Cole Schotz Advises V. Paulius in $90M Acquisition and Financing of Port Carteret

October 29, 2018

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Cole Schotz P.C. represented the V. Paulius family of companies in connection with the $90 million acquisition and financing of Port Carteret, an industrial complex located on the Arthur Kill in Carteret, NJ.

The transaction involved complex structuring, financing and environmental issues that were handled by a multi-department team of attorneys. Financing was provided by Acore Capital Mortgage, LP. The purchaser, formerly a joint venture owner, intends to continue to operate the 2.1 million square-feet of industrial space comprising seven buildings. The complex is located in a heavy industrial area that is zoned for office, industrial manufacturing, warehousing, research and laboratory usage.

The Cole Schotz team included members Mitchell Abrahams, Jordan Fisch, Marcie Horowitz, Steven Leipzig, Steven Saraisky and associate Samantha Epstein, along with paralegals Rosanne Cohen and Kim McEllen.

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As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.