| A Generational Approach to Real Estate |
Gottesman Real Estate Partners traces its roots to 1956, when brothers Harold (pictured below) and Jerry Gottesman opened their first parking lot on Edison Place near Penn Station in Newark, N.J. Edison ParkFast expanded quickly, and the Gottesmans became well known around the New York metropolitan region for their expertise, hard work, problem-solving abilities and first-class operations. They ultimately owned or managed more than 160 locations and consulted for other owners who needed help building or operating parking facilities.
 Again capturing a burgeoning new business, Edison in the 1970s opened the first of its Manhattan Mini Storage locations for New Yorkers who needed space to keep their extra belongings. The mini-storage business took off and there were soon facilities in several Manhattan neighborhoods.
The company was able to apply the customer service lessons it had learned thru its operating businesses to traditional real estate investing when, in 1978, it purchased The Hippodrome Building at 1120 Avenue of the Americas in New York City. Edison quickly improved operations in the building’s parking garage and upgraded the tenancy of the office and retail space. In 1991, the building opened a self-managed shared-office center known as Executive Workspace.
Harold and Jerry Gottesman separated their business interests in 1998; however, the Hippodrome Building remains jointly owned and managed by the two families.
The family of Jerry Gottesman continues to own Edison Properties, LLC, which includes ParkFast and Manhattan Mini Storage; the company also is pursuing significant development opportunities in New York City and Newark.
Harold Gottesman opened Edison Investment Advisors, LLC (EIA) in Livingston, N.J., to pursue other investment strategies and additional real estate opportunities. Harold passed away in 2001 and Andy Gottesman took over as CEO at that time. Since then, EIA has made numerous real estate investments with sophisticated partners and operators.
EIA began Gottesman Real Estate Partners in 2007 to carry out the family’s investment plan in a strategic manner. The venture will bring together the best of modern real estate ownership with the best of family ownership—in other words, it will be driven by the same values with which it began a half-century ago.
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