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Professional services firm PS&S is mourning the loss of Anthony J. Sartor, its former longtime chairman and CEO and a forerunner in the environmental engineering field, whose career also included decades of public service under six New Jersey governors.
Sartor, a Fairview native, died Aug. 5 at age 79, according to his obituary. His passing came nearly 50 years after he joined the small practice known as Paulus & Sokolowski, which he would go on to grow over several decades
to become a key player in the state’s commercial real estate industry and elsewhere.
“Dr. Sartor was a pioneer in the environmental engineering field and served as Co-Chairman of the Board of Paulus, Sokolowski and Sartor from 1974 to 2000,” the Warren-based firm wrote in an announcement. “More importantly, he was deeply loved by his family, friends and all employees who walked through the doors of PS&S.”
Sartor’s roots in environmental engineering predate the U.S. Environmental Protection Agency. After receiving a doctorate in 1968, he went on to form one of the
first environmental engineering departments, at Paulus and Sokolowski, and became a name partner there in 1974, according to his obituary. As co-chairman, he was one of two principals with overall responsibility for management of the firm, with special emphasis on client development, while he was the prime mover in the company’s growth from 20 to 300 people during his tenure.
The obituary also noted that National Grid, formerly KeySpan, acquired PS&S in 2000, with Sartor serving in
various leadership roles over the next nine years. He reacquired PS&S from National Grid in April 2009.
Sartor, most recently a resident
of Naples, Florida, stepped down
from his full-time leadership role at PS&S in 2015, remaining executive chairman while his son, John Sartor, took over as CEO and president.
But that followed a career that also included decades of public service: In 1992, he was appointed by Gov. Jim Florio as a commissioner for the New Jersey Sports & Exposition Authority, where he chaired the construction committee and played key roles in
the construction of the Atlantic City Convention Center, the luxury suites at Giants Stadium and athletic facilities at Rutgers University.
In 1999, Gov. Christine Todd Whitman appointed Sartor as a commissioner
of the Port Authority of New York
and New Jersey, a position to which he was reappointed in December
2001 by Gov. Donald DiFrancesco
and in December 2007 by Gov. Jon Corzine, according to his obituary. Sartor served as a member of the Operations Committee, the Committee on Governance and Ethics and the World Trade Center Redevelopment Subcommittee, which he chaired, overseeing the rebuilding of the site after the Sept. 11 attacks.
In a 2012 interview, Sartor proudly recounted responsibilities such
as selecting a master planner, negotiating with developer Larry Silverstein for control of the site and guiding the reconstruction of the transportation infrastructure around Lower Manhattan. Port Authority executive Steven Plate said at the time that Sartor had “really been the champion since day one,” helping to
Courtesy: PS&S
Anthony J. Sartor
REALESTATENJTM 7
PS&S MOURNS LOSS OF LONGTIME FIRM LEADER ANTHONY SARTOR
steer a project that included “building five Empire State Buildings, 500,000 square feet of iron retail ... and Lower Manhattan’s version of Grand Central.”
Looking ahead to the eventual completion of One World Trade Center, which came some two years later, Sartor said he would “have a tremendous sense of accomplishment, and a tremendous sense of appreciation for the people who have worked on this site. And those guys and gals deserve all the accolades in the world for doing what they’ve done in this period of time.”
BIOPHARMA HEADQUARTERS BUILDING SELLS FOR $39 MILLION
An investment manager has sold a newly renovated, 117,000-square- foot office building in Bridgewater that serves as the headquarters of a global biopharmaceutical company.
According to Newmark, which represented EQT Exeter in the
sale, Maxim Properties paid $39 million for the property at 700 Route 202/206. The deal comes four years after a long-term lease by Insmed Inc., which focuses on research and development to treat chronic lung disease and pulmonary disorders, and after an overhaul of the
building that was slated to include a revamped interior, a new main entryway and fresh landscaping.
Newmark Executive Managing Director Kevin Welsh, Managing Director Brian Schulz and Senior Transaction Manager Maria Betancourt completed the deal, while Managing Director Dan Reider acted as the team’s leasing market adviser.
“The property’s modern and highly functional design with an abundance
of natural light throughout the space was a major factor in Insmed
relocating its global
HQ to the property,” Welsh said.
Kevin Welsh
“EQT Exeter’s visionary redevelopment and successful repositioning of a vacant office building culminating
in a sale price of (more than
$325 million per square foot) is a testament to the company’s ability to create long-term value.”
In announcing the deal, Newmark noted that Insmed maintains its R&D operations just a mile away. The building’s location on Route 202/206, within one minute of the Interstate 287 interchange, provides access to the largest concentration of scientists in the country and
a broad base of amenities in Bridgewater.
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