The principals of two prominent New Jersey real estate companies have announced a joint-venture partnership providing full-service management for retail, industrial and commercial property owners in New Jersey and New York.
Andrew Abramson, of Value Companies, and Alan Goldstein, of The Goldstein Group, said their new Corestone Management will fill a void in the commercial marketplace by offering a complete package of advisory services and customized asset management.
Corestone will draw on over 100 years of combined experience in construction, operations, repair and maintenance, customer service, budgeting, demographic research and leasing to create a cutting-edge approach that blends traditional business methods with innovative techniques to effectively market and manage properties.
“We’re excited to announce this partnership and see tremendous growth potential in today’s competitive retail market,” said Abramson, President and CEO of Value Companies, a Clifton, N.J.-based property management firm and apartment owner and developer.
“Corestone Management will offer landlords and owners the advantage of an ‘in-house’ management utilizing Value’s expertise and leasing team utilizing Goldstein’s expertise that will raise the bottom line and increase the operating income of their portfolio. Our goal is to create value by analyzing and improving properties, whether it’s through repositioning, renovating existing assets, tenant relations, maintenance operations and other programs.”
“The retail and commercial sector lacks a full-service provider of leasing and asset management,” added Goldstein, chairman of The Goldstein Group, which has provided retail real estate services to landlords, national and regional chains, restaurants and local retailers for 30-plus years.
“With the high demand of landlords actively looking to outsource the management of their properties, we will now be implementing this important component to the services we provide.”