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Midwest Capital Markets Group

Company: 

Newmark

Sales Total

$170 million

Closed on 11 deals totaling $170 million

Highlights include negotiating the sale of Midtown III at $230 per square foot

The Midwest Capital Markets Group at Newmark focuses on Midwest office and flex investment sales from their home base in Chicago. The four-broker team completed 11 office and flex transactions in five markets and four states in 2023, at a total sales volume of $170 million. The team is led by Jim Postweiler (executive managing director) and includes Peter Harwood (senior managing director), Derek Fohl (senior managing director) and Jack Trager (associate director).

Notable highlights included the sale of Midtown III in Carmel, IN; at $230 per square foot, the deal represented the highest per-square-foot sale for a multitenant office in the Midwest. Other standout transactions in suburban Chicago included the 341,092-square-foot Reserve at Deer Park, the seven-building Woodlake Corporate Park and the 489,587 square-foot Windy Point I & II. Added to the mix were One and Two Riverwood in suburban Milwaukee, involving a coordinated short sale in a soft submarket.

These are some of the reasons we selected the Midwest Capital Markets Group as one of the Chicago & Midwest winners in Connect CREs 2024 Top Broker Awards. These awards recognize industry professionals who have demonstrated the highest standards and transaction volumes in investment sales and leasing.  

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Inside The Story

Jim PostweilerPeter HarwoodDerek FohlJack Trager

About Amy Wolff Sorter

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