Lowenstein congratulates client New Jersey Sports & Exposition Authority on the successful $42.5 million sale of a 718-acre tract of undeveloped land located within the Meadowlands corridor, as reported by Real Estate NJ. This sale marks the conclusion of approximately 20 years of effort to see to the closure of landfills and redevelopment of the surrounding uplands. Lowenstein aided in coordinating the wind-down and closure of four landfills and facilitating the repositioning of the land for warehouse and logistics-based redevelopment. Developers are now poised to construct a modern warehouse and distribution complex near the New Jersey Turnpike, thereby creating jobs and opportunities for this New York City suburb. Lowenstein attorneys included John S. Stolz, James Stewart, Daniel A. Suckerman, and Stacey C. Tyler.
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