By Joshua Burd
The Stro Cos. has made two recent additions to its team to bolster its efforts in acquisitions, leasing, management and other areas.
The new hires for the Ridgewood-based firm include Zach La Motta, an associate who is active in the company’s acquisitions and leasing group as well as managing major capital projects. The firm said La Motta, a Vanderbilt University graduate, is already active in the real estate community and serves as co-chair of NAIOP New Jersey’s Developing Leaders group.
Meantime, Stro said it hired Matthew Pecoraro as director of management services for its portfolio of direct investments. Prior to joining Stro, the Penn State University graduate worked in both accounting and technology.
“We are pleased to welcome Zach and Matt to the Stro,” said Steven Millstein, the company’s founder and president. “They have already become integral parts of the company, playing a vital role in our ability to grow and service our tenants.”
The firm and Millstein also took part in an “Evening with a Legend” event hosted by NAIOP New Jersey at the founder’s home in Ridgewood. In a news release, Stro said Millstein shared his experiences and vision of the industry to a sold out group of young real estate professionals.
“I was really pleased to be a part of this great program. It’s important the commercial real estate community embraces millennials and the next generation of real estate professionals,” Millstein said. “Our industry’s leaders are aging. Developing new talent for Stro and the industry is not only a necessity, but an investment in the future.”
He added that the firm recognizes that the industry’s next generation of professionals is a smaller pool than in the past.
“At the same time the industry has grown, and the need for experienced real professionals has increased with it,” Millstein said. “We are actively cultivating bright, hardworking young people to start their careers at Stro with the intention of growing them into leadership roles.”