Page 21 - Issue 45 Sept2020
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                  REALESTATENJTM 19
    it, to be honest with you,” David Sanzari said. He noted that the firm tripled its headcount at the time — adding personnel in construction, accounting, property management and elsewhere — for a total of about 50 employees.
The longtime developer, which has held on to virtually every property it has built, now has a portfolio that includes 5 million square feet of commercial space, 470 apartments and 700 hotel rooms. Its most recent additions include the Alfred N. Sanzari Medical Arts Building, an 84,000-square-foot building in Hackensack that serves as a tribute to its founder, and a 350-room dual- branded Hampton Inn & Suites and Homewood Suites at Glenpointe.
In recent months, when it might otherwise be celebrating its 75th anniversary, the firm has turned its attention to guiding its buildings
and its tenants through the ongoing health and economic crisis. That has entailed not only responding to tenant needs, but adapting when it came to property management, operations and other facets of the business.
“Obviously this is not ideal for us,” said Ryan Sanzari, who joined the firm in 2011. “We are a company who relies on face-to-face interaction and personal touch and service when it comes to our tenants. And you just can’t recreate that, even over Zoom or any sort of video calls.
“So there’s that side of it, which, in my opinion, will never change, but I have to say I’m very proud of our whole team. Our management never stopped. They literally didn’t miss one day.”
The firm also “came up with plans
to help all the tenants that needed help,” David Sanzari said. That meant
A BRIEF HISTORY
As the story goes, after serving in World War II, a young Alfred N. Sanzari returned to northern New Jersey in 1945 and started his own sheet metal subcontracting business with the help of a
former boss. He would become
a full-fledged homebuilder in
the years that followed, starting with four Cape Cods in Dumont before transitioning to luxury homes, apartment complexes and ultimately commercial properties.
Alfred Sanzari Enterprises welcomed its second generation
in 1967, when Ben Sanzari joined his father’s firm as a laborer in
the construction department, overseeing development projects before eventually rising to vice president. David Sanzari, who
had been working on job sites as
a teenager, joined his father and brother some five years later, noting that “there was nothing to think about” when it came to entering the family business.
providing rent deferrals to roughly 10 percent of its tenants, which he said was a natural step given the decades- old relationships with many of those businesses.
“I think they remember how good
a landlord is to them all along,” he said, noting that it goes both ways.
In other words, a smart landlord will look kindly upon and compromise with tenants that go decades “without missing a beat.” He pointed to a tenant such as The Print Group, which has occupied the firm’s building at 24 East Wesley St. in
He also notes that his mother, Mary Sanzari, “played an extremely important role” in the early days
as bookkeeper, secretary and “everything from A to Z” before stepping away to raise the three Sanzari boys. In the process, she hired her replacement, Mildred Cantrella, who would serve as Alfred Sanzari’s executive assistant for more than 55
years.
lasting, as they each have during their time at the helm.
“I don’t know what it’s going to be,
I don’t know how long it’s going
to take or at what point this will come,” he said. “But when the time comes, I would like to look back and know that I was part of creating something, leaving my mark in some form or another.”
As the company’s third generation and future leader, Ryan Sanzari says his top priority is rather simple — adhering to the family’s legacy of being smart, adaptable and responsive
to the market. Admittedly, he also hopes to follow in the footsteps of his grandfather and father by creating something long-
Founded in 1945 by Alfred N. Sanzari (center), Alfred Sanzari Enterprises became a multigenerational business when Ben Sanzari (right) and David Sanzari joined the firm in 1967 and 1972, respectively.
Hackensack since it was built in 1958.
“We’re very close,” Sanzari said. “It almost becomes like family, in a way.”
The Sanzari team has also taken steps to support its entire tenant roster, as it transitions its buildings to a post- COVID workplace. For instance, its operation and engineering teams have stepped up sanitization and cleaning protocols, applied self-sanitizing
film on high-usage touch points and reoriented common areas to promote social distancing. It has also updated HVAC and mechanical protocols
to exceed standards set by the
Centers for Disease Control, while limiting elevator capacity and coaching on-site security on the new building procedures.
“We’re adapting to the market, to
the environment, to what’s going
on in the world,” Ryan Sanzari said, later adding: “A lot of areas are being addressed so that level of comfortability and that level of enjoyment does not fade away, (so that) our buildings don’t go from being this great place to be every day to this environment of unease and tension.” RE
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            JIM MCGUCKIN l REGIONAL MANAGER l 250 PEHLE AVE #501, SADDLE BROOK, NJ 07663 l PHONE: (201) 742-6150 􏰯􏰧 􏰢􏰉􏰊􏰜􏰄􏰉 􏰊􏰁 􏰞􏰄􏰃􏰊􏰉􏰓 􏰬 􏰢􏰉􏰖􏰑􏰒 􏰳􏰊􏰅􏰄􏰦 􏰬 􏰴􏰵􏰪􏰨􏰶 􏰰􏰷􏰵􏰬􏰫􏰨􏰪􏰪
  􏰀􏰁􏰂􏰃􏰄􏰅 􏰇􏰈􏰉􏰊􏰋􏰌􏰈􏰊􏰋􏰍 􏰍􏰈􏰄 􏰎􏰏􏰐􏰏 􏰑􏰒􏰓 􏰔􏰑􏰒􏰑􏰓􏰑 Real Estate Investment Sales » Financing » Research » Advisory Services 􏰕􏰑􏰉􏰃􏰋􏰅􏰕􏰖􏰗􏰗􏰖􏰃􏰈􏰑􏰘􏰏􏰃􏰊􏰙
 Courtesy: Alfred Sanzari Enterprises
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