Newmark Grubb Knight Frank recruited regionally renowned investment sales producer Vice Chairman John Jugl of Denver to its western region capital markets group.
Jugl, who has completed more than 24 million square feet of investment sales transactions valued at more than $4.5 billion in his 17-year commercial real estate and financing career, leaves HFF, as his partner Mary Sullivan, renowned Denvercommercial real estate broker, announced her retirement. Jugl brings with him a five-person team to NGKF Capital Markets, including Senior Transaction Manager Paul Donahue, Senior Financial Analyst Craig Kalman, Research Analyst Frazier Cavness, Senior Marketing Coordinator Andrea Mehlem and Senior Graphic Designer Erica Marquis.
“NGKF Capital Markets continues to expand upon its market leadership position with the addition of premier talent in key markets throughout North America,” stated Barry Gosin, chief executive officer of Newmark Grubb Knight Frank. “John’s commitment to NGKF further elevates our client service delivery, expanding the western region NGKF Capital Markets team lead by Kevin Shannon. This addition continues NGKF’s strategy to aggressively build a best-in-class capital markets platform nationally.”
“NGKF’s global platform and entrepreneurial culture provide a perfect fit for my team,” commented Jugl. “I have been so fortunate to work with the best professionals throughout my career, clients as well as real estate professionals, and I am excited at the opportunity to augment client service delivery through NGKF tools and best practices, aligned with a world-class team.”
“We embarked on a strategy to develop a superior western region NGKF Capital Markets team since our team joined NGKF nine months ago,” said Shannon, president of West Coast Capital Markets. “Our success in adding over 75 capital markets professionals in the western U.S. in the last year speaks to the attractiveness of the NGKF platform and most importantly the type of collaborative people we are hiring. When you hire good people, more good people want to join. Landing John will also help our platform proficiency for large net-leased investment assignments given his exceptional expertise in that space.”
Throughout Jugl’s career, he has provided strategic advisory services on more than 20 million square feet of corporate real estate assets, participating in the sale and equity financings of numerous iconic Denver assets for both regional and institutional clients including AmCap, Crescent Real Estate, DPC Development Co., Gart Properties, Hines, Invesco Real Estate, JP Morgan, LBA Realty, Lincoln Property Co., SteelWave, TIAA-CREF, UBS Realty Investors and Western Development. Prior to NGKF Capital Markets, Jugl was the co-leader of HFF’s Denver office’s sales platform, primarily responsible for office, industrial and retail investment sales throughout the western United States. Jugl also was co-leader of JLL’s Denver Investment Sales team.
NGKF has been expanding its service lines to better accommodate client requirements. Denver was ranked fourth among U.S. markets to watch in 2015 in the Emerging Trends in Real Estate report, due in large part to its popularity with millennials, concentration of technology and energy firms, strong local economy and active development community.
NGKF Denver research notes Denver’s office investment market posted total sales of 14.0 million square feet totaling $2.6 billion in 2015, the best performance since 2007. 2016 started strong with year-to-date totals of 7.6 million square feet valued at $1.3 billion and recently was named 10th in terms of 12-month sales volume, with $12.3 billion. “Denver’s expansion, both in terms of population and employment growth, has made the market more viable from an investment perspective – and investors are taking notice,” added Jugl.