David Kessler concentrates his practice in commercial real estate transactions, including acquisitions, leasing, financing and sales.
Mr. Kessler represents a wide variety of commercial real estate owners, investors, developers, lenders, REITs and professional management companies of shopping centers, office buildings, industrial properties, multi-family properties, NNN properties and vacant land.
Mr. Kessler has extensive experience with purchases of notes and mortgages, loan workouts, deed-in-lieu of foreclosure transactions, title issues, 1031 exchanges and CMBS loans.
Recent Representative Transactions
Acquisitions
- Represented purchasers of multiple apartment buildings in Essex County, New Jersey
- Represented purchaser of 544,000 square foot office building in Morris County, New Jersey
- Represented purchaser of 260,000 square foot office building in Bergen County, New Jersey
- Represented purchaser of 131,000 square foot shopping center in Hunterdon County, New Jersey
- Represented purchaser of 73,000 square foot shopping center in Bergen County, New Jersey
- Represented purchaser of notes and mortgages in the face amount of $11,425,000 secured by condominiums in Jersey City, New Jersey
- Represented purchaser of apartment building in Warren County, New Jersey
- Represented purchaser of mixed-use building (restaurant/apartments) in Brooklyn, New York in 1031 exchange
Sales
- Represented seller of 108,000 square foot shopping center in Atlantic County, New Jersey
- Represented sellers of numerous multi-family apartment buildings and properties and mixed-use commercial/residential properties in Hudson County, New Jersey
- Represented sellers of industrial properties in Union County, New Jersey
- Represented seller of commercial property in Monmouth County, New Jersey
- Represented seller of vacant property in Essex County, New Jersey for outdoor parking of trucks
- Represented seller of Warren County, New Jersey property with landscaping business
- Represented sellers of 2 office buildings comprising 125,000 square feet in Suffolk County, New York
- Represented seller of Bergen County, New Jersey business, engaged in the sale, manufacture, and distribution of wholesale dairy and food products
Financing
- Represented owner in the refinancing of a 260,000 square foot office building in Bergen County, New Jersey with a $30,000,000 CMBS mortgage with mezzanine financing
- Represented joint venture in the refinancing of a 100,000 square foot office building in Dutchess County, New York with a $10,000,000 CMBS mortgage involving A and B piece financing
- Represented owner in the refinancing of a shopping center in Hunterdon County, New Jersey with a $4,600,000 mortgage
- Represented owner in refinancing of a shopping center in Hunterdon County, New Jersey with a $4,000,000 mortgage
- Represented owner in refinancing of a shopping center in Passaic County, New Jersey with a $3,700,000 mortgage
- Represented multiple owners in the refinancings of numerous multi-family properties with both Fannie Mae and local bank financing (mortgages of $3,750,000 to $11,000,000) in Ocean County, New Jersey
- Represented owner in refinancing apartment building in Bethlehem, Pennsylvania
Leasing
Shopping Centers:
Represent owners of shopping centers in negotiating numerous lease transactions for national and local retail tenants, including the following:
- Bergen County, New Jersey - J.Crew Factory, Jersey Mikes, Massage Envy, Orange Theory, Paris Baguette, SWTHZ Infrared Sauna Studio, IVX Health, restaurants, medical, physical therapy and fitness studios, beauty studios and others
- Hunterdon County, New Jersey - restaurants, fitness and pilates studios, J.Crew Factory, clothing stores, indoor golf simulation/entertainment venue, children play concepts and others
- Ocean County, New Jersey – 20,000 square foot supermarket
- Atlantic County, New Jersey – 51,000+ square foot space for retail, laboratory, office and warehouse for the compounding, packaging, labeling and digital and traditional pharmacy solutions for telemedicine and medical providers, veterinarians, manufacturers and clinical research organizations
- Dutchess County, New York - Ross Dress for Less, Inc., restaurants, laundromat, event venue, dog day care, beauty salons, cannabis store and others
- Rockland County, New York - cannabis store, family healthcare services and government offices
- Hudson County, New Jersey – restaurant, national delivery operation and others
- Essex County, New Jersey – restaurant in mixed use building
Office Buildings:
Represent owners of multiple office buildings in negotiating lease transactions with national and local tenants, including the following:
- Morris County, New Jersey – health care and pharmaceutical companies, law firms, financial services and more
- Bergen County, New Jersey - Ford Motor Company, PSE&G, medical and dental offices, health care, legal, financial and lending, real estate, construction, financial planning, accounting and engineering offices, banking and technology offices and more
- Essex County, New Jersey – health care companies, medical offices and others
- Palm Beach County, Florida – mortgage lender, medical imaging, medical offices and more
Industrial Properties:
- Represent owners of multiple industrial buildings and parks in Union County, New Jersey, Passaic County, New Jersey and Monmouth County, New Jersey in negotiating numerous industrial lease transactions, including warehouse and office operations, manufacturing, assembly, trucking, outdoor parking of trucks and containers and national landscaping companies
NNN Properties:
- Represent owners of NNN properties located in New Jersey and Pennsylvania in the purchase, leasing and sales of properties, including the following NNN tenants: 7-Eleven, WAWA, Taco Bell, Wendy’s and automotive services
Wireless Properties:
- Represent owners of buildings in the leasing rooftop facilities to wireless carriers, including the following rooftop tenants: Dish, T-Mobile USA, Inc., Omnipoint Communications, Inc., AT&T, Wireless Propco LLC and others
Brokerage Agreements:
- Negotiated numerous brokerage agreements with national and regional brokerage companies (Newmark, CBRE, C&W, JLL, Colliers, RIPCO, CR Properties Group and others) on behalf of landlords of shopping centers and office properties
Commercial Tenant Representation:
- Represent owners of Dunkin’ Donuts and Baskin BR Robbins franchises in New Jersey and New York in leasing and financing transactions and other matters, including SBA 7(a) loans for FF&E purchase and renovation purposes
- Represented tenants in leasing multiple retail spaces in New York City and Suffolk County, New York for children’s creative studio for the operation of a children’s spa, children’s salon, children’s pampering service, children’s makeover service and children’s party venue
- Represented tenants in the leasing of clothing stores in Essex County, New Jersey and Bergen County, New Jersey