M&A Deal Summary

Veris Residential Acquires 100 Independence Mall West

On December 24, 2013, Veris Residential acquired real estate company 100 Independence Mall West for 41M USD

Acquisition Highlights
  • This is Veris Residential’s 6th transaction in the Real Estate sector.
  • This is Veris Residential’s 6th largest (disclosed) transaction.
  • This is Veris Residential’s 6th transaction in the United States.
  • This is Veris Residential’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2013-12-24
Target 100 Independence Mall West
Sector Real Estate
Buyer(s) Veris Residential
Deal Type Add-on Acquisition
Deal Value 41M USD

Target

100 Independence Mall West

Philadelphia, Pennsylvania, United States
100 Independence Mall West is a nine-story office building which features an attractive lobby with dual entrances with 390,690 Square feet.

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Buyer(S) 1

Buyer

Veris Residential

Jersey City, New Jersey, United States

website

Category Company
Sector Real Estate
Employees234
Revenue 329M USD (2021)
DESCRIPTION

Veris Residential is a owner, manager, and developer of class A real estate.The Company performs all commercial real estate leasing, management, acquisition, development and construction services on an in-house basis. Veris Residential is based in Jersey City, New Jersey.

DEAL STATS #
Overall 6 of 8
Sector (Real Estate) 6 of 8
Type (Add-on Acquisition) 4 of 6
State (Pennsylvania) 1 of 2
Country (United States) 6 of 8
Year (2013) 5 of 5
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 Riverwatch Commons and Richmond Court

New Brunswick, New Jersey, United States

Riverwatch Commons and Richmond Court a luxury properties consist of studio, one-, and two-bedroom units ranging in size from 623 to 950 square feet.

Buy $41M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-08 Andover Place

Andover,, Massachusetts, United States

Andover Place Apartments, a 220-unit, multi-family property.This luxury community consists of studio, one, two,and three-bedroom units, as well as three-bedroom duplexes.

Buy $38M
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