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Howard Properties, Ltd. Wins Largest Annual R&D Joint Transaction Award in United States by CORFAC International

04.08.2011

Annual Awards Recognize the Top Commercial Real Estate Sale and Lease Transactions
Closed by Brokerage Professionals Serving One Client in Multiple Markets


White Plains, NY (April 8, 2011) – CORFAC International, an international alliance of leading entrepreneurial and privately held commercial real estate firms, today announced the names of the organization’s leading brokerage professionals and top joint assignments during 2010. The awards recognize referrals between CORFAC brokerage professionals in which two or more brokers from different firms represented a single client and company in a completed sale or lease negotiation.

The top R&D deal by value of the transaction was awarded to Howard E. Greenberg, SIOR, of White Plains, NY-based Howard Properties, Ltd. for a 49,442-square-foot lease in West Caldwell, NJ on behalf of Alfa Wassermann Inc. Greenberg partnered on the lease transaction with The Garibaldi Group/CORFAC International, which is based in Chatham, NJ. Howard Properties is an affiliate member of CORFAC International, an association of independent real estate brokerage firms represented in more than 150 markets in the Americas and internationally.

The annual “COR$TAR Awards” were presented at CORFAC International’s recent Spring Conference in San Juan, Puerto Rico by 2011 CORFAC International President Charles Sevier, SIOR, CCIM, who is also a principal of Crump Commercial/CORFAC International in Memphis, TN. The awards include office, industrial, R&D, investment sales, retail and international sectors of commercial real estate.

U.S.-based CORFAC International covers 150 markets worldwide with over 3,000 real estate professionals in association with London-based King Sturge, Mexico City-based BDI, San Juan-based Rios Commercial, five independent Canadian firms and Panama City-based Latin American Corporate Property Services.

The top brokers who initiated and facilitated the transactions were:

Top R&D Deal by Total Lease Value
Howard E. Greenberg, SIOR of Howard Properties, Ltd./CORFAC International in White Plains, NY referred and co-brokered with James Garibaldi and Michael Witko of The Garibaldi Group/CORFAC International in Chatham, NJ, a 49,442-square-foot lease in West Caldwell, NJ on behalf of Alfa Wassermann Inc. The value of the transaction could not be disclosed.

Top Industrial Lease by Total Lease Value
James Klements, SIOR, CPA of Cleveland-based Weber Wood Medinger/CORFAC International referred and co-brokered with John Lieser of McBride Corporate Real Estate/CORFAC International in Franklin Lakes, NJ a 239,950-square foot industrial building lease in Cranbury, NJ on behalf of Invacare Corporation. The value of the transaction could not be disclosed.

Top Office Lease by Size and Value

Rob Loderstedt and Jeffrey Toia of The Garibaldi Group/CORFAC International of Chatham, NJ referred and co-brokered with Todd Payne of Goodfellow Ashmore/CORFAC International of Danbury, CT a 213,558-square-foot lease for The Prudential Insurance Company of America in Shelton, CT. The value of the transaction could not be disclosed.

Top Industrial Lease by Size
Steven Podolsky, SIOR of Podolsky Northstar CORFAC International in Chicago, IL referred and co-brokered with Treat Macdonald, SIOR of Crump Commercial/CORFAC International a 400,232-square-foot lease on behalf of New Breed Logistics in Memphis, TN.

Top R&D Deal by Size
Anton Qiu of San Francisco-based TRI Commercial/CORFAC International referred and co-brokered with Andrew Jaffe, SIOR of Commercial Properties Inc./CORFAC International in Tempe, AZ a 120,000-square-foot industrial lease in Goodyear, AZ on behalf of Suntech Power Holdings Co.

Top Investment Sale
Northern California Broker Eric Fox referred and jointly brokered with Peter Castleton of Voit Commercial Real Estate/CORFAC International in Irvine CA the sale of a 44,815-square-foot property in Milpitas, CA on behalf of seller A.E. Peterson. The value of the transaction could not be disclosed.

Top Retail Lease by Size
Tim Cherre of the Sansone Group/CORFAC International in St. Louis, MO referred Daniel Gostylo of Providence Commercial RES/CORFAC International in San Antonio in a 30,500-square-foot lease transaction in Roundrock, TX, for La Fronterra Village L.P.

Top Retail Lease by Value
Scott Savacool of Sansone Group/CORFAC International referred Brett Zelner & Mike Antkies of New York City-based Lansco Corporation/CORFAC International a 1,400-square-foot lease transaction on behalf of St. Louis-based Scottrade, which opened a new retail location in Manhattan, NY. The value of the transaction could not be disclosed.

Top International Transaction
Jack Fatigati of The Garibaldi Group/CORFAC International in Chatham, NJ referred and co-brokered with Piers Leigh of King Sturge in London, UK a 9,526-square-foot office lease in Weybridge, UK on behalf of Warner/Chilcott/UK.

Most Referrals by Broker and Company

Scott Savacool of St. Louis-based Sansone Group/CORFAC International was named the overall Top Producer with 34 referred transactions throughout the CORFAC organization. Sansone Group/CORFAC International was the overall Top Producing Firm for the highest number of transaction referrals (44), while Chatham, NJ-based The Garibaldi Group/CORFAC International was second by total firm referrals, with 24 in 2010.

About Howard Properties
Howard Properties, Ltd., headquartered in White Plains, NY, specializes in tenant representation and real estate consulting. Founded by veteran commercial broker Howard Greenberg in 1998, Howard Properties has completed space acquisitions, dispositions, lease renegotiations and consulting assignments in 20 states. The firm is an affiliate member of CORFAC International www.corfac.com, an association of independent real estate brokerage firms represented in more than 150 markets in the Americas and internationally. For more information, contact howard@howprop.com or visit www.howprop.com.

About CORFAC International
CORFAC International is one of the largest commercial real estate services organizations in the world and founded in 1989. U.S.-based CORFAC (Hollywood, FL) is comprised of privately held entrepreneurial firms serving more than 150 markets in The Americas and internationally through alliances with UK-based King Sturge, BDI in Mexico, five independent firms in Canada, Rios Commercial in Puerto Rico and Panama-based Latin American Corporate Property Services. In recent years, CORFAC firms completed over 9,000 commercial real estate transactions annually, encompassing more than 300 million square feet and valued each year in excess of $30 billion. For more information on CORFAC contact 954-923-6160, info@corfac.com or visit www.corfac.com.

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CERVALIS, LLC

"Howard Greenberg found us the perfect building for our first data center. He did the research to prove to us that this former IBM facility had been built with much of the infrastructure that we needed for our new operation. It meant that Cervalis would save millions of dollars in construction costs. We leased 71,500 SF for our company, and have since expanded this center to 100,000 SF. We have relied on Howard for every real estate transaction Cervalis has done since we began the business, including our 55,000 SF Stamford facility and our newest 148,161 SF data center in New Jersey. These are all high value, complex transactions, and we have always had the confidence in him to research, strategize and execute our real estate plan."

Michael Boccardi
President and CEO

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