Member Press Release

Sitar Realty Company Announces PSE&G purchases lot in Newark

Sitar Realty Company, Iselin, New Jersey announced Public Service Electric and Gas purchased a vacant lot totaling 0.0718 acres (3,126 square feet) at 327-331 Washington Street in Newark, New Jersey recently.  The purchase price was $1,000,000.  William Sitar Jr. and Brian Murphy were the salespeople in this transaction. 


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. Sitar Realty Company also has an office in Sea Girt that focuses on both commercial and residential real estate.

In 2011, Sitar Realty Company was selected to become a member of TCN Worldwide. TCN Worldwide is comprised of more than 5,000 commercial real estate professionals serving more than 200 markets worldwide. As a member of the TCN Worldwide system, Sitar Realty Company is able to provide corporate real estate services to its clients in national and international markets utilizing the best local expertise.

For more information, please visit the Sitar website at