Newmark Grubb Knight Frank (NGKF) is pleased to announce the addition to NGKF Capital Markets’ Rutherford-based Northern New Jersey office with one of New Jersey’s leading capital markets teams - Executive Managing Director Kevin Welsh, Managing Director Brian Schulz, Associate Chuck Kohaut, Financial Analyst Jason Emrani, and Transaction Manager Maria Betancourt. The team, coming from CBRE, has established a reputation as comprehensive advisors, delivering excellence in investment sales throughout the state and region. The group will be headquartered in New Jersey and will service the entire suburban Tri-State area.
“We are excited about the opportunity to expand our rapidly-growing capital markets presence throughout the country,” said U.S. Head of NGKF Capital Markets Robert Griffin. “This will create an additional foundation to strategically grow a single capital markets platform across product types and markets to consistently serve clients when and where they see opportunities.”
“These are exciting times for the growth of NGKF Capital Markets in New Jersey,” added David Simson, vice chairman and chief operating officer for the New Jersey operation. “In the last six months, we completed the strategic hiring of powerful capital markets and project management groups, and now are fully integrating the new capital markets team with players who have been leaders in New Jersey for the past decade. This will substantially increase our market share and add a new resource to our already outstanding leasing professionals, reinforcing our ability to provide comprehensive and integrated services to accommodate all of our clients’ needs.”
Recent notable sale transactions completed by the team include: 80 Park Plaza, a 973,000-square-foot office building serving as PSE&G’s Headquarters in Newark, New Jersey for $174.5 million; Two Riverfront Plaza, a 337,500-square-foot office building long-term net leased as Panasonic North America’s Headquarters for $165 million; Warren Corporate Center, an 820,000-square-foot office campus in Warren, New Jersey for $136 million; 200 Milik Street a 232,134-square-foot modern distribution center for $49.5 million in Carteret, New Jersey; and the joint venture of 50 Bryla Street, a 460,000-square-foot modern industrial development site in Carteret, New Jersey.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.