Montvale, NJ, July 26, 2006 – Ivy Realty, a leading real estate investor and developer throughout New Jersey, New York, and Connecticut has announced that it is celebrating its 10th anniversary this year. Since its inception, Ivy Realty has purchased and developed in excess of $1 billion in commercial real estate.
Founded in 1996 by Anthony P. DiTommaso, Jr. and Russell F. Warren, Jr., Ivy Realty is a wholly owned subsidiary of Ivy Equities, LLC. Over the past 10 years the company has grown to 50 employees and boasts a four million-square-foot portfolio of office properties that Ivy Realty owns, manages, and leases, with significant added development potential throughout the tri-state area.
Notable acquisitions over the past 10 years include the $145 million acquisition of the 800,000-square-foot Prudential Metropark office complex, as well as the acquisition of the 280,000-square-foot retail redevelopment for Wal-Mart in White Plains, NY. Ivy has established itself as one of the most active and aggressive acquirers and developers in the market and has earned the respect and admiration of their peers as evidenced by them being named the New Jersey NAIOP Impact Company of the Year in 2004.
Mr. DiTommaso, CEO and co-founder of Ivy Equities, LLC stated “Over the past 10 years we have grown significantly in all sectors of the market and built a reputation of integrity – a company that people like to work with. We owe a lot of this success to our exceptional team of employees as well as the outstanding relationships we have built in the brokerage, investment, and corporate communities.”
Adds Russell Warren, “We are extremely proud of how Ivy has grown throughout the past decade. With our strong team of professionals, we are confident that the coming years will be highly successful for the firm.”
Ivy Equities, LLC was formed as a diversified investment company offering high net worth investors and institutions opportunities to invest in commercial real estate and private equity. Ivy Equities is comprised of three business lines, which includes Ivy Realty, First Ivy Capital Markets, LLC, and Ivy Healthcare Capital, LP, a $30 million private equity fund focused on investing in companies in the orthopedic sector of the healthcare marketplace.
About Ivy Realty
Founded in 1996, Ivy Realty, a wholly owned subsidiary of Ivy Equities, is a leading real estate investor and developer throughout New Jersey, New York and Connecticut. Ivy targets investment opportunities in undervalued, high grade, income producing commercial properties. The Company has built a reputation for successfully completing a wide spectrum of creative developments in the office, mixed-use, retail, build-to-suit and residential sectors. Currently, Ivy Realty owns, manages and leases a 3.5 million-square-foot portfolio with added development potential throughout the tri-state area.
For more information contact Ivy Realty at their Montvale, New Jersey headquarters at (201) 573-8400 or visit the website at www.ivy-realty.com.
