Resource Realty was recently recognized by REAL ESTATE NJ magazine as one of the top leasing brokers in New Jersey. Since 1989, Resource Realty has been involved in transactions totaling more than 30 million square feet, valued at nearly $1.6 billion, including longstanding relationships like:
- The Children’s Place: 1.3 million SF since 1990
- Amscan: 1.9 million SF since 2000
- LT Apparel: Over 600,000 SF and multiple renewals in 25+ years
Highlighted in the article was a creative solution that the firm was able to provide for a long-term client:
“Resource Realty has represented Amscan, the world’s largest designer, manufacturer and distributor of decorated party goods, in deals totaling nearly 2 million square feet over the last two decades. So, when with 4 ½ years left on their lease, we learned the owners of their headquarters building were planning to sell, we immediately began working with senior management to develop a plan. Our strategy was to offer to the purchaser to extend Amscan’s lease in return for a rent reduction and allowance to renovate the two-building complex. With the long-term lease, the new owner was able to secure more favorable financing for the acquisition. The best deals are those where everyone wins.”
