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
“[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.