By Joshua Burd
Weichert Commercial Brokerage Inc. has launched a new platform aimed at assisting clients seeking to invest in commercial real estate, the company announced Tuesday.
In a news release, the Morris Plains-based firm said its Weichert Commercial Brokerage Investment Division will assist investor clients with property selection, acquisition, tenant lease negotiations and sophisticated disposition strategies. As part of the launch, Weichert Commercial has hired industry veteran Larry Conway as a vice president to work exclusively with its investment clients.
Weichert said its investment division features an extensive database of investors and properties, allowing it to match buyers with the best possible opportunities, the news release said. After identifying the long-term goals of its individual investor, institutional investor and real estate investment trust clients, the firm will recommend suitable options, such as apartment, hotel, multiuse asset, office, industrial, retail and corporate headquarters properties.
“This new division of Weichert Commercial Brokerage was designed specifically to support people and companies seeking to invest in commercial real estate,” John G. Udell, president of Weichert Commercial Brokerage, said in a prepared statement. “Investors have unique needs, which we can now better address through our devoted Investment Division.
“We look forward to helping our clients identify the best real estate opportunities to maximize their investments.”
Conway joins Weichert with more than 29 years of professional experience, the news release said. Most recently, he worked at Marcus & Millichap, where he specialized in investment sales, following a period as a commodities option trader.
Conway earned a degree in economics from the University of Virginia.
“I am excited to join the Weichert Family of Companies,” Conway said. “Because of the company’s experience, dedication and innovation, Weichert Commercial remains at the forefront of a competitive industry, and I look forward to utilizing every tool available to provide my investor clients with exceptional returns.”
