Trio of Cushman leasing brokers jumps to JLL

Frank Coco, Owen Hane and Don Preate will serve as executive managing directors

TRD New York /
Oct.October 13, 2016 01:36 PM

A New York office leasing team at Cushman & Wakefield is leaving for JLL, just days after Cushman nabbed the top investment sales team in the city, sources told The Real Deal.

Owen Hane served as an executive director at Cushman, while Don Preate and Frank Coco were both executive vice presidents. They have largely handled tenant representation for firms such as Norway-based DNB Bank, Publicis subsidiary LBi and analytics software firm Media iQ Digital.

At JLL, they will each be executive managing directors, providing tenant representation and agency leasing services as well as new business services in the New York area, said a JLL spokesperson who confirmed the move. They will serve under Phil Palmer, executive managing director and head of JLL’s New York brokerage operations.

“Frank, Owen and Don are an experienced team and will be a terrific fit with our existing high-producing professionals,” said Palmer. “They will provide crucial support in growing JLL’s presence in the New York metropolitan area.”

A spokesperson for Cushman declined to comment, as did the brokers.

The brokers recently represented DNB Bank in a 45,000-square-foot lease at 30 Hudson Yards.

Hane, Preate and Coco are all industry vets, with about 30 years apiece working in New York-area commercial real estate. Coco joined Cushman in 1984, Preate in 1994 and Hane in 1997. In the past few years, the team has focused more on office leasing, after having worked with retailers such as Giorgio Armani, Tory Burch and Ermenegildo Zegna.

In 2011, JLL poached a top Cushman office leasing team including Mitchell Konsker, Paul Glickman, Matthew Astrachan, Mitti Liebersohn and Alexander Chudnoff. Those brokers have consistently been among JLL’s top producers. In 2015, JLL placed second in The Real Deal‘s ranking of top office leasing brokerages, with 10.6 million square feet of deals in 2014.  Cushman, whose stable of office brokers includes Bruce Mosler, Dale Schlater and Josh Kuriloff, placed fourth with 9.3 million square feet of deals, while CBRE led the ranking with 14.5 million square feet.

Last week, Doug Harmon, Adam Spies and Kevin Donner of Eastdil Secured’s New York investment sales team left that firm for Cushman, prompting speculation on how that move would impact the two firms and competition among industry brokers.


Related Articles

arrow_forward_ios
The Manhattan office market’s overall vacancy rate rose to a 24-year high of 13.3% in the third quarter (iStock)

Cushman & Wakefield paints bleak picture for Manhattan office market

Cushman & Wakefield paints bleak picture for Manhattan office market
Brock Emmetsberger, Tom Gammino and Will Suarez (JLL)

JLL makes cuts to I-sales team

JLL makes cuts to I-sales team
The Vitre at 302 East 96th Street with Wonder Works Construction's Joseph Klaynberg and Daniel Klaynberg (Google Maps; Wonder Works)

Wonder Works’ UES condo being shopped at foreclosure sale

Wonder Works’ UES condo being shopped at foreclosure sale
Cushman’s Brett White and Newmark’s Barry Gosin (Getty)

Newmark Group rejects Cushman & Wakefield takeover offer

Newmark Group rejects Cushman & Wakefield takeover offer
Cushman and Wakefield CEO Brett White (Getty; iStock; Cushman and Wakefield)

Lawsuits against Cushman & Wakefield target appraisers’ pay

Lawsuits against Cushman & Wakefield target appraisers’ pay
The analysis predicts that office vacancies across the world will continue upward (iStock)

Report: Office market won’t return to glory until 2025

Report: Office market won’t return to glory until 2025
The Real Deal founder and publisher Amir Korangy and Massey Knakal founder Bob Knakal

JLL’s Bob Knakal on the future of New York

JLL’s Bob Knakal on the future of New York
Cushman & Wakefield CEO Brett White and Industrious CEO Jamie Hodari (Industrious; Cushman)

Cushman partners with Industrious in bid to bring the office back

Cushman partners with Industrious in bid to bring the office back
arrow_forward_ios

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

Loading...