Newmark Hires Four CRE Professionals, Bolstering Philadelphia Office/Industrial Brokerage and Research

Philadelphia, PA (Oct. 4, 2021) — Newmark Real Estate (Newmark) is pleased to announce that it has hired four professionals in its Wayne, Pennsylvania office–Managing Director Jim Wilson, Associate Directors Mitch Russell and Stephen J. Cook, II and Research Manager Jared Jacobs. All four professionals have varying subject area expertise across the office and industrial asset classes.

“We are committed to elevating the level of services we deliver to our valued clients and, in keeping with that goal, we continue to add high-caliber brokerage and research professionals to our Greater Philadelphia region team,” said Newmark Executive Vice President and Managing Director of the firm’s Philadelphia office, Steve Cousart. “We are proud to welcome Jim, Mitch, Stephen and Jared to Newmark.”

With 21 years of commercial real estate experience, Wilson specializes in landlord, tenant and buyer/seller representation in the Greater Philadelphia suburban market. Prior to joining Newmark, Jim was a Senior Vice President at Mahoney Realty Group, Inc., where he represented many notable local and national owners and tenants.

Russell represents and advises owners and occupiers in the Greater Philadelphia area, specializing in office, industrial and flex assets. Since 2018, Russell has completed over 30 transactions.

After 14 years as a commercial real estate appraiser, Cook has joined Newmark’s Eastern Pennsylvania Industrial team, focusing on the I-81/78 corridor where he will bolster owner and occupier services lines. Cook joined the team from Newmark’s Valuation & Advisory division, where he headed the regional industrial team. Since 2016, Cook has appraised over 100 million square feet of industrial assets within the I-81/78 Industrial Corridor and Greater Philadelphia industrial markets.

As Research Manager for Philadelphia, Jacobs will work closely with brokers across disciplines to address research requirements and formulate appropriate solutions, while overseeing the office’s research department. Jacobs comes to Newmark with over 15 years of experience in the commercial real estate industry; most recently, he was the Research Manager at Moody’s Analytics and the Associate Research Director for over a decade at Cushman and Wakefield, prior.

About Newmark

Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.2 billion for the trailing twelve months ending June 30, 2021. Newmark’s company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark

Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.


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