Newmark, JGT Agree to Merge Operations

RUTHERFORD, NJ-Newmark & Co. Real Estate of New Jersey, based here, and Woodbridge, NJ-based Jacobson, Goldfarb & Tanzman have put a new spin on New Jersey’s brokerage community with JGT’s merger into Newmark’s operations to form Newmark JGT of New Jersey LLC. The combined company will keep its Woodbridge and Rutherford operations.

Newmark is a relative newcomer to the Garden State, having been established just eight years ago. Led by Seena Stein, described by Real Estate New Jersey as the most powerful woman in New Jersey real estate, Newmark has successfully established its national platform here, becoming a key player in the commercial brokerage business.

Woodbridge, NJ-based Jacobson, Goldfarb & Tanzman, meanwhile, dates all the way back to 1920. More recently led by Stan Simon, JGT has raised its profile with such key deals as RMP’s 300,000-sf lease in Woodbridge, Comdisco’s 301,000-sf build-to-suit in Carlstadt, NJ, and Impower.com’s 110,000-sf lease in South Brunswick.