Fidelity Land Development Corporation
is a real estate development company headquartered in Chatham, New Jersey.
Through its related companies, Fidelity Properties, LLC, Fidelity Management LLC
and Fidelity Maintenance, Fidelity offers leasing, management and maintenance
The company has been involved in real estate for more than 35 years and has
developed more than 23 projects in excess of 4 million square feet with
aggregate value in excess of $400 million
What We Do
Experience in acquisition, development, construction and management of premiere
Fidelity Land Development Corporation is an entrepreneurial
real estate investment and development company with a broad range of experience
headquartered in Chatham, New Jersey. Fidelity offers a fully integrated asset
management platform including in-house leasing, management, maintenance,
construction, and architecture and design services through its related
companies, Fidelity Properties, LLC, Fidelity Management LLC and Fidelity
Maintenance, Inc. Fidelity Management LLC also manages properties in New Jersey,
Maryland, Pennsylvania and Connecticut for third party owners. Fidelity is
recognized as one of the preeminent retail development firms in the state of New
Fidelity was founded in 1978 by Salvatore A. Davino. Over this 30-year period,
Fidelity has been responsible for the acquisition and development of more than
40 properties in excess of 4 million square feet. During this period, the
Company has organized numerous private partnerships in premier acquisitions and
• Proven 30-year track record of delivering superior results.
• Fully integrated investment acquisition, management and disposition platform.
• Meaningful alignment of interest with investors and owners.
• Exceptional relationships with the best national and regional tenants.
• Excellent banking and lending relationships.
• Overall portfolio occupancy level of 98%.
• Access to off-market transactions.
• Potential to acquire newly constructed properties developed by Fidelity.
• State-of-the-art property management and reporting systems.
Our management team consists of the following
Fidelity Land Development Corp.
Salvatore A. Davino - Founder and President of
Fidelity Group of Companies
Mr. Davino is the founder of the Fidelity group of companies and has more than
40+ years experience in acquisition, development, construction and management of
real estate projects. Mr. Davino has been involved in all phases of a project
from the site acquisition stage through design, construction, financing,
leasing, management and marketing of the properties. Prior to forming Fidelity,
Mr. Davino was President of Gibraltar Land Resources (a real estate syndication
arm of Gibraltar Securities) and co-owner of Anthony Davino & Son, a contracting
and home building firm.
Mr. Davino's community involvement and philanthropic activities are dedicated to
organizations which include Columbus Hospital, Cathedral Healthcare System Board
of Governors, Board of Overseers of Redemptoris Master Seminary, Trustee of The
Shepherds of Youth in Florham Park, , Board Member of Opportunity Project in
Millburn and founding Director of Enterprise Bank. Mr. Davino also serves by
appointment of the Governor of New Jersey as a Commissioner to the State’s
Italian-American Heritage Commission, and was awarded the Ellis Island Medal of
Honor for his philanthropic endeavors.
Alexander J. Tafro - Chief Operating Officer
Mr. Tafro has over 20 years of investment real estate experience in
acquisitions, financing, leasing and development. Mr. Tafro joined Fidelity in
1999 to serve as its Chief Operating Officer. Mr. Tafro oversaw the acquisition,
financing and lease-up of the 820,000+ square feet Watchung Square Mall anchored
by Target, Home Depot and Wal-Mart, as well as the final approvals and leasing
of The Streets at Chester. Mr. Tafro's prior experience includes ten years as a
principal in the law firm of Brach, Eichler, Rosenberg, Silver, Bernstein,
Hammer & Gladstone, P.C. (now WolfBlock) and employment with The Chase Manhattan
Bank N.A. Mr. Tafro is a member of the ICSC and a licensed NJ real estate
Mr. Tafro graduated from The College of William and Mary in Virginia with a BA
in Economics in 1980 and from Seton Hall Law School, cum laude in 1984. Mr.
Tafro volunteers his time to various youth sports programs in Mendham, NJ.
Anthony P. Davino - Executive Vice President
Mr. Davino is an Executive Vice President of Fidelity Maintenance, Inc.,
overseeing Fidelity’s maintenance and related construction services. In 1989,
Mr. Davino renovated his first shopping center, the Kennedy Mall in Brick, NJ.
