HOLBROOK, NY-Sperry Van Ness Commercial Real Estate Advisors announced Wednesday it has nabbed John O'Hara, a veteran industrial real estate broker in Suffolk County, as managing partner.
O'Hara, formerly a partner at Corporate Realty Services LLC, of Hauppauge, which he co-founded in 2003, has a large roster of exclusive local and regional clients. Previously, he worked for Brown Harris Stevens Real Estate Services.
“I want to help take Sperry Van Ness to the next level on Long Island,” says O'Hara in the release.
David Madigan, president of Sperry Van Ness, says in the announcement that the addition of O'Hara is the first step in expanding Sperry Van Ness. “This is a good time to build up the company. We're coming off the market bottom and there is rising demand for industrial space.” Additional other, experienced brokers soon will join the firm, he says, and adds that the opening of a second office in Nassau County is under consideration.
“John's comprehensive knowledge of Long Island's commercial real estate market and economic development has enabled him work with his clients in all aspects of their real estate transactions,” Madigan continues. “At Sperry Van Ness he will be able to leverage that experience and service clients on a regional and national level.”
Among O'Hara's biggest transactions was a 37-acre land deal that enabled Ronkonkoma-based Quality King Distributors, the largest private company on Long Island, to build 560,000 square feet of offices and warehouse in Yaphank. He's also arranged other deals for the distributor of pharmaceuticals and health and beauty care products. O'Hara, who said there has been no build-to-suit deals in the past three years, says he is currently working on a number of potential transactions totaling 200,000 square feet.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
