Adam Pasternack joined Russo Development in late 2009 and is responsible for the property management and leasing activities of the company’s three million square feet of existing properties, as well as new commercial and residential development sites in the NY Metro area. Adam has over 19 years of real estate management, leasing, sales and investment analysis experience.
As President of Russo Property Management, Adam’s focus is on both the day-to-day operations of the company’s diverse portfolio including leasing, marketing and maintenance as well as long term company policy and procedures. Adam and his team play a key role in the development of new communities, providing financial, design and operations guidance in the underwriting, planning and construction-design stages of new projects. Finally, Adam maintains and initiates Russo Development’s environmental sustainability goals across the portfolio and development projects.
Adam came to Russo from First Industrial Realty Trust where he was a Senior Investment Analyst in their Net Lease Investment group. Prior to joining First Industrial, Adam garnered extensive experience in the New Jersey commercial real estate market as a leasing and sales broker for CB Richard Ellis and Colliers Houston & Co. His expertise included lease negotiation, financial analysis, and the acquisition and disposition of space on behalf of landlords and tenants, with nearly 3.5 million square feet of leasing and sales transactions behind him.
Adam is a graduate of the University of Maryland, College Park. He has pursued additional graduate studies in Real Estate at New York University and Monmouth University. Adam currently sits on the Executive Committees of NAIOP (National Association of Industrial and Office Properties) and IOREBA (Industrial and Office Real Estate Brokers Association). Adam is active in community programs including coaching youth baseball and basketball.