The Cushman & Wakefield-orchestrated off-market trade of 2115 Linwood Ave. in Fort Lee has secured a growing financial services organization’s continued, long-term presence in New Jersey.
The commercial real estate services firm’s David Sherman, executive managing director, headed the team representing Cross River Bank in its purchase of the 70,000-square-foot, Class A property from Mack-Cali.
Supported by a Grow New Jersey grant, Cross River will relocate 200 employees from the bank’s current Fort Lee headquarters to the new site, with plans to add more than 250 new jobs.
The company initially will occupy approximately 36,447 square feet at 2115 Linwood Ave. and will take on additional space in the five-story building as its employee base grows.
Established in 2008, Cross River merges the expertise and traditional services of a bank, with the forward-thinking offerings of a technology company.
The bank makes a point of staying on the cutting edge of emerging financial technology. This focus on innovation has brought Cross River acclaim in the banking and fintech industries, including being recognized as the “Most Innovative Bank” at the LendIt Fintech Industry Awards in 2017 and 2018, as well as being named to Forbes’ 2019 list of “Most Innovative Fintech Companies.”
Situated near the approach of the George Washington Bridge, just minutes from Manhattan, 2115 Linwood Ave. is highly visible from I-95. The property is located in the heart of a corporate neighborhood, offering convenience to downtown Fort Lee and its retail, hospitality, business services and restaurants.