Top investment brokerage professional Kenneth J. Szady, SIOR, CCIM, has joined Newmark Grubb Knight Frank Capital Group as executive managing director. Szady, a 24-year veteran of commercial real estate, specializes in representing institutional clients throughout the Midwest.
“We have made a commitment to build a top-flight institutional capital markets platform,” said James D. Kuhn, president of Newmark Grubb Knight Frank. “We believe the key to that is to employ the best people in the major cities, including Chicago where Ken is one of the standout investment sales brokers.”
Szady bolsters the already formidable strength of the company in the industrial real estate sector, built up over the years by Newmark Epic and, recently, with the addition of the Grubb & Ellis industrial practice. In March, he closed the largest 2012 industrial transaction to date in the United States, a 1.35 million-square-foot build-to-suit facility for The Clorox Company in University Park, Ill., on behalf of an institutional client. Over his career, Szady has a total of $7.2 billion in closed transactions, accomplished across 21 states in 46 cities.
“I take great satisfaction in joining a dynamic company with great leadership,” Szady said of the move to Newmark Grubb Knight Frank. Szady noted the relationship of NGKF’s parent company with Cantor Fitzgerald, and said, “I now have the ability to offer my clients financing capability across the capital structure including equity and debt investment sales services via the relationship with our affiliate company Cantor Commercial Real Estate. The combination of these two is unmatched in our industry today.”
Prior to joining Newmark Grubb Knight Frank, Szady was with Cushman & Wakefield as an executive director and head of capital markets, representing institutional, corporate and private clients in the acquisition and disposition of properties throughout the Central United States. Earlier in his career, Szady was the executive vice president and head of Midwest capital markets at Trammell Crow Company. He began his career with Jones Lang LaSalle as a senior vice president in the investment banking group.
About Newmark Grubb Knight Frank
A part of BGC Partners, Inc. (NASDAQ:BGCP), Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. It brings together the strategic consultative approach to creating value for clients and leading position in the New York market that are hallmarks of Newmark; the complementary strengths of Grubb & Ellis in leasing and management, investment sales, valuation and capital markets services; and BGC’s financial strength, proprietary technology, expertise in global capital markets and deep relationships with many of the world’s leading financial institutions.
Newmark Grubb Knight Frank and its London-based partner Knight Frank together operate from more than 300 offices in established and emerging property markets on five continents. This major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide.