The property asset involved in the transaction is located at 2115 Linwood Ave, Fort Lee, NJ, 07024. This office building spans 70,000 square feet and is situated in the Fort Lee market. The building was acquired by Cross River Bank from Mack-Cali Realty Corp. Following the purchase, Cross River Bank plans to relocate 200 employees and expand its workforce by adding over 200 jobs, primarily supported by a nearly $11 million state tax credit incentive.

Summary of transaction details:

• Property Type: Office Building
• Transaction Amount: Not specified
• Buyer: Cross River Bank
• Buyer's Representatives: Mark Trevisan - Cushman & Wakefield, David Sherman - Compass
• Previous Owner: Mack-Cali Realty Corp.
• Square Footage: 70,000

The transaction was facilitated by C&W executive managing directors David Sherman and Marc Trevisan, who represented Cross River Bank. The company had considered relocating to Orangeburg, New York, but ultimately chose to remain in Fort Lee, where it was founded. The new office space is highly visible from Interstate 95 and is located near the George Washington Bridge, enhancing its accessibility and corporate presence.