Tom Consiglio and Scott Peck
By Joshua Burd
The Society of Industrial and Office Realtors has recognized Tom Consiglio and Scott Peck of Resource Realty of Northern New Jersey for their role in a major industrial lease in New York’s Orange County, including the deal in its Top 50 Industrial Transactions List of 2024.
The prestigious ranking stems from the single-tenant, 312,567-square-foot deal at 134 Neelytown Road in Montgomery, New York, where the brokers represented Brookfield Properties. That followed a marketing campaign that leveraged the SIOR network, originating in Dallas, ultimately attracting a national tenant in PrimeSource Building Products that was making its first foray into the New York and New Jersey metropolitan area.
The deal came in at No. 18 on the Top 50 Industrial Transactions List, part of an annual ranking by dollar volume that the trade association compiles, highlighting the expertise, dedication and market knowledge of the more than 4,000 SIOR members in over 50 countries.
“We are incredibly proud of Tom and Scott for this remarkable achievement,” said Greg Sabato, a principal with Parsippany-based RRNNJ. “Their inclusion in SIOR’s Top 50 Industrial Transactions List is a testament to their unwavering commitment to client success, their deep understanding of the industrial market and their ability to navigate complex transactions.”
The RRNNJ team, which also brokered the land acquisition to develop the warehouse on a speculative basis, noted that SIOR Connecticut member Arthur Ross and Frank Puskarich of Newmark represented PrimeSource Building Products. The tenant, which supplies residential and commercial construction retailers with various products for nearly every phase of construction, is using the Montgomery location as its Northeast regional hub to take advantage of the prime location at interstates 84 and 87, which allows it to service markets from Boston to Washington.
Peck added that 134 Neelytown Road is one of two land site acquisitions in the region arranged by RRNNJ on behalf of Brookfield. The developer now has more than 100 acres under construction for two buildings totaling 725,000 square feet, with RRNNJ is serving as the leasing agent for both properties.
Additionally, the brokerage team secured two additional shovel-ready, industrial-property owner’s rep assignments in Orange County, bringing the firm’s involvement in the submarket to more than 1.2 million square feet.
“This award underscores Resource Realty’s position as a leading force in the industrial property category within the Northern New Jersey/Southern New York State metro,” RRNNJ Principal Brian Wilson said. “It also highlights our nationwide reach associated with the hard-earned SIOR designation of each of our four principals.”
