Kislak wraps 2020 with strong sales
WOODBRIDGE, NJ — The Kislak Company, Inc. reported strong investment sales and commercial sales and leasing activity in 2020 closing more than 140 transactions in New Jersey, Pennsylvania, and New York.
Kislak’s total transaction volume totaled six hundred million dollars and included the sale of more than 4,500 residential units and the sale and leasing of over 500,000 square feet of office, retail, and industrial properties.
“We had a very strong first quarter, which was followed by an almost non-existent second quarter as we all worked to understand the health and safety guidelines and implement new ways of safely conducting business while physically distanced,” said Robert Holland, president. “Thankfully, we transitioned quickly to remote operations while still productively and effectively serving our clients. The second half of the year, we were back on track ad keeping pace with the first quarter, and we ended the year strongly with sales totaling $600 million.”
Peter Wisniewski, executive vice president of Kislak’s commercial team, added, “Kislak’s team adjusted quickly to the changing demands of the market. We shifted to more user-investor and investment sales of commercial properties and had a banner year for that type of activity. However, as we entered the Summer, retail leasing became more active in our better markets to take advantage of more aggressive pricing as a result of the pandemic. In all, we completed leasing assignments for multi-tenanted properties for several of our clients.”