Newmark brought in a real estate veteran Tim Lenahan co-lead the firm’s Federal Investor Services group alongside William Hilllearned a vice president of Commercial Observer.
Lenahan, who takes the title of executive managing director, comes to Newmark from FD Stonewaterwhere he served as General Manager of Brokerage, working with landlords and landlords on federal lease purchases and supporting the company’s investment and development efforts nationwide.
“Federal leasing is a specialized business, and our team is uniquely positioned to achieve the best possible results for our clients and colleagues,” Lenahan said in a prepared statement. “We anticipate that our expertise will help make Newmark a leader in the federal investor services industry. »
Based in Washington, DC, the group focuses on representing landlords and investors who lease commercial properties to federal agencies and departments.
Lenahan and Hill will partner with Newmark colleagues across the United States to attract and retain government occupiers on behalf of owners and investors. The duo will also work with the firm’s capital markets professionals to advise on the sale or purchase of properties with the federal government as the primary or sole occupant, the company said.
During his career, which began at CBRELenahan has led teams for nearly two decades on government-occupied real estate transactions across a wide range of product types, resulting in approximately 15 million square feet of transactions across the United States.
“[Lenahan] is one of the brightest minds and he is a subject matter expert in our niche industry,” Hill said in a prepared statement. “As our national practice grows, we needed another senior thought leader that our peers and clients respect. bringing [him] onboard further reinforces Newmark’s commitment to expanding our brand within the federal real estate space.
Lenahan and company were not immediately available for comment.
Keith Loria can be reached at [email protected].