March 22, 2022 10:00 a.m.
Newmark is pleased to announce the relocation of two brokerage professionals to the Newmark office in downtown Nashville, Tennessee, located at 501 Commerce Street. General manager Gino Tabbi will leave Newmark’s Chicago office and serve as an associate director Eric Tomchik will leave the company’s Irvine, CA office to build the local leasing and capital markets talent pool. Tabbi will focus on capital markets and Tomchik will work to develop local leasing services.
“We are thrilled to relocate these talented professionals to the growing downtown Nashville office,” said Sean Moynihan, Newmark Executive Vice President, Regional General Manager and Southeast Market Leader. “Nashville is one of the hottest real estate markets in the United States, so it only makes sense to bring in seasoned brokers who can build on our talented presence in multifamily capital markets and expand our range of services. premises for new and existing customers.”
Tabbi brings over 10 years of experience providing advisory and capital solutions for commercial property owners. He focused on the acquisition, disposition and financing of leased properties, with a specialty in government leased assets. Having achieved over $1 billion in sales volume across 26 states, Tabbi brings a vital skill set that helps customers add value throughout the transaction process. He was recognized for his sales achievements as a top performer in Newmark’s Chicago office in 2012, 2013 and 2015.
Tomchik specializes in representing office and industrial end users with a comprehensive real estate and operational strategy. His real estate experience includes assisting with facility acquisitions, expansions, consolidations, lease renewals, dispositions and lease/purchase assignments. Since beginning his tenure at Newmark in 2013, Tomchik has completed real estate transactions worth over $750 million globally. He was recognized as one of the top performers and an evasion agent within Irvine’s office of Newmark in 2020.
Newmark’s Nashville office already has a strong multi-family capital markets presence led by executive managing directors Tarek El Gammal and Vincent LeflerAfter joining Newmark in 2020 as part of a larger team focusing on building Newmark’s multi-family capital markets services in Nashville and Atlanta, El Gammal and Lefler completed several major transactions, including the sale of $120 million dollars from Knox to Metrocenter, the $100 million sale of Viera Cool Springs, which Newmark pros also arranged financing for, and the $95 million sale of Bellevue West.
Nashville has been one of many Sunbelt real estate markets that have outperformed in recent years. In a 2021 study by Newmark Research, Nashville ranked third among 22 major real estate markets in an index ranking markets by economic and property type measures. Nashville has been an investor darling for several years and has maintained its position during the pandemic, ranking first among the study’s overall capital markets metrics, which included investment volume, pricing metrics and market share. recovery potential for five main types of properties. It also ranked first in the study’s overall rankings for economy and retail. This outperformance relative to peer cities suggests that Nashville will continue to be a target for economic growth and investment for years to come.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a global leader in commercial real estate, seamlessly powering every phase of the property lifecycle. 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 enterprises. Combining the platform’s global reach with market intelligence in established and emerging real estate markets, Newmark delivers superior service to clients across all industries. Newmark generated revenues of more than $2.9 billion for the year ending December 31, 2021. Newmark’s corporate-owned offices, along with its business partners, operate from approximately 160 offices with more than 6,200 professionals worldwide. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements Regarding Newmark
Statements contained herein regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements regarding the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly significantly, from what is currently expected. Except as required by law, Newmark assumes no obligation to update forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s filings with the Securities and Exchange Commission, including, but not limited to , risk factors and special note on forward-looking statements. Forward-looking information set forth in these documents and any updates to these risk factors and special note on forward-looking information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.