Recognition results from 312,567S Lease Deal in Montgomery, NY
Parsippany, NJ [May 14, 2025] – Tom Consiglio, SIOR, and Scott Peck, SIOR, of Resource Realty of Northern New Jersey (RRNNJ), have earned national recognition from the Society of Industrial and Office Realtors® (SIOR) for one of the largest industrial transactions of last year in North America. Their #18 ranking on SIOR’s prestigious Top-50 Industrial Transactions List of 2024 reflects the increasing demand for industrial space, particularly in markets undergoing sweeping development.
This top-deal ranking stemmed from RRNNJ’s work related to a single-tenant lease for a 312,567-square-foot industrial building located at 134 Neelytown Rd., Montgomery, NY. RRNNJ’s Consiglio and Peck, along with SIOR Connecticut member Arthur Ross, successfully brokered the transaction. The property was marketed through the SIOR network, originating in Dallas, and attracted a national tenant. This marked the company’s initial entry into the New York/New Jersey metropolitan area.
The RRNNJ team represented the landlord, Brookfield Properties, in the long-term lease agreement and brokered the land acquisition to develop the warehouse on a speculative basis. The tenant, PrimeSource Building Products, was represented by Ross and his colleague Frank Puskarich of Newmark. The company, which supplies residential and commercial construction retailers with various products for nearly every phase of construction, is using the Montgomery location as their Northeast Regional Hub to take advantage of the prime location at Interstates 84 and 87, with to service Boston to Washington.
Peck also noted this is an exciting time for new Class A industrial developments in an era where users are making a flight-to-quality. In fact, the 134 Neelytown Rd. property is one of two land-site acquisitions in the region arranged by RRNNJ on behalf of Brookfield Properties. In total, 100+ acres are under construction for two buildings totaling 725,000 SF. RRNNJ is also serving as the exclusive leasing agent for both properties.
Additionally, RRNNJ secured two additional shovel-ready, industrial-property owner’s rep assignments in Orange County, NY, bringing the firm’s involvement to 1.2+ MSF in the region.
Each spring, SIOR reveals the top 50 largest industrial and office sales and leasing transactions, ranked by dollar volume, as well as the leading industrial and office deals within individual SIOR chapters. This recognition highlights the expertise, dedication and market knowledge of those who have achieved the coveted SIOR designation. In total, SIOR has 4,000 members in over 50 countries.
“We are incredibly proud of Tom and Scott for this remarkable achievement,” said Greg Sabato, Principal. “Their inclusion in SIOR’s Top 50 Industrial Transactions List is a testament to their unwavering commitment to client success, their deep understanding of the industrial market and their ability to navigate complex transactions.”
Firm Principal Brian Wilson also added, “This award underscores Resource Realty’s position as a leading force in the industrial property category within the Northern New Jersey/Southern New York State metro. It also highlights our nationwide reach associated with the hard-earned SIOR designation of each of our four principals.”
Based in Morris County, N.J., and marking its 35th anniversary in 2025, Resource Realty of Northern New Jersey is a leading provider of commercial real estate services, offering expertise in sales, leasing and investment property acquisitions.
# # #