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Newmark is growing its industrial expertise with the additions of Barry Hill, SIOR, as Executive Managing Director and Tom Patten as Associate Director.
A more than 20-year industry veteran, Hill provides landlord marketing services, tenant representation, site selection and disposition strategy to institutional industrial owners, occupiers, investors and developers in Southern California. He is a specialist in the port of Los Angeles and the Long Beach and South Bay submarkets.
“Newmark is committed to growing our industrial platform in the Americas and Canada,” said Newmark EVP, Head of Industrial Services Paul Klink. “Barry and Tom bring a strong depth of industrial market perspective. Having them join our platform exemplifies the high caliber of our practice.”
“Industrial vacancy in Los Angeles remains the tightest in the nation and capital markets interest in this sector remains high. Proximity to the nation’s busiest seaport complex and large population base continues to bolster the Los Angeles market. Los Angeles is a dynamic, core market and it’s an important time for us to continue our growth in the region,” said Newmark Managing Director, Los Angeles Region, Phil Brodkin.
Prior to joining Newmark, Hill was a managing director with JLL’s Industrial Services division. His experience also includes serving as vice president with CBRE where he was a consistent top performer for 10 years. Over the course of his career he has completed more than 400 sale and lease transactions, totaling more than 35 million square feet of industrial space, principally in the South Bay and surrounding infill industrial markets of Los Angeles. Hill received his bachelor’s degree from San Diego State University and is a member of the American Industrial Real Estate Association (AIR), board member of Society of Industrial and Office Professionals (SIOR), and board member for the Dig 4 Kids Foundation.
Patten is an industrial broker specializing in tenant and landlord representation, property acquisitions/dispositions, and market intelligence and analysis. Patten’s experience includes the role of associate at JLL and associate leasing director at PS Business Parks in its Orange County office.
“Newmark’s strong local and national industrial platform is formidable, featuring highly-experienced, top-tier industrial brokerage professionals in all major markets. This platform, combined with best-in-class capital markets, institutional connectivity, uniquely experienced and entrenched leadership, and an amazing client-centric culture, made the move to Newmark to further round out its strong Los Angeles market industrial team very enticing. I look forward to the next phase of my career with this group of professionals,” shared Hill.
Newmark Regional Managing Director Greg May added, “I’m excited about the caliber of talent within our organization, especially within our industrial platform. We are focused on attracting the best people to Newmark, as we continue to gain market share across the board.”
About Newmark
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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Statements in this document regarding Newmark Group 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. Except as required by law, Newmark Group 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 Group’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.