Bolstered by a recovering economy, increased consumer confidence and steady job creation, the state’s commercial real estate marketplace is seeing positive momentum. On the heels of one of its most effective years to date and with a newly elected president at its helm, NAIOP New Jersey is poised to strengthen its position as the Garden State’s leading commercial real estate, land use and economic development resource.
Clark F. Machemer, senior vice president and regional development officer of the Northeast Region for The Rockefeller Group, was elected to serve a two-year term as head of the organization’s leadership team. He takes the reins from Michael Allen Seeve of Mountain Development Corp. Machemer is no stranger to commercial real estate: At The Rockefeller Group, he is responsible for development and marketing efforts related to the company’s New Jersey and Pennsylvania projects, including The Green at Florham Park, a 268-acre master-planned development.
In his new role as president, Machemer looks to grow the organization’s education, advocacy and economic development efforts, while positioning the trade organization as a fundamental resource for the state’s commercial real estate professionals.
“This is a wonderful time to become president of NAIOP NJ, and I can’t help but be excited for our industry in the coming year,” said Machemer. “What we do in our business is inspirational. New Jersey’s real estate projects truly are something to be proud of. We build great places where people live, work and play, which is a tribute not only to the current NAIOP membership, but past memberships, as well. As the organization’s president, I am committed to making sure the state’s residents and government leaders know that our industry has done some great things and will continue to do so.”
With commercial real estate activity in all sectors on an upward swing, carrying this momentum forward is important for NAIOP NJ and its members, said Machemer. “Ensuring that we have projects and sites approved for companies who are looking to come to New Jersey, and that those already based here looking to build new projects have someplace to go, is vitally important. It’s about making sure our business leaders and government officials recognize that we can have great incentives, but we also need great places for these companies to go.”
Machemer also remains bullish as to the future of the commercial real estate market in New Jersey. “The commercial, industrial and multi-family sectors in particular are experiencing a great deal of positive momentum. Many successful multi-family buildings are cropping up across the state, and the industrial market is in full swing as more companies recognize New Jersey’s logistical and workforce benefits. I also anticipate a bit of rebirth on the office side. Companies today desire newer buildings, and as the current office product ages, we are going to see a lot of changes in terms of where companies want to be as well as how companies are utilizing space within existing buildings,” he said.
At 662 members strong, NAIOP NJ represents a diverse cross-section of real estate professionals ranging from developers, builders and brokers to those working in the environmental, legal, accounting, consulting, engineering, banking and title insurance industries. Boosting the chapter’s membership and ensuring a positive membership experience also is on Machemer’s agenda.
“As a member for about 15 years, I can personally speak to its benefits,” said Machemer. “I have been able to identify key individuals to join the Rockefeller Group, from consultants, engineers and architects to a whole spectrum of real estate industry experts. Forming these key relationships resulted in hiring some really great people to move our company’s projects forward. I also have gained an understanding of key public policy issues, which has allowed my company to adapt to and prepare for legislative changes.”
NAIOP New Jersey ranks as the seventh largest NAIOP chapter in the nation and the eighth largest chapter worldwide. Joining with a national community of more than 17,000 members, the chapter continues to make a notable impact on the state’s commercial real estate industry. As the voice of commercial real estate in the Garden State, NAIOP New Jersey provides business and professional development opportunities, educational programs, networking and strong advocacy for the industry, as well as some of the most eagerly anticipated events in the business community.