Avison Young’s New Jersey office in Morristown — Courtesy: Avison Young
By Joshua Burd
Avison Young has named a new leader of its New Jersey team, eyeing continued growth in the region after launching its first office here more than a decade ago.
As managing director for New Jersey, Eric Stone will oversee three offices and focus on talent recruitment, client services and business development opportunities for the Toronto-based real estate services firm, according to a news release. He succeeds Jeff Heller, who established Avison Young’s presence in the market in 2012 and will remain with the Morristown-based team, with a focus on growing its occupier services practice in the region.
“Eric is a proven leader and longtime veteran of the New Jersey commercial real estate market and I’m excited to have him take on the role of managing director in New Jersey,” said Dorothy Alpert, principal and tristate president of Avison Young. “Eric has a strong reputation throughout the industry and has been a natural fit for Avison Young’s people-focused culture from the moment he joined the firm.”
Stone came to Avison Young in late 2021 as principal and regional director of real estate management services, bringing more than three decades of industry experience, the news release said. He has worked for a mix of institutional and third-party management firms, overseeing property management efforts across the Northeast region.
In his newest role, Stone will oversee and develop AY’s real estate services in New Jersey, collaborate with service line leaders and supervise day-to-day operations in a market that includes offices in Morristown, Woodbridge and Springfield.
“I’m pleased to embrace this leadership opportunity and look forward to managing and developing both real estate brokerage and real estate management operations in New Jersey,” Stone said. “This is a transformational time for growth and expansion and I’m excited to lead Avison Young’s people first culture and client-centric goals as we kick off 2023.”
Heller, principal and executive director, was at the helm for the company’s launch in New Jersey and has successfully overseen its significant growth for the past 11 years. That has included the recruitment of key brokerage and service professionals and acquisitions of multidisciplinary real estate firms.
Avison Young added that, year over year, Heller has been one of its top production performers and has been recognized as one of the firm’s Annual Circle of Excellence recipients.
“I am delighted to pass the torch to Eric, whose proven leadership experience will further advance Avison Young’s growth trajectory in New Jersey,” Heller said.
