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Greiner-Maltz Expands to New Jersey

MOONACHIE, NJ-Long a mainstay in the New York City and Long Island industrial markets, Greiner-Maltz has opened an office here to service clients that want to expand into the Garden State.

By Maria Wood | Updated on June 05, 2009

MOONACHIE, NJ-Adding to its offices in Queens and Long Island, NY, Greiner-Maltz has opened an office here to service industrial clients that want to expand into New Jersey. Greiner-Maltz of New Jersey will be headed by principal and managing partner Raymond Musalo, who has 35 years experience in the office and industrial market in the Garden State.

Founded in 1953, the company has concentrated almost exclusively on the boroughs of New York City and Long Island. However, according to president John Maltz, those regions are running short of suitable properties for its industrial customer base. “They were starting to require more modern buildings, with 20-[foot] to 30-foot height ceilings, which we didn’t have in the Queens/Brooklyn market,” he tells GlobeSt.com. “So we were moving more of our customers into Jersey. We felt it was a natural point to expand.”

The current downturn notwithstanding, Maltz says now is a good time to launch a branch in New Jersey. “It’s a market that needs professional-level brokerage services more than it even has before,” he says. “Owners are looking for a higher grade of tenant and tenants are looking for more value-added leasing and sales transactions. We felt by bringing [Musalo] on board as well as our office systems from the New York market, it was the perfect marriage to assist New Jersey clients.”

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