James D. Kuhn, president of Newmark Grubb Knight Frank (NGKF), today announced that Michael Margolis, CPA, has joined the Philadelphia office as a senior managing director in the company’s Capital Group. Margolis brings nearly 30 years of experience representing institutional and private client owners in the Philadelphia market and throughout the northeast, having closed more than $1.4 billion in investment sales transactions during his career.
“I am thrilled to welcome Mike as the leader of Newmark Grubb Knight Frank Capital Group in the Philadelphia region,” said Robert Clements, executive managing director. “I have a great deal of respect for his capabilities and his client-focused attitude, which I experienced first-hand when I was his client many years ago. His wealth of experience, strong ties to our market and impressive client roster will not only help us build our investment services capabilities locally, but also enhance our ability to service institutional clients on a national level.”
Margolis, whose clients have included BPG Properties, Liberty Property Trust, Brandywine Realty Trust, Prudential, TIAA, Archon Group, Preferred Real Estate and many other leading property investors, joins as Newmark Grubb Knight Frank’s Philadelphia office builds upon a newly expanded platform, which benefits from the company’s market-leading position in New York, more than 100 offices and 250 million square feet of property under management in North America, and the proprietary technology, capital markets expertise and financial strength of BGC Partners.
“Newmark Grubb Knight Frank’s platform is unlike any other in the marketplace, and I believe having access to the products and services the company offers will allow me to best meet the needs of my clients,” Margolis said. “I look forward to partnering with my colleagues to grow our presence in the Philadelphia region, and collaborating with other professionals in the Capital Group to ensure Newmark Grubb Knight Frank delivers unmatched service and positive results for all types of property investors.”
Margolis comes to Newmark Grubb Knight Frank from Professional Realty Advisors, where he served as president, Investment Sales for the past four years, representing special servicers, banks, REITs and private owners on exclusive sale assignments for office, industrial, retail and healthcare properties. Previously, he was director of acquisitions at Patriot Equities, where he assisted in the acquisition of more than 8 million square feet during his three-year tenure. Earlier in his career, he held senior positions in the investment services groups of Grubb & Ellis, Insignia/ESG and CB Richard Ellis. At Grubb & Ellis, he led Philadelphia’s Investment Services Group for more than a decade and served as co-chairman of the company’s National Investment Council for four years.
A member of The Wharton Club of Philadelphia, Margolis holds a Bachelor of Science degree in economics from the Wharton School at the University of Pennsylvania and Master of Business Administration from Drexel University.
About Newmark Grubb Knight Frank
A part of BGC Partners, Inc. (NASDAQ:BGCP), Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. It brings together the strategic consultative approach to creating value for clients and leading position in the New York market that are hallmarks of Newmark; the complementary strengths of Grubb & Ellis in leasing and management, investment sales, valuation and capital markets services; and BGC’s financial strength, proprietary technology, expertise in global capital markets and deep relationships with many of the world’s leading financial institutions.
Newmark Grubb Knight Frank, together with its affiliates and London-based partner Knight Frank, employs more than 11,000 professionals, operating from more than 300 offices in established and emerging property markets on five continents. This major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide.