ORLANDO—Industrial real estate veteran Rick Narkiewicz has joined Newmark Grubb Knight Frank's (NGKF) Central Florida team. He comes on board as senior managing director.
Narkiewicz is consistently ranked as one of the most successful brokers in the Tampa Bay region. He is one of the top 25 producers in Florida across all business lines.
"Rick is an industrial power player who is a key hire in a significant recruiting run as we expand our Central Florida footprint and position the Tampa office for growth," says Brett Hunsaker, executive vice president and regional managing director for NGKF in the Southeast and Mid-Atlantic. "He has expertise on both sides of the transaction, representing large users-tenants as well as providing landlord advisory services."
Narkiewicz joins NGKF after nearly 18 years in Tampa with CBRE, where he focused on large industrial assignments such as the sale and leasing of distribution centers, manufacturing facilities and income-producing buildings. He has been involved in many of the region's most prolific transactions including representing Highland Packaging as the largest industrial lease in the Tampa Bay area and helped lead C&S Wholesale Grocers' multi-state search to select a Tampa site saving the buyer millions.
Narkiewicz also represented Prologis in leasing its $70 million Tampa portfolio, which he then took from 82% to 100% occupancy. Most recently, he wrapped up nationwide campaign in November of 2015 that resulted in the sale of a $30 million, 132,000-square-foot headquarters with 52,000 square feet of class A office space and a helicopter hanger.
"There has been more industrial real estate transactions over the last six months than the last three years combined," Narkiewicz tells GlobeSt.com. "The Tampa industrial market is well positioned to experience 15% to 20% rent growth. There is essentially no class A dock high space over 50,000 square feet available. The first landlord out of the ground with a new building wins."
Will Central Florida see much more spec on the industrial front? Get some insights from Kostas Stoilas, a senior associate at CBRE Industrial & Logistics in Tampa, in my recent column.
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