Newmark is pleased to announce that it has hired three net-lease specialists who will handle national projects. The new members of the firm include Executive Managing Director Ken Hedrick, as well as Senior Managing Directors Jerry Hopkins and Andrew Ragsdale. Together, the team has closed over 280 transactions totaling nearly $2.25 billion in sales.
The new hires come to Newmark from Tulsa-based commercial real estate investment firm Stan Johnson Co., bringing with them a diverse range of industry experience. Hedrick and Hopkins, each a top producer nationally, bring to the firm nearly 25 years of expertise in retail, office and industrial single-tenant deals. The team has demonstrated sustainable results, with notable transactions nationwide including the United Nations office building in Manhattan, a national portfolio of CVS properties in addition to approximately 60 FedEx facilities, and 40 Tractor Supply leased properties. The team has negotiated many transactions on behalf of institutional and high-net-worth individuals to support their business objectives, and specializes in managing complex, tax-deferred 1031 exchanges.
“I’m eager to leverage the global Newmark platform alongside BGC and Cantor Fitzgerald,” said Hedrick. “The Newmark brand and its institutional focus are incredibly appealing to our clients and our team. The firm’s collaborative approach and strong, local-market presence is meaningful in a competitive environment, and as investors continue to chase high-quality assets, its stability and the depth and breadth of its global platform are essential. We could not overlook this opportunity to join Newmark, which has demonstrated a major commitment to expand their full suite of capital markets expertise nationally.”
Ragsdale comes to Newmark with approximately 9 years of CRE experience, and an established track record of handing acquisitions and dispositions of single-tenant retail, industrial and office properties. Ragsdale, a licensed attorney, also oversees the team’s marketing and closing processes, wherein he serves clients with a unique combination of transactional experience, combined with a real property law perspective.
“It has been a pleasure working with the Tulsa team and recruiting them into the Newmark organization,” said U.S. Head of Capital Markets and President, New England Area Robert Griffin. “They possess the character, work ethic and innovative forward-thinking that is necessary to succeed in this business. They dovetail perfectly with Newmark’s culture, and we can’t wait to work more closely with them.”
“Having net-lease specialists provides Newmark with another valuable tool for our clients,” said President, West Coast Capital Markets Kevin Shannon. “Adding their expertise to Newmark will augment our capital access for certain net-leased assignments in primary, secondary and tertiary markets. It’s another win for Newmark’s growing capital markets division.”
Newmark is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. Newmark’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.
Newmark 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.