Bret Hardy

Executive Managing Director

E: bret.hardy@nmrk.com P: 213-596-2219

CA RE License #01240548

Bret Hardy joined Newmark in 2017 at the firm’s Downtown Los Angeles office, where he serves as an Executive Managing Director and member of the U.S. Capital Markets team, led by Kevin Shannon. Hardy focuses exclusively on managing institutional industrial investment sales in the firm’s Western Region. A 27-year industry veteran, Hardy has served as the lead broker on eight multistate/nationwide single-tenant portfolio dispositions and has completed transactions with a combined value of $4.6 billion. He brings to his position a deep understanding of structured finance vehicles such as synthetic leases, sale/leasebacks, UPREITs, joint ventures and alternative tax-oriented leased investments. He also has extensive knowledge and expertise in the field of single-tenant new lease properties.

Hardy joined Newmark after more than 16 years in the Los Angeles office of Colliers International. He began his tenure there as an executive managing director and leader of the firm’s corporate finance practice. In this role, he provided transaction and consulting services to private and institutional clients, specializing in asset disposition, cash flow optimization, tax mitigation and GAAP/financial statement enhancement. After 2008, he concentrated on institutional industrial investment sales. Prior to Colliers, Hardy served as Director of Cushman & Wakefield’s West Coast consulting practice and as controller for the Irvine Company’s industrial and office divisions. He began his corporate real estate career in the Newport Beach office of Price Waterhouse (now PricewaterhouseCoopers).

Partial List of Significant Sales Transactions

Represented	Property	Location	Size	Buyer	Price
AIC Portfolio Sales(1)	82 industrial properties	National	13.4 million SF	Multiple	$709.8 million
Department of the Navy	MCAS Toro (Heritage Fields)	Irvine, CA	3,719 acres	Lennar Development	$649.5 million
DST Systems	DST Portfolio	Portland, OR	1.4 million SF	Oak Street Capital	$135 million
Washington Holdings	Commerce Parks & I-84 Portfolio	Portland, OR	1.4 million SF	Lincoln Property Advisors	$112.3 million
Krausz Companies	RCDC — 14-building industrial park	Ranch Cucamonga, CA	1.4 million SF	LBA/Morgan Stanley	$83.6 million
Bechler Corp.	Bechler Southern California Industrial Portfolio	Cerritos and Rancho Dominguez, CA	1.0 million SF	Multiple	$81.2 million
Chevron (2)	La Mirada Logistics Center	Mid-Counties	22.7 acres	Duke Realty	$37 million
WDC Properties (3)	Overton Building	Portland, OR	61,953 SF	Empire Square	$30.9 million
Prologis/IAC (4)	755 North Nash Street	El Segundo, CA	74,696 SF	Cohen Asset Management	$22.6 million

(1) Multiple national industrial single-tenant net leased portfolios
(2) The $42.90 per net developable land area of 19.8 acres was the highest price paid for Mid-Counties industrial land in the post-recession era
(3) Highest price per square foot achieved within the Portland office market at the time of sale
(4) Highest price per square foot achieved for an industrial investment within the South Bay market at the time of sale