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8 NOVEMBER 2020
RED BANK FIRM HIRES VETERAN
EXEC AS CHIEF OPERATING OFFICER
to build out the First National Realty Partners platform.”
Padavano spent 25 years at what
is now Advance Realty Investors, rising to president and principal
of the Bedminster-based firm. In
a news release, FNRP touted his experience across all commercial real estate asset classes and investment platforms, ranging from family
offices to institutional joint ventures, citing his expertise in asset and property management, due diligence, insurance and risk management, asset repositioning, human resources, construction management and environmental matters.
The veteran executive has served the industry in top roles such as
many public- and private-sector stakeholders in Staten Island, particularly Borough President James Oddo, to realize the ambitious economic development goals of this project. Together,
we have helped to create more than 4,000 full-time jobs for area residents — jobs that appear to be particularly resilient despite the current climate of uncertainty.”
The complex, which is about five minutes outside New Jersey, is also home to a 975,000-square- foot Ikea fulfillment center. Matrix broke ground on the first of four speculative buildings at the site
in October 2016, seeing it as an extension of the North Jersey market and an opportunity to get closer to Brooklyn, Queens and even Long Island.
“Early indications are that it’s
chairman and chief elected officer
of Building Owners and Managers Association International, president of BOMA New Jersey and chairman of the Regional Owners Council. He holds a degree from Pennsylvania State University and certificates from Harvard University and the University of Southern Carolina, while he
has been an adjunct professor and instructor at Harvard and Columbia University.
Padavano is also an advisory board member at Morristown Medical Center and Seton Hall University’s Stillman School of Business. He holds degrees from Pennsylvania State University and Harvard University.
absolutely every bit as accepted as northern New Jersey, with added benefits to the other boroughs
and to Long Island,” Taylor told Real Estate NJ in a 2018 interview. “There’s a significant market out there.”
Staten Island provides easy access to those markets and all of New Jersey, Taylor said. The site, which was formerly home to a field of
oil tanks, was once earmarked for an 82,500-seat NASCAR racetrack that was later derailed by public backlash, paving the way for it to become an industrial parcel.
Matrix landed its first tenant at
the park in summer 2017 with an 855,000-square-foot commitment from Amazon. The Ikea transaction came soon thereafter, followed by Amazon’s second lease early this year for another 450,000 square feet.
A growing investment firm has made a major addition to its leadership team, tapping a well-known commercial real estate executive
in New Jersey as its chief operating officer.
key management role, bringing more than 30 years of experience and a deep network within the industry. The five-year-old firm touted the hire as a critical step in its growing investment, development and asset management platform, along with improving
the various functions within the enterprise.
“Having superstars in key executive roles is critical for success in any company,” said Christopher Palermo, a managing principal with the firm. “Kurt is a game-changer for us. Together we are excited to continue
 Kurt Padavano
First National Realty Partners, which is based in Red Bank, announced in mid-October that Kurt Padavano has joined the company in the
 MATRIX INKS THIRD AMAZON LEASE AT STATEN ISLAND LOGISTICS PARK
Fresh off another deal with Amazon, Matrix Development Group is hailing the lease-up of a 3.5 million- square-foot logistics park in Staten Island, where it broke ground
four years ago as it pushed the boundaries of New Jersey’s booming industrial market.
The developer, which is based
in Monroe, recently secured the 975,000-square-foot commitment from Amazon at its Matrix Global Logistics Park, according to market reports. The location at 526 Gulf Ave. will mark the e-commerce giant’s third facility at the four- building, 200-acre complex about three miles from the Goethals Bridge, where it already occupies
more than 1.3 million square feet.
Cushman & Wakefield’s Jason Goldman brokered the transaction alongside Alec Taylor, a principal with Matrix.
“It’s incredibly gratifying to see the full vision for Matrix Global
 Joseph S. Taylor
Logistics
Park — Staten Island come to fruition,” said Joseph
S. Taylor, Matrix’s CEO and president.
“We, at Matrix, also take great pride in our collaboration with the
 Matrix Global Logistics Park in Staten Island
Courtesy: Margulies Hoelzli




















































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