GTJ: The early years (1925-1980)
NYC Railways were dismantled in favor of bus franchising.
Green Bus Lines was incorporated on April 3, 1925 to provide local bus service in several boroughs.
Green Bus Lines acquired several routes in 1933, but these were transferred to the Comprehensive Omnibus Corp in 1935 and NYC Omnibus Corp in 1936.
Stockholders of Green Bus Lines acquired two other transit companies that operated independently: Triboro Coach Corp (1947), and Jamaica Buses (1949).
Green Bus Lines opens a new facility, incorporating its operations.
For the first time, William Cooper sends a Letter to Shareholders, detailing the history of Green Bus Lines.
Green, Triboro and Jamaica Bus Companies jointly formed Command Bus Co in 1979 to take over routes previously operated by Pioneer Bus Corp.
GTJ: 1980 – 2005
Throughout the 1980s and 1990s, Green Bus Lines, Inc. and its affiliated bus companies including Triboro Coach, Jamaica Transit and Command Buses operated local and express bus services throughout New York City, serving millions of passengers and commuters across more than 300 routes.
In January 2006, the city-operated Metropolitan Transit Authority (MTA) took over these routes. Varsity Transit, which launched its first school bus runs in September 1965, ceased operations in 2003.
GTJ: 2006 – Present
2006: Simultaneously with the MTA takeover of the bus routes, GTJ REIT (GTJ) was formed to focus on the ownership and management of commercial real estate located in New York City and the Tri-State area.
2007: GTJ REIT enters into long term leases with the City of New York on 4 of our properties to accommodate the city’s need for bus depots and maintenance facilities.
2011: GTJ divests its operating businesses to focus on its real estate business.
2013: GTJ merges with a privately held real estate company acquiring ownership interests in a portfolio containing 25 commercial/industrial properties located in New York, New Jersey, and Connecticut. The transaction dramatically increased GTJ’s footprint of properties throughout the NY Metro area from 7 to 32, and provided GTJ greater flexibility to grow and expand its portfolio.
2015 – Present: As a result of new acquisitions across New York, New Jersey, Connecticut and Delaware, GTJ’s real estate portfolio has grown to 48 properties and nearly 6 million square feet.