“In the last six months, we completed the strategic hiring of powerful capital markets and project management groups, and now are fully integrating the new capital markets team with players who have been leaders in New Jersey for the past decade,” says David Simson, vice chairman and chief operating officer for the NKF New Jersey operation. “This will substantially increase our market share and add a new resource to our already outstanding leasing professionals, reinforcing our ability to provide comprehensive and integrated services to accommodate all our clients' needs.”

Recent notable sale transactions completed by the team include: 80 Park Plaza, a 973,000-square-foot office building serving as PSE&G's Headquarters in Newark, NJ, for $174.5 million; Two Riverfront Plaza, a 337,500-square-foot office building long-term net leased as Panasonic North America's Headquarters for $165 million; Warren Corporate Center, an 820,000-square-foot office campus in Warren, NJ, for $136 million; 200 Milik Street, a 232,134-square-foot modern distribution center for $49.5 million in Carteret, NJ; and the joint venture of 50 Bryla Street, a 460,000-square-foot modern industrial development site in Carteret, NJ.

RUTHERFORD, NJ—A team of capital markets specialists from CBRE has moved its practice to Newmark Knight Frank Capital Markets' Rutherford-based Northern New Jersey office.

Executive managing director Kevin Welsh, managing director Brian Schulz, associate Chuck Kohaut, financial analyst Jason Emrani, and transaction manager Maria Betancourt from CBRE, had established a reputation as comprehensive advisors, delivering excellence in investment sales throughout the state and region. The group will be headquartered in New Jersey and will service the entire suburban Tri-State area.

“NKF presented the rare opportunity for Brian and me to build a Tri-State Capital Markets business in the suburban markets by leveraging a rapidly emerging premier National Capital Markets platform led by Rob Griffin and Kevin Shannon,” Welsh tells GlobeSt.com exclusively. “Further, David Simson's leadership of the New Jersey operation was also integral, as he has developed a collaborative and entrepreneurial environment that focuses on integrating all services lines through the lifecycle of the asset which is ideal for the growth of the capital markets platform.”

“We are excited about the opportunity to expand our rapidly-growing capital markets presence throughout the country,” says Robert Griffin, US head of NKF Capital Markets. “This will create an additional foundation to strategically grow a single capital markets platform across product types and markets to consistently serve clients when and where they see opportunities.”

“In the last six months, we completed the strategic hiring of powerful capital markets and project management groups, and now are fully integrating the new capital markets team with players who have been leaders in New Jersey for the past decade,” says David Simson, vice chairman and chief operating officer for the NKF New Jersey operation. “This will substantially increase our market share and add a new resource to our already outstanding leasing professionals, reinforcing our ability to provide comprehensive and integrated services to accommodate all our clients' needs.”

Recent notable sale transactions completed by the team include: 80 Park Plaza, a 973,000-square-foot office building serving as PSE&G's Headquarters in Newark, NJ, for $174.5 million; Two Riverfront Plaza, a 337,500-square-foot office building long-term net leased as Panasonic North America's Headquarters for $165 million; Warren Corporate Center, an 820,000-square-foot office campus in Warren, NJ, for $136 million; 200 Milik Street, a 232,134-square-foot modern distribution center for $49.5 million in Carteret, NJ; and the joint venture of 50 Bryla Street, a 460,000-square-foot modern industrial development site in Carteret, NJ.