1 Main St. in Chatham — Courtesy: The Garibaldi Group
By Joshua Burd
A global market research company has leased more than 4,000 square feet in downtown Chatham, in one of four recent deals announced by The Garibaldi Group.
The firm on Wednesday touted more than 13,000 square feet in lease and sale activity by Nick Stefans, an associate vice president, including a 4,015-square-foot commitment by Metrix Lab at 1 Main St. in Chatham. Stefans represented ownership, KRE Group, while Cushman & Wakefield Managing Director Jon Williams represented the tenant.
The deal was one of two recent transactions that Stefans has completed in Chatham, where Garibaldi is headquartered. Less than a mile away, the broker in June found a second tenant for 383 Main St., inking a 2,600-square-foot deal with the law firm Irwin & Heinze P.A.
Stefans represented the landlord, Serruto Properties. The law firm plans to relocate from West Orange.
“With a noticeable push coming toward the suburbs in the form of relocations and satellite offices, it’s more important to represent these smaller spaces now more than ever,” said Jeff Garibaldi president of The Garibaldi Group. “Nick has kept his finger on the pulse in Chatham while surveying the growing markets like Jersey City and Newark. We expect him to take this momentum into 2019.”
In Jersey City, Stefans represented Mathisys Advisors in a lease at 111 Town Square Place, Garibaldi said. The startup hedge fund in May agreed to take 2,550 square feet at the LeFrak-owned building.
Garibaldi also touted a recent sale by Stefans. In May, the broker represented Manhattan Maintenance in the roughly $98-per-square-foot sale of a 3,900-square-foot industrial condo, located at 30 Sherwood Lane in Fairfield, to Melih & Tulin Uludag.
Stefans, who has been with Garibaldi for three years, also manages the portfolios of Cambrex Corp., Realogy and Suburban Propane. Previously, he worked as an OTC commodities broker for the GFI Group Inc.