Objective:
To acquire vacant land, existing buildings suitable for value-add redevelopment, and/or repositioning properties for a higher and better use within the Preferred Markets
defined below.

Property Types:
Industrial, Retail, Residential, Mixed Use, Office, Technology Uses.  We are a diversified development company that will consider all property types.

Environmental Restrictions:
None

Property Size:
10 acres to 500 acres
Minimum 2 acres for urban infill locations
Minimum 5 acres for suburban locations
Minimum 50 acres for rural locations

Transaction Size:
$3 to $75 Million

Target Markets:
Northeast United States including:
New Jersey, New York, Connecticut, Pennsylvania, Delaware, and Maryland.

Preferred Markets:
New Jersey:
Counties include: Bergen, Hudson, Morris, Essex, Passaic, Somerset, Union, Middlesex, Mercer, Burlington,
and Warren
New York:
Counties include: Rockland, Orange,
and Westchester
Pennsylvania:
Eastern counties including: Lehigh, Northhampton, Monroe, Bucks, Pike, Wayne,
and Carbon

Preferred Deal Structure:
All cash transactions with a short due diligence period or development approval period.

Capital Source:
Private capital provided by members of the Russo Family.

Qualifications:
Russo Development is a fully-integrated real estate development firm with in-house site planning, design, architecture, general contracting, site excavation, leasing, legal, and property management capabilities. During its forty (40) year history, it has completed over fifty (50) projects and seven (7) million square feet of new development.

Russo Development is one of the most active industrial landlords in New Jersey.  Our current development projects include:
50 Madison, a 116,000 square foot flex industrial building in Totowa, Passaic County;
Saw Mill Park, a 500,000 square foot industrial redevelopment project on a former landfill in Kearny, Hudson County;
Schuyler Crossing, a mixed-use project with 32,000 square feet of neighborhood retail and 250 multifamily units in Kearny, Hudson County;
Brookline Corporate Center, a 400,000 square foot technology project in Mahwah, Bergen County;
Morris Commons, a mixed-use project consisting of 198 age-restricted townhouses and 246 multifamily residential units in Rockaway, Morris County;
Meadowlands Park, a 550,000 square foot flex industrial project in Carlstadt, Bergen County; and
360 Chestnut, a 70,000 square foot executive office building in Woodcliff Lake,
Bergen County.