Newmark Adds Charles McGrath and Brett Grifo to Capital Markets Bench in Philadelphia

October 16, 2024 12:00 PM

Newmark[1] announces that Charles McGrath and Brett Grifo have joined the firm as Executive Managing Directors, Capital Markets in the firm's Philadelphia office. The duo, two of the market's fastest-rising capital markets professionals, work across sectors, with a hyper-focus on office and industrial assets.

"Bringing these two professionals on board shows Newmark's continued dedication to office and industrial properties, as well as our broader capital markets platform," said Chad Lavender, President of Capital Markets for North America. "Charley and Brett are both experienced, dynamic and incredibly talented. We're eager to support and celebrate their growing success."

McGrath and Grifo join Newmark from Cushman & Wakefield, where they have worked together since 2022 and arranged such high-profile transactions as the $150M sale of the five-building Pfizer campus in Collegeville, Pennsylvania and the $41M sale of the Bourse building and 400 Market Street in Philadelphia. McGrath previously worked nearly two decades for MRP Realty, one of the leading owners and developers in the eastern United States, where he acquired and managed nearly 7 MSF of office, industrial and residential properties worth $2.2B. Grifo worked for JLL, and prior to that spent nearly a decade at Brandywine Realty Trust, a leading real estate investment trust based in Philadelphia.

"Charley and Brett are renowned members of the Greater Philadelphia real estate community, and they will make excellent additions to our team," said Lauren Gilchrist, Executive Vice President and Market Leader in Philadelphia. "Few brokerage professionals have gained more market share over the past two years than these two, and Newmark's market-leading platform will empower them to continue expanding their influence."

Newmark continues to expand its Capital Markets business worldwide. The company has recently added the Leading U.S. Team in New York, launched a Data Center and Digital Infrastructure practice group, acquired London-based Capital Markets and Leasing Real Estate Advisory Firm BH2 and appointed Matthew Featherstone to head up debt for the United Kingdom and Europe. The firm has more than doubled its U.S. investment sales market share since 2015[2].

"We're eager to begin the next phase of our career with Newmark's incredible Capital Markets team," said McGrath. "The company's array of resources, vast network of talent across the globe and commitment to providing excellent client service align with our objectives, and we're excited to be reunited with outstanding capital markets professionals like Josh King, Adam Spies and Doug Harmon."

[1] Dba Newmark Real Estate in Pennsylvania

[2] Investment sales market share is calculated by dividing Newmark's U.S. volumes by MSCI U.S. investment sales volumes for the relevant dates. The time frame for this U.S. market share data compares 2015 with the trailing twelve months ended July 30, 2024. Market share data is applicable to the U.S. only.

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. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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