Patrick Shannon joined Newmark in 2006 at its Detroit office, where he serves as a senior managing director of the Investment Services Group. A 20-year veteran of the commercial real estate industry, Mr. Shannon manages all stages of the investment sale process, including advising clients on asset portfolios, asset disposition strategy determination, marketing and placing assets, managing due diligence and transaction settlement. Over the past 10 years, Mr. Shannon has completed nearly 150 assignments and transactions valued at more than $500 million.
EXPERIENCE:
- Senior managing director, Newmark, 2012 - present
- Vice president, Investment Services, Grubb & Ellis Company, 2006 - 2012
- Asset manager, Milestone Realty Services, 2003 - 2006
- Portfolio manager, Nemer Property Group, 2001 - 2003
- Financial Services Group, Cushman & Wakefield, 1995 - 2001
SIGNIFICANT TRANSACTIONS:
- Forest Cove, Ann Arbor, MI D’Amico: Confidential
- 3000 University, Auburn Hills, MI: Delphi, $33.0 million
- 4405 Continental, Flint, MI: Kojaian Companies, $23.9 million
- Travelers Tower I & II, Southfield, MI: Lehmann, $22.1 million
- Allied Commerce Center, Livonia, MI: GE, $22.1 million
- 500 Centerpoint Pontiac, MI: Corvus International, $21.3 million
- 1700 Fairlane Dearborn, MI: Benenson Capital Partners, $19.7 million
- 27301 West Eleven Mile Road, Southfield, MI: Levine Property, $13.1 million
- 4420 44th Street, Grand Rapids, MI: Kojaian Companies $12.4 million
- 37101 Corporate Farmington Hills, MI: CW Capital, $11.5 million
- 30000 Stephenson Highway, Troy, MI: Ajax Tocco $8.2 million
- 2705 Commerce Parkway, Auburn Hills, MI: CW Capital, $6.0 million
- Trolley II Taylor, MI: First Industrial $5.9 million
- 15800 North Haggerty, Plymouth, MI: MCUL, $5.4 million
- FedEx Grand Rapids, Grand Rapids, MI: FedEx $4.9 million
- 1780 Pond Run, Auburn Hills, MI: Aegon $4.8 million
- FedEx Cadillac, Cadillac, MI: Baseline Development $2.9 million
- FedEx Distribution Center, Southfield, MI: American Equity, $2.6 million
- One Heritage Southgate, MI: CW Capital, $1.8 million
PROFESSIONAL ACHIEVEMENTS:
- Michigan Commercial Real Estate Excellence Award - Investment Deal of the Year, 2008
- Top 5 Producers, Private Capital Investment Group, 2007
Mr. Shannon holds a Bachelor of Arts degree in economics from the University of Michigan.