June 20, 2023 9:00 AM
Senior Managing Directors Brad Kirschner, Stewart Thrash and RJ Zurak bring a cumulative transactional history of over 1,100 deals spanning more than $1.2 billion. The team’s areas of expertise include tenant and landlord representation across the office, flex industrial and life science sectors.
“Newmark’s growth and expansion into key markets, like Atlanta, continues to thrive,” said Sean Moynihan, Executive Vice President and Southeast Market leader. “We are securing an infusion of the next generation of talent who can benefit from Newmark’s national platform. By fostering this growth, we are solidifying the brand’s future talent pipeline.”
Before joining Newmark, Kirschner, Thrash and Zurak formed one of the most active brokerage groups at CBRE, establishing themselves as leaders in the Atlanta real estate scene. Leveraging nearly three decades of combined experience in addition to Newmark’s robust national platform, the group brings a game-changing approach to real estate because of their history of working with both owners and tenants.
“Our team has a reputation as one of the most motivated and results-driven teams in Atlanta, and we want to install that same proactive attitude, combined with our analytical approach, here at Newmark as we contribute to the firm’s growth in Atlanta,” said Zurak. Kirschner added, “Joining Newmark’s well-recognized national platform will allow us to grow as we break down the walls of traditional Atlanta brokerage by representing owners and tenants.” “Our work history has given us greater insights into the needs of occupiers and landlords, which has proven invaluable in navigating today’s market landscape,” said Thrash.
The addition of these three professionals comes at an optimal time. According to a recent Atlanta office leasing trends report by Newmark Research, the market showed promise at the beginning of 2023. Net absorption was 232,999 square feet for the first quarter of 2023, up from 423,000 square feet that were returned to the market last quarter. The vacancy rates in the city declined by 20 basis points, with new construction delivering over 300,000 square feet of space. Atlanta is well-positioned due to the population growth, an unemployment rate that consistently remains under the national average and total employment reaching new heights. The report cites that the Atlanta office sector looks positive in its long-term outlook, with Atlanta continuing to attract new companies across different industries.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of March 31, 2023, Newmark’s company-owned offices, together with its business partners, operate from over 170 offices with approximately 7,300 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.