Ivy Realty

Anthony DiTommaso Movers & Shakers
Shankar P.
General Assignment
7/16/2007

Anthony DiTommaso Jr., 42, CEO of real estate investment firm Ivy Equities in Montvale, laid claim to most of the big deals in the past 12 months amid the prevailing lack of cheer in the commercial real estate market.

DiTommaso stunned industry peers in November when Ivy and partner Heritage Management paid $72 million for the 327,000-square-foot Four Gateway Center in Newark at a time when McCarter & English, the state’s largest law firm and the building’s main tenant, was thinking about relocating. But in April, McCarter decided to stay, and signed a 15-year lease renewal.

In another major acquisition, Ivy shelled out $122 million last May for Merrill Lynch’s 685,000-square-foot Plainsboro campus as the financial services giant was getting ready to leave. At the same time, Ivy signed a lease for the space with financial services firm BlackRock Inc. of New York City.

“Last year was good, this year is great so far,” says DiTommaso, who co-founded Ivy with chairman Russell Warren. They began in 1996 with a 14,000-square-foot strip mall in Staten Island and now have a portfolio of more than 5 million square feet. “Be aware of the client’s hot buttons,” says DiTommaso. “Balance competing interests to find solutions, stick to your word and you have a deal.”




			*Anthony DiTommaso Movers & Shakers* Shankar P. General Assignment 7/16/2007 Anthony DiTommaso Jr., 42, CEO of real estate investment firm Ivy Equities in Montvale, laid claim to most of the big deals in the past 12 months amid the prevailing lack of cheer in the commercial real estate market. DiTommaso stunned industry peers in November when Ivy and partner Heritage Management paid $72 million for the 327,000-square-foot Four Gateway Center in Newark at a time when McCarter & English, the state’s largest law firm and the building’s main tenant, was thinking about relocating. But in April, McCarter decided to stay, and signed a 15-year lease renewal. In another major acquisition, Ivy shelled out $122 million last May for Merrill Lynch’s 685,000-square-foot Plainsboro campus as the financial services giant was getting ready to leave. At the same time, Ivy signed a lease for the space with financial services firm BlackRock Inc. of New York City. “Last year was good, this year is great so far,” says DiTommaso, who co-founded Ivy with chairman Russell Warren. They began in 1996 with a 14,000-square-foot strip mall in Staten Island and now have a portfolio of more than 5 million square feet. “Be aware of the client’s hot buttons,” says DiTommaso. “Balance competing interests to find solutions, stick to your word and you have a deal.”
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