-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, J/6JJxNmMV7/WNJT5+eLhNjiWPGJqAuIDTgDhki3GXWxxKX9lNCMDBVP8tkfLqva HP+dgPRQchXkepVBAaByMQ== 0000914317-08-002212.txt : 20080819 0000914317-08-002212.hdr.sgml : 20080819 20080819145726 ACCESSION NUMBER: 0000914317-08-002212 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080609 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20080819 DATE AS OF CHANGE: 20080819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY CENTRAL INDEX KEY: 0000036840 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 221697095 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25043 FILM NUMBER: 081027392 BUSINESS ADDRESS: STREET 1: 505 MAIN ST STREET 2: P O BOX 667 CITY: HACKENSACK STATE: NJ ZIP: 07602 BUSINESS PHONE: 2014886400 MAIL ADDRESS: STREET 1: P O BOX 667 STREET 2: 505 MAIN STREET CITY: HACKENSACK STATE: NJ ZIP: 07602 8-K 1 form8k-94354_freit.htm FORM 8-K form8k-94354_freit.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15 (d) of the
 
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):
 
August 13, 2008
 
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY
(Exact name of registrant as specified in charter)
 
New Jersey
000-25043
22-1697095
(State or other jurisdiction of
incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
 
 505 Main Street, Hackensack, New Jersey
07601
(Address of principal executive offices)
(Zip Code)

 
Registrant’s telephone number, including area code:  (201) 488-6400
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o
Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange  Act (17 CFR 240.13e-4 (c))

 
 
 


Item 1.01 Entry Into a Material Definitive Agreement

On August 13, 2008, Damascus Center, LLC (a 70% owned affiliate of First Real Estate Investment Trust of New Jersey (“FREIT”), and a 30% owned affiliate of Damascus 100, LLC) entered into an Agency Agreement with Hekemian Development Resources, LLC (the “Agent”).  The scope of the services related to the Agency Agreement is for the Agent to advise Damascus Center, LLC in all phases of the redevelopment project currently underway at the Damascus Shopping Center located in Damascus, Maryland. Damascus Center, LLC shall pay the Agent a fee equal to 7% of the total development costs up to $17,328,000, as may be modified. Damascus 100, LLC and Hekemian Development Resources, LLC are comprised principally of Hekemian & Co, Inc. employees, including certain members of the immediate family of Robert S. Hekemian, FREIT’s CEO and Chairman of the Board, and Robert S. Hekemian, Jr., a trustee of FREIT. Hekemian & Co, Inc. serves as the managing agent for FREIT.




FREIT is a publicly traded (over-the-counter symbol FREVS) REIT organized in 1961. It has in excess of $240 million (historical cost basis) of assets. Its portfolio of residential and commercial properties extends from Eastern Long Island to Maryland, with the largest concentration in Northern New Jersey.





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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
   
FIRST REAL ESTATE INVESTMENT
TRUST OF NEW JERSEY
  
   
(Registrant)
  
       
 
By:
/s/ Robert S. Hekemian
  
   
Robert S. Hekemian
  
   
Chairman of the Board
  
Date:  August 19, 2008

 
 
 
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