PARSIPPANY, NJ—Jeffrey Furey, formerly of Cassidy Turley, has joined Transwestern's New Jersey office as managing director. The 36-year industry veteran will sell and lease industrial properties and work with Transwestern's management team to grow and develop the firm's regional industrial practice.
“Jeff's background, depth of relationships and track record will be a tremendous asset to Transwestern as we continue our expansion in the region,” says Transwestern principal James Postell. “As real estate fundamentals in the sector continue to strengthen, Jeff's leadership will be critical in our ability to continue to provide the highest level of service to our clients.”
The addition of Furey comes on the heels of the recent hire of Matthew Dolly as director of research, previously reported by GlobeSt.com, as the firm continues to grow its platform and enhance its commitment to servicing all clients.
Furey was an associate vice president at Cassidy Turley, where he sold and leased office and industrial properties in Northern and Central New Jersey for developers, private investors, public companies and private firms. Furey's prominent transactions include the sale of a 545,000-square-foot, multi-story industrial building in Jersey City and the sale of a 300,000-square-foot industrial building in East Brunswick.
“I look forward to joining Transwestern and assisting clients in identifying opportunities as the New Jersey industrial market continues to show signs of healthy leasing and improving vacancies,” says Furey.
Before his position at Cassidy Turley, Furey was vice president of leasing for DKM Properties Corp., where he developed and implemented the marketing and leasing program for Tinicum Industrial Park (a former Westinghouse plant), a 2.5 million-square-foot industrial complex in Lester, PA.
He also served as the vice president of leasing for American Enterprise Park, a 500,000-square-foot flex complex in Morris Plains, NJ, owned by Baker Properties.
Furey has a bachelor's degree in business and economics from Lafayette College and has completed numerous courses at the New York University Real Estate Institute. He previously served as president of the Industrial & Office Real Estate Brokers Association of the New York Metropolitan Area.
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