Oklahoma investment sales firm opens office in New York

New York /
Sep.September 22, 2011 06:34 PM

Another commercial real estate firm is looking to get into the New York City market.

Oklahoma-based investment sales company Stan Johnson opened its first
New York City office earlier this month, GlobeSt.com reported.

The office has been staffed with two executives who will focus on
single tenant net lease opportunities in the Northeast.

“I think New
York is a very attractive market to us,” Harold Briggs, executive
manager of Stan Johnson, told GlobeSt.com. “It’s been on the strategic
radar for us for quite some time. We’ve been on a pretty aggressive
expansion plan nationally, having previously opened up offices in
Houston, Chicago and Los Angeles and New York is just the next logical
evolution for us.”

Jason Maier and Tom Georges are working as associate directors in the
New York office, which is located at 41 Madison Avenue, by 26th Street. Maier worked
at Massey Knakal Realty Services for five years, before starting his own
net lease company. He then became interested in the firm Stan Johnson, “who was
looking at the New York market and realizing that there was a real
opening here for a focused company that was just specializing in the
net lease market.” Georges previously worked at CoStar Group,
where he was a senior account executive for the New York and New
Jersey market.

“[The Northeast] is probably our strongest market in terms of our
buyer base,” Briggs said. “We’ve got a lot of institutional clients
that we’ve done business with for a lot of years on the buy side.
We’ve also had a decent amount of success on property that’s based in
the Northeast. This year alone we’ve closed upward of $350 million in
assets that were based in the Northeast.”

While the firm just opened its first New York City office this month, the brokers are not new to the new New York City market.

Ken Hedrick, director of investment sales at Stan Johnson
recently represented the buyer of Extell Development’s UN
building in a $114 million deal.


And it is not the only firm seeking to gain more of an entrance into the New York City market.

Canadian commercial brokerage Avison Young is also looking to expand
in New York.
 

[GlobeSt]


Related Articles

arrow_forward_ios
Avison Young CEO Mark Rose

Avison Young trims tri-state workforce

Avison Young trims tri-state workforce
250 Church Street with Normandy’s founding partners Jeff Gronning, Finn Wentworth and David Welsh (Credit: Google Maps, Normandy)

Columbia, Normandy close on $205M purchase of 250 Church Street

Columbia, Normandy close on $205M purchase of 250 Church Street
Westchester & Fairfield Cheat Sheet: WWE body slams former Stamford HQ, Port Chester developer pleads guilty to tax charges… & more

Westchester & Fairfield Cheat Sheet: WWE body slams former Stamford HQ, Port Chester developer pleads guilty to tax charges… & more

Westchester & Fairfield Cheat Sheet: WWE body slams former Stamford HQ, Port Chester developer pleads guilty to tax charges… & more
Westchester & Fairfield Cheat Sheet: New Rochelle resi tower sells for $259M… & more

Westchester & Fairfield Cheat Sheet: New Rochelle resi tower sells for $259M… & more

Westchester & Fairfield Cheat Sheet: New Rochelle resi tower sells for $259M… & more
Industrial development slowing slightly nationwide, after strong growth: report

Industrial development slowing slightly nationwide, after strong growth: report

Industrial development slowing slightly nationwide, after strong growth: report
Avison Young hires CBRE top producers

Avison Young hires CBRE top producers

Avison Young hires CBRE top producers
New York City REIT taps Avison Young to lead marketing at 1140 Sixth Avenue

New York City REIT taps Avison Young to lead marketing at 1140 Sixth Avenue

New York City REIT taps Avison Young to lead marketing at 1140 Sixth Avenue
Colliers International president Joe Harbert decamps for Avison Young

Colliers International president Joe Harbert decamps for Avison Young

Colliers International president Joe Harbert decamps for Avison Young
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...