Newmark announces its ongoing expansion in the Minneapolis-St. Paul market with the addition of a leading Capital Markets team comprising highly-tenured industry professionals with over 110 years of combined experience. Senior Managing Directors Bob Pounds and Tim Prinsen, Managing Director Amy Senn and Senior Analyst Lori Pounds join Newmark‘s Minneapolis office to form an investment-focused team specializing in retail, office and industrial properties.
“As a global company, Newmark’s growth momentum in prominent U.S. cities has been strategic and the addition of a Capital Markets team in the Twin Cities is a natural step in the evolution of providing a full service offering to our clients,” stated Newmark Executive Vice President and Central Market Leader Kevin McCabe. “With the addition of Capital Markets expertise, the Newmark Minneapolis office is truly full service.” The firm’s Minneapolis operation includes specialists in office, industrial, retail, project management, property management, valuation and advisory, and now investment sales, and is still pursuing adding industry talent.
Pounds, Prinsen, Senn and Pounds join Newmark from Colliers International, where the team of renowned investment experts have completed 300 transactions valued at $2.3 billion in sales. “I’m delighted to welcome these highly talented professionals,” added McCabe. “Comprising three veteran investment specialists with varied product experience supported by a senior analyst, they are optimally positioned to provide an integrated service offering focused on enhancing client service and outcomes.”
“The transition to Newmark is the right move for us and for our clients,” added Bob Pounds. “Our team is drawn to the firm’s entrepreneurial culture and I’m thrilled at the opportunity to enhance our service delivery through Newmark’s integrated platform and client-centric service delivery.” The team is a proven leader in the real estate industry, joining Newmark with expertise in single- and multi-tenant retail, office and industrial property investment sales, and an impressive client list including LNR Partners, Sara Investments Real Estate, IRC Retail Centers, Brixmor Property Group and a long list of distinguished national, regional and private equity investors.
All team members are actively involved in the commercial real estate industry including maintaining memberships in groups including Minnesota Shopping Center Association (MSCA), International Council of Shopping Centers (ICSC), National Association of Industrial and Office Professionals (NAIOP) and Minneapolis Commercial Association of Realtors (MNCAR).
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.
Discussion of Forward-Looking Statements about Newmark Group
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.