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Following Grubb Exits, Szady Jumps Into New Firm

CHICAGO-Following the exodus from Grubb & Ellis, the local broker is one of the top local execs heading into the new Newmark Grubb firm. He cites more options and leadership for his move from Cushman.

By Robert Carr | Updated on May 23, 2012

CHICAGO-Kenneth Szady, who has led capital markets groups at Trammell Crow and most recently Cushman & Wakefield, is moving against the mass of recent Grubb departures and has joined the Newmark Grubb Knight Frank Capital Group here as executive managing director. The reasons were the opportunity to access more deal options, and the leadership by parent company BGC Partners Inc.’s CEO Howard Lutnick, he tells GlobeSt.com.

Szady was most recently an executive director and head of capital markets for Cushman & Wakefield here. In March, he closed one of the largest US industrial transactions this year, a 1.3-million-square-foot build-to-suit facility for the Clorox Co. in University Park, IL, sold by USAA Real Estate Co. to CBRE Investors.

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