Paul Sangillo Successfully Negotiates Lease Agreement in West New York BOE's Acquisition

February 20, 2013

The West New York School Board of Education recently acquired St. Joseph of the Palisades High School from the New Jersey Schools Development Authority. The new building will be utilized by the school district's 850 freshmen and sophomores and will alleviate major overcrowding at Memorial High School.

The New Jersey Schools Development Authority purchased the property from the Church of Saint Joseph of the Palisades for $12,000,000 on December 28, 2012. Immediately thereafter, the West New York Board of Education acquired title to the property for $1. The 127,113 square-foot facility was a former Catholic High School and includes 35 classrooms, a cafeteria, kitchen and auditorium/gymnasium.

This deal would not have been possible without the successful negotiation of a lease agreement between the West New York Board of Education and the Church of St. Joseph of the Palisades. Paul Sangillo, a partner at the law firm of Florio Perrucci Steinhardt & Fader represented the West New York Board of Education in connection with the lease negotiations.

"I'm really happy to have had the opportunity to help put this deal together," said Paul Sangillo, partner, Florio Perrucci Steinhart & Fader. "After the renovations are complete, this building will house some very important functions of Memorial High School, will help reduce overcrowding and will give the students of West New York a more comfortable environment in which to learn. This deal was a big win for all entities involved and most importantly for the students in the district."

St. Joseph of the Palisades was established in 1931 and managed by the Archdiocese of Newark. Due to budget shortfalls and dwindling student enrollment, the school was closed at the end of the 2008 - 2009 school year.

Click here to read the article that was published in February 3, 2013 edition of the Hudson Reporter.

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