and financial institutions in real estate transactions. His knowledge in real estate-based lending qualifies him to represent both financial institutions and property owners. He has substantial experience in the negotiation and preparation of commercial leases. Mr. Bills protects the interests of owners and developers of real estate, including the negotiation of sales and purchases, identification and resolution of title problems, the obtaining of land use, environmental and other governmental permits and approvals, and the preparation of contracts with design professionals and contractors.
Portfolio sale of industrial real estate
Mr. Bills played a key role in one of the largest portfolio sales of industrial real estate to be completed in New Jersey in several years as a member of the firm’s real estate team representing affiliated entities of Avidan Management LLC as the sellers of approximately 2.6 million square feet of office and warehouse space located in South Brunswick, Edison, Elizabeth and Bayonne. The high-value transaction, which closed in late August 2012, involved the acquisition of a nine-building portfolio of properties, including office, light industrial, cold storage and bulk distribution space, by Cohen Asset Management Inc., an industrial and commercial real estate investment firm. The firm's team negotiated five power purchase agreements covering over 6 MWs of solar production on behalf of Avidan, a leading solar developer in the New Jersey market who has worked closely with our real estate group on a number of alternative energy projects in the past. The deal was closed in 2012. The project team was named as Finalists for the Industrial Deal of the Year by NAIOP NJ in 2013.
Joint venture — Counseled a joint venture between developer Jonathan Rose Companies and JP Morgan Chase on title and construction loan closings for a mixed use redevelopment project in South Orange, NJ. The project will consist of a 215 unit LEED certified apartment building, retail space and a 500+ space parking facility, a portion of which will be available for public use. The firm advised on the transfer of property to our client pursuant to a Redevelopment Agreement previously negotiated by our team, and also negotiated a $38,500,000 million construction mortgage loan for the project. The deal represents a major milestone for the project and a significant step forward for South Orange’s downtown redevelopment.