"This merger represents an important milestone in the 55-yearhistory of our firm," says Ken Baris, Jordan Baris' president."When National Redevelopment came on the scene some 10 years ago, Iwas instantly impressed with the creativity and tenacity thecompany showed. [The new company wants] to build on what they'vedone and develop a growing and vibrant team by combining thestrengths of Jordan Baris and National Redevelopment. Both…haveparticipated in some of the most noted transactions in Newark andwe expect that trend to increase."

The newly formed division will combine Baris' team of more than200 with National's near 20 member staff. According to the company,no layoffs are planned.

"This merger represents a unique opportunity to better servicethe emerging commercial market of Newark and grow our scope beyondour current market area," says National's Williams. "During ourdiscussions I was impressed when exposed to the cutting-edgetechnology that Baris' organization is equipped with and theexperience they offer their clients. Their extensive network willnow permit our division to provide a new level of service to ourclients."