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New York & Tri-State  + New Jersey  + Office  |  May 17, 2019
Paul Bubny
By: Paul Bubny

Financial Firm Plants Flag in NJ with Buy from Mack-Cali

Cushman & Wakefield recently arranged the off-market trade of 2115 Linwood Ave. in Fort Lee, NJ. The firm’s David Sherman headed the team representing financial services firm Cross River in its purchase of the 70,000-square-foot property from Mack-Cali for an undisclosed sum.

Supported by a Grow NJ grant, Cross River will relocate 200 employees from its current Fort Lee headquarters to the new site, with plans to more than double the headcount. The company had considered a competing location in Orangeburg, NY.

“Cross River’s changing needs dictated a close look at multiple expansion solutions,” said Sherman, who spearheaded the site search and negotiation with colleague Marc Trevisan. “Ultimately, however, the company wanted to stay in Fort Lee, where it was founded and where it has thrived.”

Situated near the approach to the George Washington Bridge, 2115 Linwood is convenient to downtown Fort Lee and its retail, dining, hospitality and business services.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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