By Joshua Burd
CBRE Group Inc. has promoted one of its longtime brokers and office market experts to co-leader of its capital markets group in New Jersey, the real estate services firm announced.
Jeremy Neuer takes over the position after 18 years in the commercial real estate industry, joining CBRE Vice Chairman Jeffrey Dunne. Neuer, a senior vice president who joined the firm in 2011, will use his new role to focus on office and industrial sales throughout New Jersey.
CBRE touted his knowledge of New Jersey office assets and ownership. In a news release, the firm said Neuer has handled some of the state’s most prominent leasing agencies and currently represents nearly 5 million square feet of landlord agencies, including Two Tower Center in East Brunswick, plus 379, 399 and 499 Thornall St. in Edison and River Center in Red Bank.
“Our team is very excited for the next chapter in New Jersey, and we look forward to working with Jeremy to grow our business beyond our previous heights,” Dunne said. “His knowledge of the market and how technology is changing our business — as well as his understanding of how value is created and enhanced — makes him both a unique and a natural fit for our team as we move forward.”
Neuer represented KABR in the sale of 200 Route 9 North in Manalapan and the acquisition of 3 and 5 ADP Blvd. in Roseland, the news release said. He has also collaborated in other recent transactions handled by CBRE, including the $115 million sale of 500 Plaza Drive in Secaucus.
As a tenant representative, Neuer has completed transactions for companies such as AIG, Time Inc., Sony Music, Telcordia, iCIMS and WorkWave. Neuer is also an active blogger on topics including commercial real estate technology.
“Jeremy’s experience with respect to the workplace — how buildings need to adapt to meet the needs of modern occupiers — gives him a distinct perspective to drive asset value and provide comprehensive advisory to owners and investors,” said Jeffrey Hipschman, senior managing director with CBRE.
The capital markets team will also include the newly hired Stuart McKenzie, who will serve as a financial analyst. McKenzie most recently spent two years in the appraisal group at CBRE.