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GVA Williams weathers stagnant market in 2002. (New Jersey).

In times of economic uncertainty and a challenging business climate, GVA Williams continued to employ a unique strategy of investment in its infrastructure and expanded service lines, while recording increased results in 2002.

David Simson, president of GVA Williams, stated, "I would like to congratulate the entire team of professionals we have assembled at GVA Williams on another outstanding year of significant accomplishments and results. Our firm's talent, expanded business platform and dedication to servicing our clients' needs resulted in a remarkable year in 2002, in otherwise very challenging business conditions. We look forward to 2003 being an even better year."

GVA Williams' highlights of 2002 include:

The appointment of David Csontos as senior vice president. Csontos is regarded as one of the most accomplished and seasoned capital markets experts in the industry and was brought on board to manage the firm's capital markets group.

The appointment of Cindy J. Jacobsen as vice president of ownership services. Cindy is responsible for business development, and among her other duties, she will be growing the portfolio of property managed buildings, as well as construction management projects for GVA Williams.

New employees added to the company's roster include associate director Brian Cass, first vice president E. Robert Eisenberg, director of financial services Gary M. Tse, director of corporate services Janice Saxton, associate director James Bailey, associate director Jamie Drummond, and director of research Matthew Dolly.

Bryn Cinque, a long-time senior member of the firm's brokerage team, was also promoted to first vice president.

GVA Williams and SOS Security, Inc. formed an alliance aimed at providing corporations with enhanced building security measures. SOS operates regional and branch offices throughout the eastern United States, providing security to high profile clients. Other alliances continue to be developed as GVA Williams looks to offer the highest level of advisory services to assist clients with their business strategies.

Leasing transactions in 2002 included a 298,000 SF New York Times lease at 3001 Woodbridge Ave. in Edison, a 140,000 Reckitt Benchister lease in Parsippany, and a 70,392 SF MedPointe, Inc. lease at 265 Davidson Ave. in Franklin.

Significant sales included the two-building, 185,000 SF office complex at 100 and 200 Corporate Drive in Lebanon, a four-building flex portfolio in Fairfield, and an 88,000 SF office building at 155 Passaic Ave. in Fairfield.
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Jan 29, 2003
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