Newmark Takes on Suburban Retail Focus

LONG ISLAND, NY-Newmark’s new initiative toward the suburban retail market here is just the first part of a strategy, according to Newmark president James Kuhn. “We plan to grow in industrial, office, all segments,” he tells GlobeSt.com. “Strategically we’ve grown markets as they needed to be grown. Long Island is a much underserved market.”

To begin the effort, Newmark has brought back David A. Katzman, who was an associate broker at Newmark New Spectrum before joining Cushman & Wakefield’s retail services group in 2002. While there, he was part of a team that represented such clients as Nine West, Benetton, Ethan Allen and Kate’s Paperie. Katzman will serve as director–specializing in retail. He will be responsible for retail leasing and sales.

One of Katzman’s reasons for returning to Newmark was the opportunity he sees in the Long Island marketplace. “Twenty-two percent of New York State’s total retail sales come from Long Island,” he notes. “The market is there. Suffolk is going to be huge.”