Insignia ranked number one among NJ brokerage firms.

According to the findings of a recent analysis of all completed office transactions 25,000 SF and greater in 2001 in the commercial real estate market in New Jersey, Insignia/ESG, Inc. has ranked as the number one real estate brokerage firm in New Jersey in 2001.

Based on the criteria of the analysis, Insignia/ESG consummated transactions in the office market totaling nearly 4.5 million SF in 2001, which was more than 600,000 SF higher than the closest competitor. In fact, Insignia/ESG registered a 19.2% market share in New Jersey, several percentage points higher than the second place firm and more than 10% higher than all other competing firms in the study. Insignia/ESG employs in excess of 70 professionals in three offices in New Jersey (Saddle Brook, East Brunswick and Princeton) and is recognized nationally as the pre-eminent real estate services company in the commercial real estate industry. In addition, Commercial Property News ranked Insignia/ESG nationally in 2002 as the. most powerful brokerage firm in the U.S.

"We are extremely pleased with the performance of our New Jersey operation," stated Joseph R. Harbert, COO, Insignia/ESG. "Our goal at Insignia/ESG is to be recognized for excellence in the commercial real estate marketplace by ranking number one in all of the top tier markets in the country. The New Jersey operation has surpassed all of our objectives based on their ability to attract the best and brightest professionals in the industry, to build a team oriented culture and to consistently generate results for the state's top landlords and tenants. We congratulate the three New Jersey offices on a job well done," Harbert concluded.

Patrick Murphy, Executive Director in charge of New Jersey Operations, Insignia/ESG; commented, "The 2001 office real estate rankings confirm Insignia/ESG's position as the leading commercial real estate services firm in New Jersey. By excelling in both office tenant and landlord representation, our outstanding team of professionals, has set a new standard of excellence in this marketplace. As a result of our platform created by Founder Edward S. Gordon, Insignia/ESG's multi-disciplined and managed brokerage approach and in-house staff of salaried consultants has set us apart from other firms and proven that the company's strategic methodology of creating real estate solutions for clients, by far, exceeds all other approaches."

Highlight's from this past year's performance by Insignia/ESG include:

* Insignia/ESG was bestowed with the New Jersey NAIOP "Deal of the Year" award for The Legal Center transaction in Newark, New Jersey.

* On behalf of developer, Hines, Insignia/ESG leased 414,600 SF to Aventis Pharmaceuticals at Bridgewater Crosing in Bridgewater, New Jersey.

* On behalf of the owner, Corporate Office Properties Trust, Insignia/ESG Buschman Partners leased the entire 220,000-SF Center Point Office Complex at Exit 8A of the New Jersey Turnpike to several companies.

* Insignia/ESG represented Organon Inc. in the purchase of 56 Livingston Ave., totaling 443,000 SF in Roseland, New Jersey.

* On behalf of the owner, Wellsford Commercial Properties Trust, Insignia/ESG sold Pointview Corporate Park, totaling 575,000 SF in Wayne, New Jersey, to Toys "R" Us. Insignia/ESG also represented the purchaser, Toys "R" Us.

Insignia/ESG's New Jersey operation ranks as the leading full-service real estate firm in the state. The firm employs a highly-respected team of leasing, consulting, investment sales, property management and market research professionals. With offices in Saddle Brook, East Brunswick and Princeton, New Jersey, Insignia/ESG New Jersey provides comprehensive market coverage servicing a who's who of Corporate America and he real estate industry.

Insignia/ESG's New Jersey operation ranks as the leading full-service real estate firm in the state. The firm employs a highly-respected team of leasing, consulting, investment sales, property management and market research professionals. With offices in Saddle Brook, East Brunswick and Princeton, New Jersey, Insignia/ESG New Jersey provides comprehensive market coverage servicing a who's who of Corporate America and the real estate industry.

Insignia/ESG is one of the largest commercial real estate services providers in the United States, with comprehensive brokerage, consulting, property management, fee development, investment sales and debt placement operations. The company operates in top US. markets, including New York, Chicago, Los Angeles, Boston, Philadelphia, Atlanta, Miami, San Francisco, Dallas, Phoenix and Washington, D.C. Nationally, Insignia/ESG provides services for a property portfolio spanning approximately 280 million square feet. Insignia/ESG also delivers advanced commercial real estate services in the United Kingdom through Insignia Richard Ellis, and in France through Insignia Bourdais, as well as through other Insignia subsidiaries in Europe, Asia and Latin America. Insignia/ESG is a subsidiary of Insignia Financial Group, Inc., a publicly traded real estate company listed on the New York Stock Exchange under the symbol IFS.

For more information on Insignia/ESG, contact Patrick Murphy, Executive Director in charge of New Jersey Operations, at the firm's Saddle Brook, New Jersey office at 201-712-5600.