March 22, 2022 10:00 AM
Newmark is pleased to announce the relocation of two brokerage professionals to Newmark’s downtown Nashville, Tennessee office located at 501 Commerce Street. Managing Director Gino Tabbi will relocate from Newmark’s Chicago office and Associate Director Eric Tomchik will relocate from the firm’s Irvine, California office to build the bench of local leasing and capital markets talent. Tabbi’s focus will be capital markets and Tomchik will work to build out local leasing services.
“We are thrilled to relocate these talented professionals to the growing downtown Nashville office,” said Sean Moynihan, Newmark Executive Vice President, Regional Managing Director and Southeast Market Leader. “Nashville is one of the hottest real estate markets in the U.S., so it only makes sense to bring in seasoned brokers that can build on our talented multifamily capital markets presence and expand our local suite of services for both new and existing clients.”
Tabbi brings more than 10 years of experience providing advisory and capital solutions for owners of commercial real estate. His focus has been the acquisition, disposition and financing of leased properties, with a specialty in government-leased assets. Having completed over $1 billion in sales volume across 26 states, Tabbi brings a vital skill set that helps clients add value throughout the transaction process. He has received recognition for his sales achievements as a top performer within Newmark’s Chicago Office in 2012, 2013 and 2015.
Tomchik specializes in representing office and industrial end users with comprehensive real estate and operational strategy. His real estate experience includes assisting with facility acquisitions, expansions, consolidations, lease renewals, lease/purchase assignments and dispositions. Since beginning his tenure with Newmark in 2013, Tomchik has completed real estate transactions with a total consideration exceeding $750 million in value globally. He was recognized as a top performer and break out agent within Newmark’s Irvine office in 2020.
Newmark’s Nashville office already has a strong multifamily capital markets presence led by Executive Managing Directors Tarek El Gammal and Vincent Lefler, After joining Newmark in 2020 as part of a larger team focusing on building Newmark’s multifamily capital markets services across Nashville and Atlanta, El Gammal and Lefler have completed several major transactions including the $120-million sale of Knox at Metrocenter, the $100-million sale of Viera Cool Springs, for which Newmark professionals also arranged the financing, and the $95-million sale of Bellevue West.
Nashville has been one of several Sunbelt real estate markets that have outperformed over the past several years. In a 2021 study by Newmark Research, Nashville placed third among 22 major real estate markets in an index ranking markets across economic and property type metrics. Nashville has been a darling of investors for several years, and maintained its standing during the pandemic, ranking first across the study’s overall capital markets metrics, which included investment volume, pricing metrics and recovery potential for five major property types. It also placed first across the study’s overall economic and retail rankings. This outperformance in relation to peer cities suggests Nashville will continue to be a target for economic and investment growth for years to come.
About Newmark
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. Newmark generated revenues in excess of $2.9 billion for the year ending December 31, 2021. Newmark’s company-owned offices, together with its business partners, operate from approximately 160 offices with over 6,200 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
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