1:30 PM
Newmark is pleased to announce it has promoted John McMillan of the firm’s South Bay office to Vice Chairman.
McMillan joined Newmark in 2016 as an executive managing director and currently leads a team including partners Jeff Sanita, Danny Williams and Greg Stumm. The team is one of the top-ranked industrial brokerage teams in the U.S. with a commanding presence in the Los Angeles industrial market. In 2018 the team closed $315 million in transactions totaling more than 5.2 million square feet.
“This promotion is truly an honor and is a reflection of not only our high deal volume, but also our commitment to and specialization in the industrial sector. I would like to thank Newmark, all of our clients, and most of all my teammates, as this would not be possible without their complete and total dedication to our clients and our craft.”
“Over a very short period of time since joining Newmark, John has proven to be a great leader for our industrial service line and has been instrumental in some of our biggest industrial recruiting efforts with a focus on increasing market share throughout the West Coast,” commented Phil Brodkin, Newmark executive vice president and managing director - Los Angeles Region. “We are pleased to grant him the Vice Chairman position.”
McMillan has a depth of expertise in a number of corporate real estate activities, including building and site acquisitions, dispositions, lease negotiations, tenant relocations, institutional landlord agency representation and development assignments. McMillan and his team primarily handle industrial building, land, and tenant representation assignments in the in-fill Los Angeles market, which stretches from Downtown Los Angeles to the Ports of Los Angeles and Long Beach. In addition, the team has represented many of America’s largest industrial tenants in dozens of assignments outside of Los Angeles, most recently having completed nearly 2.5 million sf of assignments dotted across the U.S. in 2018 alone. The team has amassed a total transaction volume of approximately $3.3 billion by way of nearly 1,600 transactions.
Prior to joining Newmark, McMillan had been a top producer at Cushman & Wakefield, ranking consistently as a top industrial broker for the firm nationally, and #1 in the Western U.S. six times since 2002. In his first two years at Newmark, McMillan qualified as an Newmark Top Producer, and in 2018 finished in the Top 100 brokers for Newmark firmwide.
About Newmark
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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