Veteran New Jersey retail broker William Farkas has left Jeffery Realty to form his own firm, Catalyst Real Estate Partners.
Farkas, who spent 27 years at Jeffery, has set up shop in Red Bank, New Jersey, with Michael Testa and Matthew Kenderian, his partners. They were also most recently brokers at Jeffery.
Farkas announced he was launching his own company, which he described as a retail-focused real estate brokerage and advisory firm, with his colleagues on LinkedIn.
Farkas didn't immediately respond to a phone call from CoStar News on Tuesday. He has leased and sold over $1 billion in commercial real estate during his career, according to his LinkedIn profile.
Farkas has closed over 900 lease and sale transactions for retailers such as Lidl, Kids Empire, Tesla, CVS Health, Lowe's Cos., Regal Entertainment, Wonder, P.C. Richard & Son and TJX Cos. He has represented national and regional landlords including Invesco, Urban Edge Properties, Regency Centers, Gabrellian Associates, Russo Development, Garden Commercial, Mandelbaum’s, W.P. Carey and Levco.
Farkas has also worked on development projects for Lidl, CVS Health, Wawa, Harbor Freight Tools and Trader Joe’s.