Firm Represents Brandywine in $20 Million Jersey City Municipal Hall Annex Project

On July 19th, the City of Jersey City broke ground on its brand new Municipal Annex Building, a $20 million state of the art facility that will allow the City to consolidate many of its offices into one centralized location in the Martin Luther King HUB redevelopment area.

Firm partners Paul Fader, Craig Bossong and Seth Tipton represented developer Brandywine Financial Services in this transaction and the land use approval process. The Municipal Annex Project is a unique legal and financing public private partnership.

JC_municpal_annex_rendering.jpg

Brandywine secured the land, provided the financing, and will handle all construction for the City. In turn, the City will make lease payments and at the end of the 25 year lease term Brandywine will turn over the Municipal Annex Building to Jersey City for $1. The City’s lease payments for this brand new state-of-the-art building will be less than the rent the City is now paying to private property owners for the same space.

“This was a win-win for both the city of Jersey City and Brandywine and we would not have been able to put this project together without Paul Fader, Seth Tipton, and Craig Bossong of Florio Perrucci Steinhardt & Fader,” said Bruce Moore, CEO of Brandywine Financial Services.

At the groundbreaking ceremony Mayor Fulop said the building was “nothing short of transformational.” Fulop called it the single largest investment in Ward F’s history.  "It will lead to coffee shops and pizzerias and economic activity throughout this area, which benefits everybody. Today is a really significant day not only for Ward F but for all of Jersey City. And we want to thank Brandywine and Paul Fader for helping us with this project,” said Fulop.

Local shops and eateries will benefit as more than 200 employees will report to the Municipal Annex Building on weekdays and some on weekends. The building will also be home to many City offices which require visits from the public. There will be City Police presence at the building to maintain the public safety.

Click here to read the Jersey Journal article on NJ.com.

Brandywine_MLK_cropped.jpg

Do you like this post?
Phillipsburg Office

235 Broubalow Way
Phillipsburg, NJ 08865
t: (908) 454-8300
f: (908) 454-5827

Get Directions

Rochelle Park Office

218 Rt. 17 North
Suite 410
Rochelle Park, NJ 07662
t: (201) 843-5858
f: (201) 843-5877
Get Directions

Cherry Hill Office

1010 Kings Hwy South
Building 2
Cherry Hill, NJ 08034
t: (856) 853-5530
f: (856) 354-8318
Get Directions

Bethlehem Office

60 West Broad Street
Suite 102
Bethlehem, PA 18018
t: (610) 691-7900
f: (610) 691-0841
Get Directions

New York Office

80 Wall Street
Suite 815
New York, NY 10005
t: (212) 792- 9070
f: (908) 454-5827
Get Directions

Harrisburg Office

221 Pine Street
Harrisburg, PA 17113
t: (717) 963-3182
f: (717) 963-3621

Get Directions