Newmark Grubb Knight Frank today announced that Bradford H. Fletcher, SIOR, executive managing director, was named the 2011 Industrial Broker of the Year by the Commercial Association of Brokers (formerly Commercial Association of Realtors) for Oregon and Southwest Washington. This is the eighth time Fletcher has been recognized as the region’s leading industrial broker.
Broker of the Year honors are given to real estate professionals who stand out among their peers, recognizing the highest levels of production in the Portland Metropolitan area. In 2011, Fletcher representing his clients in the lease and sale of nearly 745,000 square feet of property valued at over $36.3 million.
Included in Fletcher’s impressive resume of transactions were five leases for Nike totaling 351,616 square feet, which represented the market’s largest flex deals. In addition, he continued his long-standing tenant representation of Intel and IBM, two of Oregon’s most prominent employers, and handled sale and lease transactions for a number of other corporate clients. The significant square footage transacted by Fletcher over a 12-month period resulted in a record drop in vacancy for the Sunset Corridor submarket.
For three decades, Fletcher has been one of the market’s top producers, concentrating on the sale and leasing of industrial, office, mixed use, investment real estate and land for corporate, public, institutional and individual clients worldwide. A specialist in the high technology sector, he is a member of the Society of Industrial Office Realtors, the Urban Land Institute and a graduate of Dartmouth College.
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 and its London-based partner Knight Frank together operate 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.