Lawyer Profile
Thomas J. Denitzio, Jr.
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Recognized Since:2009
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Recognized in:Real Estate Law
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Lawyer Page:
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Website:
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Location:Metro Corporate Campus One99 Wood Avenue SouthIselin, NJ 08830-2712
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.
Lawyer Bio
Bar Admissions:
- New Jersey, NJ - 1975
- New York, NY - 1982
Affiliations:
- Appraisal Institute Metro New Jersey Chapter - Affiliate Member
- Middlesex County Bar Association - Member and Past President; former Co-Chair, Real Estate Committee
- Mortgage Bankers Association of New Jersey - Member, Commercial Property Division
Recognized in The Best Lawyers in America for work in:
- Real Estate Law
Awards:
- Recipient of the Middlesex County Bar Association Transactional Practice Award (2014)
Firm Details
Greenbaum, Rowe, Smith & Davis LLP
http://www.greenbaumlaw.com
Headquarters
Metro Corporate Campus One
99 Wood Avenue South
Iselin, NJ 08830-2712
(732) 549.5600
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Attorney Case History
Acquisition of gasoline service station and convenience store
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
Sale and leaseback of office building
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
Sale of three industrial warehouse buildings
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.
Refinance of major warehouse property
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.
Representation of leading real estate industry group on new HQ development
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
Acquisition of commercial property and conversion
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.
Modify of $32,000,000 mortgage loan
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.
Saler of multi-tenanted commercial building
Representation of the
seller of a multi-tenanted commercial building in Red Bank for $1,725,000.
Sale of 132,000 square foot multi-tenanted industrial building
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.
Mortgage closings
Representation of a New Jersey community bank in mortgage closings on two multi-unit residential properties in Hudson County, NJ
Construction loan
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
$17 million mortgage loan transaction
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
$9 million construction/permanent mortgage financing
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
Mortgage loan closings
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
$1.4 million mortgage loan refinancing
Representation of the borrower in the $1.4 million mortgage loan refinancing of a light industrial property
$2.2 million mortgage loan refinancing
Representation of the borrowers in the $2.2 million mortgage loan refinancing of a motel and banquet facility
$825,000 acquisition
Representation of the buyer it its acquisition of a gas station for $825,000
Garden apartment tax appeal
Settlement of a real estate tax appeal reducing by 22% the assessment of a 24 unit garden apartment property
Industrial property tax appeal
Settlement of a real estate tax appeal reducing by 18% the assessment of a 24,000 square foot light industrial property
High-rise tax appeal
Settlement of a real estate tax appeal reducing by 46% the assessment of a 280 unit high-rise residential building
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