Newmark Expands Industrial Practice

MELVILLE, NY-In an expansion effort, Newmark added to its team based here to place a focus on its national industrial practice. This marks the largest expansion since the office opened four years ago.

“Sometimes its pays to be last,” Ed Friedman, executive vice president-brokerage and advisory services for Newmark, tells GlobeSt.com adding that the firm has learned from both the successes and failures of its predecessors in this marketplace. Friedman says a key to the newest venture is that the newest additions will integrate culturally with Newmark’s core values. “They really need to fit in. We operate openly and collegially. We believe revenue can be compounded by personality.”

Industrial specialist Jack O’Connor was named director of Newmark’s National Industrial Practice Group. Joining him are Brian Lee, Dan Marcus and Scott W. Berfas. Lee has been appointed executive managing director of the firm’s Long Island office, while Marcus and Berfas will serve as executive directors.