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22 APRIL 2022
base and professionalism were a
perfect fit for KEA Engineers and we are looking forward to his many contributions to the team.”
TWO INDUSTRIAL
BROKERS JOIN LEE &
ASSOCIATES N.J.
Lee & Associates New Jersey has bolstered its team of industrial real estate brokers with the addition
of Andrew Stypa and Daniel Badenhausen.
The industry veterans, who both join the broker-owned firm as partners, do so after more than a decade with Cushman & Wakefield. The new hires bring Lee & Associates’ New Jersey office to more than 60 professionals including agents, property managers and staff across three locations in the state, following its founding in 2009 by Brian Lynch, Rick Marchisio and Jason Lynch.
“We are thrilled to have Dan and Andrew onboard. They are an excellent fit with our company’s culture and add significant expertise to our fast-growing team,” said
Jason Lynch, a principal with Lee & Associates New Jersey. “Our team has expanded significantly, adding 13 new hires within the past 10 months, as we continue to provide high-quality, customized service to our clients and meet the growing demands of the New Jersey market.”
Stypa had been a managing director at Cushman since 2010, specializing in industrial properties, according to
Badenhausen, who also joined C&W in 2010, is a
former senior
director with
Asset Management. “Our goal is to ensure that every investment is a successful endeavor, not only for our team, but for the communities we build in. Adam will be a key player in successful project execution
and in fostering these long-lasting connections, a core principle of our mission.”
The firm noted that, at his previous firm, Triglia served on the investment committee and oversaw the execution of more than 1,000 units and
nearly $400 million in joint venture multifamily development projects.
He holds a bachelor’s in economics from the Wharton School of the University of Pennsylvania, where he played on the varsity football team for four years, and is a board member of the Michael G. Bertolino Memorial Scholarship.
BRC HIRES NEW
SALES ASSOCIATE
Bussel Realty Corp. has hired Michael Costa as a sales associate in its brokerage division.
The firm, which is based in Edison, said Costa joins its team with 15 years of real estate experience. He
MURPHY TAPS FORMER INSURANCE EXEC TO LEAD CRDA
Gov. Phil Murphy has appointed Sean M. Pattwell as executive director of the Casino Reinvestment Development Authority, a key state agency involved in guiding and funding projects in Atlantic City.
Patwell, a longtime insurance executive, assumes the role after securing unanimous approval in mid- March from the authority’s board of directors. In the role, he will lead an agency whose mission is to facilitate community-oriented redevelopment in the resort town, in part by redirecting casino tax revenue and through involvement in certain land use matters.
“Sean brings a wealth of experience to the table as the CRDA’s new executive director,” Murphy said. “He is the right person to
lead the CRDA as it plays a critical role in Atlantic City’s recovery from the economic impacts of
the COVID-19
pandemic. I
look forward to working with Sean on our administration’s efforts to attract investment to Atlantic City that will be for the benefit of the city’s residents and workers.
“I am also grateful for the contributions and hard work of Interim Executive Director Monica de los Rios. During this transition period, she has served the people of Atlantic City with great integrity, and the city is the better for her contributions to it.”
Pattwell spent decades in the U.S. and international insurance industry, serving as the co-CEO of Herbert L. Jamison & Co. and as the founding chairman of Grosvenor Brokers in London, the governor’s office said. The state also cited his extensive background in the areas of directors and officers liability insurance and professional liability for major law and accounting firms.
Prior to his work as an insurance broker, Pattwell was an officer of Chubb & Son Inc. and held senior executive positions with American International Group.
“I would like to thank Governor Murphy, his executive leadership team and the staff at the New Jersey
the firm and
specializes
in industrial
facilities,
land sites and
development
projects in
addition to office requirements, the news release said. He is also a former vice president at Sitar.
Previously, Badenhausen spent
18 years focused on investment banking at Ryan Beck, CIBC Capital Markets and The Jefferies Cos., Lee & Associates said.
“The Lee & Associates New Jersey team provides brokers several entrepreneurial opportunities within the Garden State commercial real estate market,” Badenhausen said. “Lee & Associates exemplifies best- in-class thought leaders within the industry and I am looking forward to collaborating with their esteemed and diverse group of talent.”
REYNOLDS ADDS V.P.
OF ACQUISITIONS,
DEVELOPMENT
Reynolds Asset Management has hired Adam Triglia as its vice president of acquisitions and development, seeking to support its growing pipeline in and around New Jersey.
The firm, which is based in Ho- Ho-Kus, said Triglia joins its
senior leadership team to oversee investment projects over all aspects of the deal cycle, investor relations, as well as community engagement and outreach.
He most
recently was
the managing
director of a
boutique real
estate private
equity firm in
New Jersey,
which focused
on multifamily investments along the East Coast, arriving at Reynolds as it moves ahead with projects
in locations such as East Orange, Poughkeepsie, New York and Cape Coral, Florida.
“Adam’s experience in real estate private equity makes him an invaluable asset to our team,” said Lou Reynolds, CEO of Reynolds
Daniel Badenhausen
most recently worked at Realty Executives and will service BRC’s growing clientele of real estate owners and tenants, providing real estate advisory,
Sean M. Pattwell
Michael Costa
Andrew Stypa
a news release. Prior to that, he was a vice president at Sitar Realty Co.
Lee & Associates also touted
his experience guiding clients from startups
brokerage, marketing and site selection services with a focus on logistics and shipping execution in New Jersey.
“Michael is an industrial real estate broker with a focus on the highest level of customer satisfaction and service excellence,” BRC President Steve Bussel said. “Whether industrial or office real estate, Michael shows a dedication to customer service which will make our clients successful. His commitment to provide superior service is reflective of why clients return again and again to BRC for their real estate solutions.”
Costa, who will focus on the northern and central New Jersey industrial market and support BRC’s sales teams with client requirements and properties, holds a bachelor’s degree from the University of Southern California.
to Fortune 500 companies, adding that he specializes in representing tenants in complex situations, assisting customers with leasing and acquisition and disposition of industrial real estate.
“The Lee & Associates New Jersey team offers the unique opportunity
to partner with a broker-owned company with a strong, vast network of professionals,” Stypa said. “I am looking forward to continuing to grow and prosper with this team and all of our future accomplishments to come.”
Adam Triglia