Since that time, he has completed 5 additional overall shopping center
renovations including site-work and landscaping. Mr. Davino has completed in
excess of 250 retail and office interior build-outs and retrofits and has
overseen several projects from the ground out. He is a medical office specialist
and has participated in constructing 3 state-of-the-art radiology centers as
well as out-patient surgi-centers. Additionally, he has recently completed and
oversees the operations of a modern full-service golf range, pro shop and family
entertainment facility in Roseland, NJ. Mr. Davino studied Real Estate and
Business Law at Boston College.
David Voight - Director of Development
Mr. Voight is responsible for the coordination of all development activities,
including governmental approvals, permitting, and management of construction
projects, bidding, awarding and administration of construction contracts. David
joined Fidelity Land Development in 2000, and served as the on-site Project
Manager for Watchung Square Mall a 820,000 square feet retail shopping center.
In addition, he coordinated all tenant fit outs and obtained governmental
approvals for the State Highway widening project and sewer main extension
components of Watchung Square Mall. Mr. Voight has also overseen numerous retail
centers and expansions including the conversion of a theater complex to a retail
building in Brick Township, NJ.
A graduate of New England College, Mr. Voight holds a Bachelor of Arts degree in
philosophy and communications.
Fidelity Management LLC
Elliot L. Warm - General Counsel
Mr. Warm is General and Real Estate Counsel to the Fidelity group of companies
and affiliated businesses. He joined Fidelity in November 1991, having
previously been a partner in a law firm at which he practiced law for 15 years.
He has spent his entire legal career of more than 30 years being involved in all
phases of real estate transactions. He has also acted as an Adjunct Instructor
at the Rutgers School of Law, Newark, New Jersey, and has had various materials
published in connection with seminar presentations.
Mr. Warm received a BA Degree from Rutgers College in New Brunswick in 1969,
summa cum laude, and a JD Degree from Rutgers School of Law, Newark, New Jersey
Joseph N. Machiaverna - Chief Financial Officer
Mr. Machiaverna's duties at Fidelity include overseeing all areas of accounting
and taxation as well as supervising and maintaining IT systems. Mr. Machiaverna
joined Fidelity in 1992 as a CPA, bringing with him 15 years experience in the
practice of public accounting and taxation.
Mr. Machiaverna received a BA Degree in Accounting from New York University
School of Business which he attended under an early admittance program. He is a
member of the New Jersey State Society of Certified Public Accountants and the
American Institute of Certified Public Accountants.
Juliet Fidlow - Director of Property Management
Juliet Fidlow is the Director of Property Management, overseeing Fidelity's
portfolio of retail, commercial, and medical facilities. Ms. Fidlow has over 20
years of experience in the real estate industry and contributes at a senior
level in all areas of property management including implementation of lease
renewals, identification and resolution of facility problems, tenant concerns
and the preparation of operational budgets and financial reporting. Ms. Fidlow's
prior experience includes five years as Director of Property Management for a
third party management firm operating multi-tenanted commercial properties for
private and institutional clients, and nine years employment as Senior
Commercial Property Manager for a group of overseas investors of medical and
retail properties in New Jersey.
Ms. Fidlow is an ICSC Certified Property Manager, a licensed NJ real estate
salesperson and is a member of several organizations including ICSC and BOMA.
Fidelity Properties LLC
Gerald Frungillo, Broker of Record
Mr. Frungillo is the Broker of Record at Fidelity Properties, LLC. Mr. Frungillo
oversees the leasing and marketing of Fidelity’s portfolio of properties in New
Jersey as well as for clients outside of the firm who own properties throughout
Over the past 32 years, Mr. Frungillo has overseen a private portfolio of
properties and acts as builder/developer for his family-owned and leased
properties which include many historic properties.
Gerald is a co-found of The Center for Italian and Italian American Culture,
Inc. of Cedar Grove, NJ. He also serves on the board of directors of Enterprise
Bank of Kenilworth, New Jersey, the Board of The Branch Brook Park Alliance in
Newark. Gerald also sits on the board of The Center for Closely Held businesses
at William Paterson University where business leaders are developing programs
that are helping regional business reach their professional potential.
Mr. Frungillo resides in Madison, New Jersey with his wife Alison.