Peter Spragg joined Newmark Capital Markets in January 2018 as a senior managing director in the firm’s Downtown Los Angeles office. As a member of the full service retail brokerage team led by Vice Chairman Bill Bauman, Mr. Spragg specializes in retail land planning, developer consultation, tenant representation and investment sales. To date, he has closed $254 million worth of transactions.
Prior to Newmark, Mr. Spragg worked for two years as a corporate managing director in the Los Angeles office of Savills Studley, where he specialized in retail leasing and sales in the Greater Los Angeles area. He focused on canvassing trade areas to locate strategic locations for his tenant clients and attract new retailers to represented properties.
During his tenure, Mr. Spragg worked with institutional clients such as Regency Centers, UBS, IHG, PNC, Clarion Partners, Glimcher and Panattoni Development. He also served as a consultant to the city of Los Angeles for its LA Mall and to the University of Southern California for its USC Village prior to construction.
Prior to Newmark, Mr. Spragg worked in a similar capacity in the Los Angeles office of Colliers International, where he worked as a vice president for five years, and in the Los Angeles and Newport Beach offices of Grubb & Ellis, where he was a senior associate for six years. Mr. Spragg was named a CoStar Power Broker in 2009.
Mr. Spragg earned his Bachelor of Arts degree in economics from the University of California, Los Angeles. He is a member of the International Council of Shopping Centers (ICSC).