CB Richard Ellis beefing up New Jersey retail presence.

CB Richard Ellis, New Jersey's largest commercial real estate services firm, announced a significant expansion of its New York Tri-State Retail Services Group with the appointment of seven new executives to its New Jersey operations.

In addition to these new hires, CBRE will be opening a new retail services office in Hoboken, which will be the fifth office for CBRE in the state.

"We are extremely pleased to announce these new appointments to our Retail Services Group in New Jersey," said Ray Sohmer, senior managing director of CB Richard Ellis' New Jersey operations. "At CBRE, we are committed to building on our market leadership position by continually re-investing in our services platform. These new appointments will give CBRE the widest and deepest market coverage in the state."

Alison Lewis, senior managing director of CBRE's New York Tri-State Retail Services Group, added, "These new professionals will significantly increase our retail presence throughout New Jersey, and reflect our course of strategically expanding in the retail field throughout the entire New York TriState area. We are continuously focused on strategically recruiting the best talent in the market and these new professionals will provide our expanding client base with an unrivaled depth of retail expertise and experience." The new appointments to CBRE's New Jersey Retail Services Group include James Aug and Rich Schulz, senior vice presidents, who join the firm from RS Aug Real Estate and will be based at the company's new Hoboken office. Additionally, CBRE has appointed first vice president David A. Greenman to head up its central New Jersey retail effort. Rounding out Greenman's team are Robert Molloy, vice president; Jason Pierson, associate; and James Hsu, associate, who will all be based at the company's East Brunswick office.

Both Aug and Schulz join CBRE from retail firm RS Aug Real Estate, a company they co-founded in 2006. Aug and Schulz will significantly increase CBRE's retail presence in northern New Jersey, specifically serving the state's Gold Coast marketplace.

As a principal of RS Aug, Aug oversaw daily operations, managed sales professionals and guided the strategic direction of the firm. He was responsible for the northern New Jersey rollout of Circuit City, Sears Hardware, Sears Auto and The Great Indoors. His prestigious client roster includes Macy's, New York Sports Club, Modell's, TGI Friday's, Starbucks, Saladworks and McDonald's. For over 20 years, Aug was associated with Garrick-Aug Associates Store Leasing, Inc., where he served as a salesperson, broker and CEO/president.

Previously a principal of RS Aug Real Estate, Schulz's client roster includes landlords such as Inland Real Estate, Continental Real Estate and Kamson Corporation. Schulz also served as vice president and broker of record for Fidelity Properties, LLC; as well as president of BLM Management and manager of Allaire Airport in Monmouth County, New Jersey.

Greenman has more than 18 years of specialized commercial real estate experience, and will lead the Retail Services Group in central New Jersey. He previously worked at Paramount Realty Services, Inc. Molloy will be responsible for the implementation of both landlord and tenant retail assignments, and has more than 11 years of retail leasing experience serving as an in-house retail leasing specialist and as a project manager for numerous landlord and tenant assignments.

Pierson began his real estate career in CBRE's New York office in 2005 and has worked with some of the Manhattan's largest landlords in marketing over 200,000 s/f of retail space. Prior to CBRE, Pierson specialized in sales with Sprint Nextel Corporation.

Hsu specializes in representing tenants and landlords in New Jersey, as well as Pennsylvania. Prior to joining CBRE, he served in various management roles with Jetro, the U.S.'s leading wholesale retail company. He also specializes in site selection in the restaurant and fast food industries.