Newmark Grubb Knight Frank (NGKF) continues to draw top talent to its South Florida teams as industrial real estate veterans Steve Medwin, SIOR, and Nick Wigoda, SIOR, join as executive managing directors in the Miami office.
Together, Medwin and Wigoda have closed some of the largest commercial transactions in Miami to date, including the $42 million headquarters acquisition by Ryder Systems Inc., $48 million sale-leaseback of the Dade Paper Company headquarters and the $17 million land acquisition by United Technologies Corporation. In just the past few years, the duo has completed more than 4.0 million square feet of leases and 1.5 million square feet of sales.
“Medwin and Wigoda are yet another set of marquee hires as we expand our South Florida footprint and position the region for growth and market share,” said Geoffrey Kasselman, SIOR, executive managing director and national leader of NGKF’s industrial services practice. “Both brokers are established players with pedigree, track record and a strong client following. They will thrive in our entrepreneurial environment and with our dynamic global platform, NGKF clients will be the main beneficiaries.”
Medwin joins NGKF after nearly six years in Miami with JLL, where he focused on owner and tenant representation, building sales, land sales, industrial investment sales and more. He has represented some of the largest institutional landlords in the region, including Global Logistics Properties, Morgan Stanley Investment Management, Industrial Property Trust and GBX Capital. With over 26 years of expertise, Medwin has completed more than 1,000 industrial real estate transactions, covering millions of square feet and valued in excess of $2.0 billion.
“Being a part of such a collaborative and entrepreneurial company is a game-changer for us and our clients,” said Medwin. “We’re fortunate to work in a very dynamic industrial real estate market. Last quarter vacancy dipped to the lowest levels in 10 years and we are seeing sales prices surpass those achieved before the global financial crisis.”
Wigoda previously served as executive vice president in JLL’s Miami office, where he specialized in commercial sales and leasing transactions involving occupiers, owners and investors. While at JLL, he handled transactions across a broad range of industries including food and beverage products, air/ocean freight, third-party logistics providers, aviation, transportation and manufacturing. Wigoda’s institutional investor client list has included top REITs and private equity firms as well as corporate occupiers in South Florida and throughout the country.
Wigoda adds, “The south Florida industrial market is growing at a rapid rate. With nearly 3.0 million square feet of new space poised for development this year and 2.3 million square feet under construction, the area shows no signs of slowing down.”
Wigoda and Medwin both graduated from the University of Vermont, where they earned Bachelor of Arts degrees in economics.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank 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 12,800 professionals operate from more than 370 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.