May 17, 2019 Comments Off on Financial Firm Plants Flag in NJ with Buy from Mack-Cali Views: 250 New Jersey, New York News, Tri-State Area New York

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.

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