Jones Lang LaSalle
$2.7M Verdict Ends Hartz Mountain's Long, Uphill Battle
Hartz Mountain Industries rarely seeks partners to operate its 200-property real estate empire, and one of New Jersey's longest cases suggests that's a sound policy for all developers who want to avoid court. After 12 years of litigation, a judge has ruled that Hartz owes $2.7 million plus interest and future revenues to one of its few partners, a limited shareholder in 707 Broad St., Newark.
$2.7M Verdict Ends Hartz Mountain's Long, Uphill Battle
Hartz Mountain Industries rarely seeks partners to operate its 200-property real estate empire, and one of New Jersey's longest cases suggests that's a sound policy for all developers who want to avoid court. After 12 years of litigation, a judge has ruled that Hartz owes $2.7 million plus interest and future revenues to one of its few partners, a limited shareholder in 707 Broad St., Newark.
posted by Jones Lang LaSalle NJ News Blog at 12:27 PM
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