By Joshua Burd
Resource Realty of Northern New Jersey has tapped Greg Sabato, Brian Wilson and Scott Peck as its newest principals, expanding its leadership ranks as it eyes continued growth.
The Parsippany-based firm, which was founded in 1990 by Tom Consiglio, said the three veteran brokers will remain active on the transaction front while helping to guide its leasing and sales activities and its expanding geographic footprint. It noted that all three have the prestigious SIOR designation via the Society of Industrial and Office Realtors, a nod to their industry knowledge and market intelligence locally, regionally, nationally and globally and an affiliation that allows Resource Realty to leverage a worldwide network of more than 3,900 commercial real estate brokerage specialists.
“By welcoming Greg, Brian and Scott as principals we are recognizing their outstanding transactional achievements and market expertise, which they will harness to chart our firm’s future organic and strategic growth,” said Consiglio, a leading industrial and office broker in the market. “Collectively and as individuals, they are accomplished, high-caliber team players committed to putting our clients first while deploying a vision for advancing and strengthening our presence in the marketplace.”
Resource Realty of Northern New Jersey — which specializes in dispositions, acquisitions and leasing of office and industrial properties, as well as land development — is one of three Resource Realty branches in the state focusing on a specific New Jersey metro. Each office is independently owned and operated, with Consiglio leading the North Jersey team since establishing it in 1990.
In addition to fortifying the firm’s presence across the state’s northernmost counties for more than three decades, Consiglio is credited with expanding Resource Realty’s brokerage activities into New York State’s Rockland and Orange counties.
Sabato’s tenure at Resource Realty dates to 2007, when he joined the firm as a vice president. His recent notable deals include arranging a 187,000-square-foot, long-term industrial lease at 151 Ridgedale Ave. in East Hanover. The Westfield resident represented Best Way Trucking, a third-party logistics and warehousing service firm, in the transaction at East Hanover Commerce Park.
The firm added that Sabato also represented Phillip Jefferies Ltd., a distributor of high-end wallpaper and design services, in an 84,000-square-foot lease extension and expansion last year at 80 Passaic Ave. in Fairfield. Cohen Asset Management owns the property.
Wilson, who has 20 years of commercial real estate experience, recently closed an 87,500-square-foot industrial lease within the newly developed Bridge Point 78 Park in Phillipsburg. He represented Ten Strawberry Street, a Denver-based tabletop and home goods supplier, in the deal at 2000 Rand Ave. In other tenant-representation activity, the Succasunna resident arranged four new leases totaling 165,000 square feet across Morris County for Armstrong Relocation, one of the largest moving companies in the Northeast with a total of 32 locations throughout the region.
Peck, meantime, is a 39-year commercial real estate brokerage veteran who recently teamed with Consiglio to lease a build-to-suit development in New York’s Orange County. They represented ownership in the project, which spans more than 500,000 square feet, in the deal with Royal Wine.
Additionally, the team orchestrated the sale of two land sites with a combined 100 acres to Brookfield Properties. The real estate giant also has retained Consiglio and Peck as the leasing agents at the two buildings totaling 725,000 that are currently under construction at the site.
