Fred Smith serves as a vice chairman with Newmark at the company’s New York headquarters. Over the course of his 38-year career, Fred has completed more than 30 million square feet of tenant representation assignments for major organizations.
Fred joined Newmark in 2016 after 31 years with Cushman & Wakefield, where he most recently served as vice chairman. During his tenure at Cushman & Wakefield, Fred closed the ninth-largest real estate transaction in the U.S. and the largest sale leaseback in Silicon Valley history, as well as the largest transatlantic transaction ever between C&W’s U.S. and European operations. He is the recipient of C&W’s 2003 Global Deal of the Year Award, Downtown Deal of the Year Award and various top producer awards.
Partial Client List
- Air France
- Anbang Insurance Group
- Bank of Tokyo-Mitsubishi UFJ
- CBS Corporation
- Daiwa Bank & Trust Co.
- General Services Administration
- Metropolitan Transit Authority
- Molloy College
- Sumitomo Mitsui Trust Bank
- Suntory International Corp.
- XL Global Services
- Young & Rubicam
- Represented XL Capital in its consolidation of six locations into one European headquarters, London. Condo was created separating the lower retail space (owned by Marks & Spencer) from the upper office space. XL sold and leased back its space and booked a profit of $55M in three weeks (from purchase to close). Total transaction value $419 million. XL’s logo is on the building façade.
- Represented Legacy-Coopers & Lybrand and Price-Waterhouse in their merger, with a combined national portfolio of 8.0 million SF.
- Represented Silicon Graphics, involving 800,000 SF corporate campus, synthetic lease conversion, examined various REIT spin-offs, Mountain View, CA. The largest sale leaseback in Silicon Valley history. Sold to Goldman Sachs. Now Google headquarters.
- Represented a private equity firm. Structured a sale leaseback of Talbots headquarters and distribution center collectively 846,000 SF. Proceeds reduced mezzanine debt.
- Represented The Bank of Tokyo-Mitsubishi UFJ and Mitsubishi Financial Group, aggregate 715,000 SF, including two headquarters transactions, each in excess of 200,000 SF.
- Representing Anbang Insurance Group. A team led by Fred is the exclusive leasing agents for 717 Fifth Avenue, a 350,000 SF Plaza District Trophy building.
- Represented CBS Interactive in the restructure of a 285,000 SF San Francisco headquarters lease, resulting in $24.0 million in financial benefits to CBS Corporation.
- Represented BayernLB in the restructure of a 100,000 SF lease with 6.5 years remaining; sold 25% interest in 560 Lexington Avenue.
- Represented Sumitomo Mitsui Trust Bank, Ltd. in the termination and swap of a lease for 53,000 SF for a lease of 45,000 SF.
- Represented the General Services Administration in a 10-year, 25,000 SF lease for one of its elite enforcement agencies in New York City.
- Represented Molloy College in a 15-year, 16,540 SF lease for its first New York City campus, located at 50 Broadway in the Financial District.
- Represented Suntory International Corp. in a 10-year, 5,250 SF lease at 600 Third Avenue.
- Represented Sears Holdings, Valued and Advised for the 2015 transfer of 261 stores totaling 42.0 million SF into a REIT, Seritage Growth Properties. Sears raised approximately $2.7 billion.
- Represented a private equity firm. Valued and advised for the acquisition of Belk Dept. stores, 299 locations, 19 states.
- Led a C&W Capital Markets and C&W Canadian Team to formulate a broker opinion of value for BCE Inc., Bell Canada’s 10.0 million SF portfolio.
- Represented CBS (Paramount Theme Parks). Valued 5 properties, 1,950 acres owned, 108 acres leased, U.S. and Canada.
- Founder, Light Up New York
- Member, St. Lawrence University Parents Committee
- Member, Parent’s Club, Southern Methodist University
- Volunteer, New York Youth at Risk
- Former parent volunteer, Middlebury College, Tulane University and Texas Tech University
Fred is a designated Certified Commercial Investment Member. He holds a bachelor’s degree in economics and finance from the City University of New York and has attended courses at New York University’s School of Continuing Education for Real Estate and Finance.
A native New Yorker, Fred currently resides in Greenwich, Connecticut.