One of New York City’s top-producing commercial-property sales teams is jumping from Cushman & Wakefield to rival Newmark Group during one of the worst droughts for office buildings deals in recent memory, the Wall Street Journal first reported Wednesday.  

The leaders of the team, Douglas Harmon and Adam Spies, will be co-heads of Newmark’s U.S. capital-markets business, joining Kevin Shannon and Robert Griffin.

“Doug, Adam and members of their long-tenured team joining is a testament to the growth of our platform,” said Barry Gosin, Newmark CEO, in a statement late Wednesday afternoon. “Our capital markets advisory business has seen dramatic growth. These hires are expected to amplify Newmark’s strength, upwards trajectory and momentum to become the most trusted and sought-after capital markets firm in the world for both producers and clients.”

A team at Eastdil Secured before joining Cushman & Wakefield in 2016, Harmon and Spies have been involved in deals with values totaling more than $250 billion since 1997, mostly in New York, the WSJ reported. In recent years, those sales transactions have included Google’s 2018 purchase of the Chelsea Market building for $2.4 billion and last year’s sale of the American Copper Buildings, a pair of luxury apartment towers, for $850 million.

Pictured: Doug Harmon.