NEW YORK CITY—A team of three net-lease commercial brokers has left Tulsa, OK-based Stan Johnson Co. and joined Newmark Knight Frank, Globest.com has learned exclusively.
The team, led by newly named NKF executive managing director Ken Hedrick, has closed more than 280 transactions totaling nearly $2.25 billion in sales. Also joining Newmark Knight Frank are senior managing directors Jerry Hopkins and Andrew Ragsdale. The three will be based out of the brokerage firm’s Tulsa office and will work on national accounts.
Hedrick and Hopkins bring to the firm nearly 25 years of expertise in retail, office and industrial single-tenant deals. The team boasts a host of high profile transactions nationwide including the United Nations office building in Manhattan, a national portfolio of CVS properties in addition to approximately 60 FedEx facilities and 40 Tractor Supply-leased properties. The team has negotiated numerous transactions on behalf of institutional and high-net-worth individuals and specializes in managing complex, tax-deferred 1031 exchanges, Newmark Knight Frank states.
Ragsdale, a licensed attorney, comes to NKF with approximately nine years of commercial real estate experience in handing acquisitions and dispositions of single-tenant retail, industrial and office properties.
“It has been a pleasure working with the Tulsa team and recruiting them into the NKF organization,” says U.S. head of capital markets and president, New England area Robert Griffin. “They possess the character, work ethic and innovative forward-thinking that is necessary to succeed in this business. They dovetail perfectly with NKF’s culture, and we can’t wait to work more closely with them.”
“Having net-lease specialists provides NKF with another valuable tool for our clients,” adds NKF president, West Coast capital markets Kevin Shannon. “Adding their expertise to NKF will augment our capital access for certain net-leased assignments in primary, secondary and tertiary markets. It’s another win for NKF’s growing capital markets division.”