
WS Development buys Tice’s Corner for a reported $109.5 million
The Woodcliff Lake retail center spans 120,000 square feet. The buyer plans changes to its tenant mix and gathering spaces.

The Woodcliff Lake retail center spans 120,000 square feet. The buyer plans changes to its tenant mix and gathering spaces.

The Woodcliff Lake retail center spans 120,000 square feet. The buyer plans changes to its tenant mix and gathering spaces.

On a hypothetical $5 million loan, interest-only payments preserve about $401,000 over five years compared with 25-year amortization, but leave about $472,000 more principal due. What happens to that cash matters.

A construction permit, an inspection and permission to occupy are separate milestones. Phoenix guidance shows why owners and tenants should put each into the lease schedule and cash budget.

The partners outlined their roles in the 101-acre mixed-use project. NewQuest previously targeted September 2027 for retail storefront handovers.




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