By Joshua Burd
Commercial real estate advisory firm IPRG has opened a new office in downtown Jersey City as it looks to expand its foothold in the northern New Jersey investment sales market.
Located at 75 Montgomery St., the space will support a team that has doubled in size in recent months with the addition of new agents and staff members. The location also enhances accessibility for clients and partners in the region, IPRG said, noting that its focus includes development sites, industrial properties and multifamily buildings across North Jersey.
“Our new office in downtown Jersey City positions us perfectly to better serve our clients and leverage the abundant opportunities in northern New Jersey,” said Yanni Marmarou, broker of record in the region. “As we continue to grow, our focus remains on delivering unparalleled service and expertise to our clients in the northern New Jersey market.”
IPRG’s activity this year has included the sale of a development site on Jersey City’s West Side, at the corner of West Side Avenue and Fisk Streets, paving the way for a project that would bring another 200 apartments to the fast-growing neighborhood. It also arranged the $12.5 million trade of 1.3 acres at 212-230 Culver Ave., where plans call for 365 apartments and commercial space.
IPRG is headquartered at 45 Broadway in Manhattan, which will continue to serve as its base of operations for the Brooklyn, Manhattan, Queens, Bronx and Harlem teams. That group now comprises more than 30 agents.
Developer buys Jersey City parcel slated for 365-unit rental project, IPRG says
