December 4, 2024 4:00 PM
Newmark announces that Jay O’Meara, Justin Parsonnet and Ryan Reethof have joined the company. Parsonnet and O’Meara will serve as Vice Chairmen and Reethof as Senior Managing Director. The three will lead office investment sales in the Southeast U.S. region, encompassing Atlanta, Nashville, Charlotte, Raleigh and Florida.
“By continuing to cultivate the industry’s strongest team we enhance our capital markets offerings, creating new opportunities for Newmark’s clients,” said Barry Gosin, Chief Executive Officer. “Expanding our expertise in the Southeast U.S. is essential, given the region’s geographic advantages, favorable business environment and economic landscape which present prime opportunities for investment and innovation.”
O’Meara, Parsonnet, and Reethof are among the most respected institutional capital markets advisors in the country, with more than 65 years of collective experience, bringing a robust southeast track record of over 110 million square feet of closed transactions and $23 billion in sales volume spanning more than 25 markets. They were notably involved with the $380 million sale of Bank of America Plaza, the $201 million disposition of 3630 Peachtree and the 1.4 million-square-foot King & Queen towers—the landmark assets on which Newmark was recently engaged for agency leasing. O’Meara, Parsonnet, and Reethof have built an extensive network of institutional and private clients, including Oaktree Capital Management, Highwoods Properties, Shorenstein, Cousins Properties, CP Group and numerous high-net-worth groups.
“Hiring this exceptional group is a watershed moment for Newmark’s southeast region and our Atlanta team,” said Chad Lavender, President of Capital Markets for North America. “Justin, Jay and Ryan have proven themselves to be the most prolific and successful professionals in their market, and we look forward to further bolstering our client service and adding to our growing bench of unparalleled talent. We remain bullish on the office property sector and on the southeast region, and are excited to see where these three take us.”
O’Meara, Parsonnet, and Reethof each join from CBRE, where they consistently ranked among its top producers and were members of the Office Institutional Properties Group.
“Our methodical approach to expanding our Atlanta office has consistently yielded positive results, exemplified by our recruitment of market-leading talent across various service lines,” said Sean Moynihan, Executive Vice President, Regional Managing Director and Southeast Market Leader. “This strategic growth further enables us to effectively serve a full spectrum of owners and occupiers, and the addition of the region’s top capital markets team will drive opportunities throughout the southeast market, reinforcing our position as a market leader.”
“Recognizing the broadening reach of Newmark’s Atlanta operation and the opportunity to be part of and drive the next phase of its regional expansion, immediately resonated with us,” said Parsonnet. “We share in Newmark’s commitment to a culture of collaboration, fostering strategic relationships and delivering first-rate client-service to set a higher standard.”
O’Meara added, “With market fundamentals strengthening and a forward-looking industry outlook, we are primed to drive results across the Southeast. The firm’s industry-leading expertise, global reach, and strategic adaptability provide an unmatched foundation for success, enabling us to deliver sophisticated real estate strategies across the region.”
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. 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 companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2024, Newmark generated revenues of approximately $2.6 billion. As of that same date, Newmark’s company-owned offices, together with its business partners, operated from nearly 170 offices with more than 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
Statements in this document 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 about 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 materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any 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 Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.