Announcement

TCN Member Spotlight: Sitar Realty Company/TCN Worldwide

 TCN Member Spotlight

 

Sitar Realty Company/TCN Worldwide

Serving Northern New Jersey

Based in Iselin, New Jersey, Sitar Realty Company/TCN Worldwide is the largest remaining privately owned commercial real estate firm in New Jersey. The firm has been in existence since 1978. Sitar Realty Company specializes in retail, office and industrial leasing and sales, property disposition, consulting, investments, property management, rent receiverships, development and property tax consulting/tax appeals. The firm has consistently represented owners, developers and corporations for some of the largest leases signed in the New Jersey metropolitan area. 

Ranking as the number one TCN Worldwide deal for this past quarter, Bill Sitar Jr., Principal at Sitar Realty Company and Treasurer of the TCN Worldwide Board of Directors, recently represented Prime Group Acquisitions, LLC in the purchase of 6,272 self-storage units across 14 locations in the Northeast.

The transaction consisted of the acquisition of 6,272 self-storage units measuring approximately 673,558 sq. ft. of industrial space with a total purchase price of $124,464,308.  Prime Group Acquisitions, LLC purchased properties in Clinton, NJ; Lindenwold, NJ; Phillipsburg, NJ; Washington, NJ; Brookfield, CT; Farmington, CT; Newington, CT; New Milford, CT; Boston, MA; Hyde Park, MA; Quakertown, MA; Somerville, MA; and South Boston, MA; and Fairless Hills, PA. 

"Our mission is to provide the finest, most professional real estate services to our clients, exceeding their expectations and delivering total satisfaction,” states William Sitar, CEO of Sitar Realty Company/TCN Worldwide.

For more information, please visit the Sitar Realty Company website at www.sitarcompany.com.

 
 In a Nutshell 
 
  • # Agents: 29
  • TCN Member Since: 2012
  • Product Types: Full service 
 Market Information
 

City/MSA: New Jersey
Market Population: 8,500,000

Office Suburban
Total SF 365,819,323
Vacant SF 13.2%
Ave Gross Rent  $25.30

 

  
IndustrialMarket-wide
Total SF 815,662,964
Vacant SF 5.60%
Ave Gross Rent $7.10

 

  
Retail  
Total SF 387,988,979
Vacant SF 5.0%
Ave Gross Rent $21.16

 

 

 


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