Cole Schotz P.C.

 

				Park
				
				John

John Park

Memberjpark@coleschotz.com
New Jersey Office
Court Plaza North, 25 Main Street, Hackensack, NJ 07601
T: 201-525-6211 / C: 201-723-9240 / F: 201-678-6211
Legal Practice Assistant: Susan Daly
T: 201-489-3000, ext. 5106
sdaly@coleschotz.com

OVERVIEW

W. John Park is a member in the firm's Real Estate Department. John’s practice is national in scope and encompasses a broad range of commercial real estate transactions, with a specialization in commercial and capital markets financing; restructuring commercial loans with CMBS Special Servicers; distressed loan acquisitions and opportunities; “triple-net” lease acquisitions; acquisitions and dispositions of office, retail and mixed-use properties; and landlord and tenant leasing of all commercial property types.

Recent representative transactions include:

  • Completing numerous retail leases for a major U.S. retailer within shopping centers in the U.S.A. and Canada;
  • Acquisition of a site within an industrial park and the construction on the site of a 750,000 square foot warehouse facility;
  • Lease by tenant of 750,000 square foot warehouse in an urban renewal development;
  • Restructuring a portfolio of 19 separate cross-defaulted loans, which were in default, and documenting the loan modification with the Conduit Special Servicer;
  • Closing various portfolio loans on behalf of a New York based private lender, including an eighteen property, fee and ground leased, single-tenant retail portfolio in thirteen states and an eight property retail portfolio in five states;
  • Acquiring a portfolio of seven Walgreen’s locations in three states and financing the same;
  • Representing a real estate opportunity fund in connection with the restructuring of a defaulting $110,000,000 first mortgage loan on a New York office building. The restructuring involved modifying the A-Note, B-Note, Cash Management Agreement and existing A/B Intercreditor Agreement with the REMIC holding the A-Note and which services the first mortgage, restructuring the Borrower to facilitate a mezzanine loan and entering into a mezzanine loan to fund future tenant improvement/leasing commission costs. The new mezzanine loan also involved negotiating a new Mezzanine Intercreditor Agreement with the REMIC;
  • Representing a real estate opportunity fund in connection with the purchase of a mortgage loan, secured by a 20-story office building located in New York City, from an institutional lender;
  • Completing “note-on-note” financing with a major Wall Street lender. Subsequently acquiring the fee interest in the property and converting the loan to first mortgage;
  • Acquiring a portfolio of 15 triple-net leased properties, simultaneously selling the portfolio with “Conduit” financing; and
  • Acquiring a portfolio of 8 “big-box” retail locations in a sale-leaseback transaction with a national retailer and financing the acquisition with “Conduit” financing.

John has been awarded an AV rating for his professionalism and the quality of his legal work from Martindale-Hubbell, the premier directory of legal professionals. He has also been selected by his peers for inclusion in the prestigious Best Lawyers in America in Real Estate Law, 2007-2017 and 2020. No aspect of this advertisement has been approved by the Supreme Court of New Jersey. See Award Methodology.

John earned his LL.B. (Hons) from Victoria University of Wellington, New Zealand and his J.D., from Rutgers University Law School-Newark. John holds a Master of Science in Real Estate Finance from New York University completed in 2014.



Education

Rutgers Law School- Newark, J.D., 1994Victoria University of Wellington, New Zealand, LL.B., (HONS.), 1985

Bar & Court Admissions

New Jersey, 1994New Zealand, 1985England, 1991Wales, 1991U.S. District Court, District of New Jersey, 1994New York, 1994

NEWS

News

Cove lands $750M loan for Hudson Commons

As published in: Real Estate Weekly December 4, 2019

Onyx/PCCP Joint Venture Acquires Lehigh Valley's Westgate Mall

As published in: GlobeSt October 26, 2018

Onyx, Garrison Acquire 850,000 Sq. Ft. Office Portfolio from Mack-Cali

As published in: Real Estate NJ September 13, 2017

Leo Leyva, John Park, Jordan Fisch, Jeff Schecter and Patrick Quinn represented Dino & Sons Realty Corp.

As published in: Commercial Property Executive March 29, 2017

Best Lawyers® Recognizes Thirty-Six Cole Schotz Attorneys

As published in: Best Lawyers August 18, 2014

NY REIT Snags Twitter HQ In $335M Deal

As published in: Law360 July 31, 2014

EVENTS

Recent Events

ICSC US Shopping Center Law Conference
Attorney Speaking: John ParkOctober 26, 2017
NJICLE 2011 Real Estate Conference
Attorney Speaking: John ParkApril 13, 2011

PUBLICATIONS

Publications

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