Newmark recently hired Scott Johnston as a principal in the firm’s Washington, D.C. office.
In his new position, Johnston will head up a newly formed Landlord Services Group for the Washington, D.C. metropolitan area. Additionally, he will also develop and lead the company’s new initiative: a national Government Investment Services Group.
Patrick W. Nalls, managing principal, states, “as the industry continues to consolidate, we are well positioned to make a real impact in the Landlord Representation business in the Washington metropolitan area. We are very excited to have such a seasoned veteran as Scott join our team at Newmark and head up our Landlord and Government Investment Services groups. These initiatives also further enhance our goal of being the premier real estate service provider in the Washington area.”
“I am excited to be a part of this important new strategy for Newmark,” Johnston says. “The addition of a Landlord Services Group is a perfect compliment to the services already provided by the firms’ D.C. office, and I look forward to spearheading that effort.”
Johnston adds, “With the federal government being the largest user of space in the Washington, D.C. area, Newmark clients will greatly benefit from services that are focused on meeting the requirements of this specialized area.”
With 18 years of real estate experience, Johnston has negotiated and consummated more than 600 leases valued in excess of $3 billion and totaling in excess of eight million square feet on behalf of investors. Prior to joining Newmark, he was a senior vice president with Jones Lang LaSalle and Spaulding & Slye, where he was an integral member of the Investor Services and the Government Investor Services teams. Prior to that, he was a vice president and director of leasing for Blake Real Estate Inc., where he was responsible for the leasing, asset management and marketing of a 2.8 million-square-foot portfolio.
Johnston attended Duke University where he earned a B.A. in History and Political Science. He also attended George Washington University where he received an M.B.A. in Finance and Real Estate.
Newmark is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank operate from over 165 offices in established and emerging property markets on six continents. Last year, transactions were valued at more than $37.3 billion with annual revenues of over $537 million. With a combined staff of more than 5,300, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For further information, visit www.newmarkkf.com.