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Staudt to Head New Dispositions Services Group for Savills

RUTHERFORD, NJ—Commercial brokerage firm Savills reports it has launched a new specialization that will be focused on property disposition services.

The new unit will be headed by dispositions expert and industry veteran Gerard J. Staudt, who has been hired as a senior managing director and head of dispositions, North America. Staudt will be based at Savills operations in Rutherford, NJ.

The dispositions unit will be exclusively focused on delivering timely cashflow for clients’ surplus real estate primarily through leasing, sales and sale-leasebacks, the brokerage reports.