Less than a year after opening an office in Jersey City, Sabre Real Estate Group has acquired competitor, Anderson Realty Services LLC of Bayonne, NJ.
Sabre, based in Garden City, New York, said Anderson has a team of four brokers led by 40-year industry veteran, Lawrence Anderson. Terms were not disclosed. Anderson Joined Sabre as executive vice president.
“We’re extremely excited about this acquisition. We’ve been working hard to expand our New Jersey business based on its similarities to Long Island where we dominate,” said Jayson Siano, managing principal of Sabre.
Sabre, which has been operating in New Jersey for about two years, planted its flag in the Garden State in September 2014 when it opened an office at 30 Journal Square in Jersey City.
Now, with the addition of Anderson, Sabre employs two of New Jersey’s most experienced and respected retail brokers in the business.
The other is James Aug, who has almost three decades of retail real estate experience including more than 20 years in New Jersey and beyond.
Aug’s father Charles, of Garrick-Aug Associates, single handedly pioneered retail store leasing as a distinct entity in Manhattan. Anderson and Aug both broke into the business at Garrick Aug Associates, along with many in New York retail real estate.
Aug manages the Jersey City office, where four of Sabre’s more than 30 brokers operate; this acquisition will bring the New Jersey team to eight brokers.
Corey Gluckstal, principal of the Sabre Investment Group, said, “We are very excited to expand our capital markets and property management business through this acquisition.”