NEW YORK, Sept. 10, 2020
/CNW/ -- Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark") is pleased
to announce the addition of eleven key industrial real estate
professionals to its offices across North
America. These advisors specialize in supply chain and
logistics real estate and advisory for blue chip clients, including
Fortune 500 corporations and global leaders in third-party
logistics. As e-commerce, supply chain and logistics trends
continue to shape and change the global landscape, the addition of
these full-service professionals in the Rutherford, New Jersey; Irvine, California; Dallas, Texas; Miami, Florida and Toronto, Ontario offices bolsters Newmark's
industrial presence in key markets.
Al Petrillo (NJ), Adam Petrillo (NJ), Craig Engelhardt (NJ), Tom Carragher (NJ), Jeff
Cannon (CA), Andrew Morrow
(CA), Blake Anderson (TX) and
Steve Levine (FL) join the company
as Executive Managing Directors; Brian
Prevoe (ON) as Senior Managing Director; and Chris Koeck (NJ) and Steve Korfiatis (NJ) as Managing Directors. Each
of the individuals join Newmark from Savills.
"This important step further elevates Newmark's industrial
practice and provides a valuable enhancement to our integrated
platform," said Newmark's Chief Executive Officer Barry M. Gosin. "North
America's industrial supply chain and logistics are
essential components of the global economy; the industry is closely
tethered to retail, capital markets and many other sectors. We
remain committed to strategic growth in key service areas."
"The gravity and influence of e-commerce in the current climate
is intensifying demand for logistics real estate. As the market
demands more resilient supply chains and diversified manufacturing
locations through near-shoring or last mile industrial space, the
need for logistics real estate in the long term will increase
significantly," stated Executive Vice President and Managing
Director Phil Brodkin, who oversees
Newmark's Industrial platform. "Bringing on these proven,
globally-minded industrial experts complements Newmark's
multi-dimensional platform."
"Newmark has built a platform underpinned with services and
professionals who understand essential value creation and the
stabilization of real estate of all kinds," said Al Petrillo. "The company's leadership and its
mission to promote an entrepreneurial culture that rewards its
businesses for collaborating across markets and disciplines is a
significant draw. Newmark's desire to scale client solutions aligns
perfectly with client goals in the industrial and logistics
space."
"Industrial and logistics companies are among the largest
disruptors driving the global economy, and new classes of
manufacturers, aggregators, distributors and retailers are changing
the world and how we interact. As a result, older-line companies
have been forced to innovate and evolve their own businesses,
requiring a new breed of advisor – with both focus and depth to
tackle the core issues on where to locate and why," stated
Adam Petrillo. "We have the platform
at Newmark to be able to evolve alongside these companies from the
moment world-changing ideas leave the labs until those 'ideas' end
up on our doorstep."
The eleven professionals, who possess over 225 years of combined
experience, have a history of developing and executing strategy on
portfolios in excess of 100-million-square-feet annually. Building
on its occupier-led experience, the professionals will assist
clients in navigating evolving dynamics across their supply chain,
logistics, warehouse, distribution and manufacturing real estate
portfolios throughout North
America and beyond.
About Newmark Group, Inc.
Newmark Group, Inc.
("Newmark Group") is a publicly traded company that, through
subsidiaries, operates as a full-service commercial real estate
services business with a complete suite of services and products
for both owners and occupiers across the entire commercial real
estate industry. Under the Newmark Knight Frank name, the
investor/owner services and products of Newmark Group's
subsidiaries include capital markets (comprised of investment sales
and mortgage brokerage), agency leasing, property management,
valuation and advisory, diligence and underwriting. Newmark Group's
subsidiaries also offer government sponsored enterprise lending,
loan servicing, debt and structured finance, and loan sales.
Newmark Group's occupier services and products include tenant
representation, global corporate services, real estate management
technology systems, workplace and occupancy strategy, consulting,
project management, lease administration and facilities management.
Newmark Group enhances these services and products through
innovative real estate technology solutions and data analytics
designed to enable its clients to increase their efficiency and
profits by optimizing their real estate portfolio.
Newmark Group has relationships with many of the world's largest
commercial property owners, real estate developers and investors,
as well as Fortune 500 and Forbes Global 2000 companies. Newmark
Group's Class A common stock trades on the NASDAQ Global Select
Market under the ticker symbol "NMRK". Newmark is a
trademark/service mark and/or registered trademark/service mark of
Newmark Group and/or its affiliates. Knight Frank is a service mark
of Knight Frank (Nominees) Limited. Find out more about Newmark at,
https://twitter.com/newmarkkf,
https://www.linkedin.com/company/newmark-knight-frank/, and/or
http://ir.ngkf.com/investors/investors-home/default.aspx.
Discussion of Forward-Looking Statements about
Newmark
Statements in this document regarding Newmark 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.
These include statements about the effects of the COVID-19 pandemic
on the Company's business, results, financial position, liquidity
and outlook, which may constitute forward-looking statements and
are subject to the risk that the actual impact may differ, possibly
materially, from what is currently expected. Except as required by
law, Newmark 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's Securities and
Exchange Commission filings, including, but not limited to, the
risk factors and Special Note on Forward-Looking Information set
forth in these filings and any updates to such risk factors and
Special Note on Forward-Looking Information contained in subsequent
reports on Form 10-K, Form 10-Q or Form 8-K.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/newmark-group-inc-announces-eleven-industrial-hires-across-north-america-301127404.html
SOURCE Newmark Group, Inc.