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Newmark Knight Frank Strengthens NKF Capital Markets Platform

May 24, 2017, 07:20 AM

Newmark Knight Frank (NKF) announced the addition to NKF Capital Markets' Rutherford-based Northern New Jersey office with one of New Jersey's leading capital markets teams - Executive Managing Director Kevin Welsh, Managing Director Brian Schulz, Associate Chuck Kohaut, Financial Analyst Jason Emrani, and Transaction Manager Maria Betancourt. The team, coming from CBRE, has established a reputation as comprehensive advisors, delivering excellence in investment sales throughout the state and region. The group will be headquartered in New Jersey and will service the entire suburban Tri-State area.

"We are excited about the opportunity to expand our rapidly-growing capital markets presence throughout the country," said U.S. Head of NKF Capital Markets Robert Griffin. "This will create an additional foundation to strategically grow a single capital markets platform across product types and markets to consistently serve clients when and where they see opportunities."

"These are exciting times for the growth of NKF Capital Markets in New Jersey," added David Simson, vice chairman and chief operating officer for the New Jersey operation. "In the last six months, we completed the strategic hiring of powerful capital markets and project management groups, and now are fully integrating the new capital markets team with players who have been leaders in New Jersey for the past decade. This will substantially increase our market share and add a new resource to our already outstanding leasing professionals, reinforcing our ability to provide comprehensive and integrated services to accommodate all of our clients' needs."

Recent notable sale transactions completed by the team include: 80 Park Plaza, a 973,000-square-foot office building serving as PSE&G's Headquarters in Newark, New Jersey for $174.5 million; Two Riverfront Plaza, a 337,500-square-foot office building long-term net leased as Panasonic North America's Headquarters for $165 million; Warren Corporate Center, an 820,000-square-foot office campus in Warren, New Jersey for $136 million; 200 Milik Street a 232,134-square-foot modern distribution center for $49.5 million in Carteret, New Jersey; and the joint venture of 50 Bryla Street, a 460,000-square-foot modern industrial development site in Carteret, New Jersey.

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