By Joshua Burd
Colliers International has added to its New Jersey leasing team with the hiring of a veteran broker and former leader of Transwestern’s office in the state.
James Postell joins the real estate services firm as an executive managing director, bringing more than 30 years of industry experience and a focus on agency leasing assignments in the office and industrial sectors. In announcing the move, Colliers touted his deep experience in repurposing and repositioning high-end office buildings to maximize tenancy and revenue, along with assignments for major clients such as American Express, International Paper and the former Schering-Plough Corp.
“Jim is one of the most well-respected brokers in New Jersey and has acted as a trusted adviser to some of the most notable organizations in the country,” said Dennis Waggner, an executive managing director with Colliers and the firm’s market leader in New Jersey. “He brings to Colliers deep relationships that he’s cultivated over years building a reputation as an industry leader and he immediately strengthens our agency leasing practice, among other business lines, across the state. We’re thrilled to have him on board.”
Postell spent 10 years with Transwestern, most recently serving as a partner and city leader for the firm’s New Jersey office. Notably, he worked opposite Colliers brokers in 2019 when he represented ownership in a 147,000-square-foot, full-building headquarters lease with Celularity, a clinical-stage therapeutics company, in Florham Park.
The firm highlighted Postell’s other past assignments, including when he relocated operations totaling 500,000 square feet for American Express after the Sept. 11 attacks, along with representing International Paper for 800,000 square feet of office space.
In addition to his emphasis on agency leasing, he will also focus on tenant representation with Colliers, the firm said. He will be based in the firm’s Parsippany office.
“Colliers has developed a reputation for having some of the most enterprising brokers in the industry as well as an environment that encourages collaboration at all levels,” Postell said. “I’m excited to join this talented team in New Jersey at a time when there is optimism in the market. As we begin to turn the corner on the pandemic and organizations reevaluate their real estate needs, there will be a lot of business that I’m confident Colliers is poised to win.”
Transwestern closed its New Jersey office in early April after a decade of operating in the state.