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Metro Commercial Strengthens Its Regional Presence with New Office in Fort Lee, N.J.

The company’s latest office, led by established regional broker Jeff Lagowitz, solidifies Metro Commercial’s commitment to retail development in Northern New Jersey

Fort Lee, N.J.—May 5, 2005—Metro Commercial Real Estate Inc., Greater Philadelphia’s premier full-service retail real estate company, today announced its expansion northward into the Northern New Jersey and New York metropolitan area, with the opening of its new office in Fort Lee, N.J. It also announces the appointment of Jeff Lagowitz as the Principal in charge of the region. This move solidifies Metro Commercial’s unique brand of ambitious property marketing, property management, and construction services that has already seen success in Pennsylvania, Southern New Jersey, and Delaware. Metro Commercial also has offices in Mt. Laurel, N.J., and Conshohocken, Pa.

The new offices are located at Fort Lee Executive Park, 2 Executive Drive, Suite 660 in Fort Lee. From here, Metro Commercial is perfectly positioned to represent retail expansion for marquee retailers in the North Jersey corridors, while also giving the company easy access to properties throughout the New York metropolitan area, including Manhattan, Long Island, and Connecticut.

Likewise, Metro Commercial will bring the same brand of service offered to clients and communities from Greater Philadelphia to North Jersey, including retail tenant representation, shopping center leasing, property management, investment property sales, construction services, and enclosed malls.

“We’ve been handling the needs of retailers in Northern Jersey for years, and this move allows us to provide the region with more of our exceptional services, including property management and construction services,” says Steven H. Gartner, President of Metro Commercial. “This underscores and strengthens our commitment to be the Pennsylvania, New Jersey, and Delaware region’s leading full-service retail real estate company.”

To ensure the success of the new office, Metro Commercial brought on Jeff Lagowitz as Principal of the Fort Lee office. Lagowitz has over 16 years of broker experience in the North Jersey region, and will be advising many leading national retailers on their site selection in Central and Northern New Jersey, including PETsMART, Sports Authority, Balducci's, FedEx Kinko’s, Cosi, and Cartridge World. Before joining Metro Commercial, Lagowitz was Managing Director for both Garrick-Aug Associates, and for Robert K. Futterman and Associates, for the New York metro area suburbs. He had previously represented the expansion needs of retailers including Circuit City, Apple Computer, Bally Total Fitness, Organized Living, Sprint, P.F. Chang’s, J. Crew, Macy’s, and LensCrafters.

Lagowitz’s primary responsibilities include building upon Metro Commercial’s already strong presence in North Jersey, new business development, and recruiting additional brokers to support the company’s position as a leading retail real estate company in the Mid-Atlantic/Northeast.

“Metro Commercial is a great brand, that can translate well into North Jersey, and throughout the New York metropolitan area, in much the same way they've become the dominant brokerage company in the Philadelphia metropolitan market,” Lagowitz says. “This is a tremendous opportunity for the company to become the ’go-to’ principal commercial real estate company in North Jersey.”

About Metro Commercial Real Estate, Inc.
Metro Commercial Real Estate, Inc. (www.metrocommercial.com) is Greater Philadelphia’s premier full-service regional retail real estate company, serving as exclusive leasing agent for more than 190 retail properties, totaling in excess of 14 million square feet in Pennsylvania, New Jersey and Delaware. Metro Commercial Management Services, Inc., the firm’s property management division, manages 50 shopping centers totaling 4.8 million square feet in the Tri-State area. Metro Commercial has offices in Conshohocken, PA, Mount Laurel, NJ, and Fort Lee, NJ, and is the Philadelphia area representative of Realty Resources, a national network of retail brokers.

Media Contact:
Metro Commercial Real Estate
Jamie Joffe
+610 260 2671
jjoffe@metrocommercial.com

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