Member, Newmark Industrial Advisory Board
Terry Coyne is a Vice Chairman in the Cleveland office of commercial real estate services firm, Newmark. He is an established commercial real estate broker specializing in large, complex, industrial and investment properties in northern Ohio. While he relies on the latest data, trends and forecasts to inform his work, his passion is people. Coyne values his strong professional network and serves as a reliable resource to clients and peers.
His commitment to the greater Cleveland area is evidenced in the variety of deals he has completed, as well as his civic engagement. Coyne is applying his successful model based on expertise, partnership and persistence to grow into new markets in Columbus, Toledo and Dayton.
In the last 5 years alone, Coyne and his team have brokered 250 transactions valued at more than $1.2 billion. Coyne is consistently rated one of the top producers for Newmark and has been recognized by industry associations and leaders.
During his 25-plus-year career, Coyne has successfully negotiated thousands of transactions totaling over $5 billion in total consideration value.
Partial List of Lease Transactions
As a tenant representative:
- I-X Center, 6200 Riverside Drive, Cleveland, Ohio, GOJO Industries (Purell®): 765,281 SF
- 10345 Philipp Parkway, Streetsboro, Ohio, L’Oreal USA Inc.: 649,250 SF
- 1200 S. Chillicothe Road, Twinsburg, Ohio, McMaster-Carr Supply Company: 409,495 SF
As a Landlord representative:
- Three (3) Spec Buildings, Cornerstone Business Park, Twinsburg, Ohio, Scannell Properties: 762,000 SF
- 1250 George Road, Ashland, Ohio, Ashland Distribution Center, LLC: 602,378 SF
- 1147 Akron Road, Wooster, Ohio, InSite Wooster, LLC: 347,522 SF
Partial List of Sale Transactions
Representing seller:
- 12850 and 13000 Darice Parkway, Strongsville, Ohio: AIC Ventures sold to VEREIT ID Strongsville OH, LLC, $37.9 million
- 30339 Diamond Parkway, Glenwillow, Ohio: Diamond Center One Weston, LLC sold to Plymouth 30339 Diamond Parkway LLC, $27 million
- 10345 Philipp Parkway, Streetsboro, Ohio: Geis Companies sold to Lexington Realty Trust, $28.88 million
Representing buyer:
- 4676 Erie Avenue, Navarre, Ohio: GOJO Industries (Purell®) acquired from Prophecy Massillon, LLC, $32 million
- 925 Euclid Avenue, Cleveland, Ohio: Hudson Holdings, LLC acquired from Optima 925 LLC, $22 million
- 5700 Lee Road, South, Maple Heights, OH: GOJO Industries (Purell®) acquired from PZ05 Maple Heights OH LLC, $11.36 million
Partial Client List
- GOJO Industries (Purell®)
- Rugby Realty
- Scannell Properties
- STAG Industrial
- Thompson Hine
Professional Achievements
- Top Producer, Newmark Cleveland office, 2002 - present
- Top Producing Industrial Broker, Newmark, 2013, 2014, 2016, 2017, 2019
- Top 20 Broker Nationwide, Newmark, 2014-2020
- Top 50 Broker Nationwide, Newmark, 2013
- Multiple award winner, Broker of the Year, Industrial Transaction of the Year, Investment Broker of the Year, NAIOP
Professional Affiliations
- Member, Industrial Advisory Board, Newmark
- Member, Society of Industrial and Office Realtors (SIOR)
- Certified Commercial Investment Member (CCIM)
- Leadership Cleveland Class of 2006
Personal Affiliations
- Board Member, Rock and Roll Hall of Fame Museum
- Board Member, Village Capital Corporation
- Board Member, Innovate Ohio
- Board Member, Flats Forward
- Real Estate Committee, Greater Cleveland Food Bank
- Board Member, Cleveland Neighborhood Progress
- Board Member, Greater Cleveland Sports Commission
- Past Board Member, Seeds of Literacy
- Past Board Member, Magnificat High School
- Past Board Member, John D. Oil & Gas (JDOG)
- Past Board Member, Energy West (EWST)
Education
Coyne graduated from the University of Chicago, where he earned a Master’s Degree. He also earned a Bachelor of Arts in Political Science from the University of Notre Dame and has additional credit hours from St. Catherine’s College, Oxford University.
