Three Long Island Industrial Experts Join Newmark
Newmark has expanded its Long Island office with the addition of three industrial sales and leasing experts from Cushman & Wakefield. Executive managing director Kyle Burkhardt, managing director Joshua Cohen, and associate director Patrick Ciancimino have joined Newmark to focus on industrial sales and leasing throughout the region.
The trio joined Newmark from Cushman & Wakefield, where they completed more than 10 million square feet of transactions for institutional investment firms and Fortune 500 companies with a total value exceeding $1 billion.
“Kyle, Josh and Patrick make up one of the top industrial teams on Long Island, and they are well-regarded by their peers and work aggressively on behalf of their clients, said Chuck Tabone, executive vice president and managing director of the firm’s Long Island office.
Average asking rents for Long Island’s industrial market have increased by 47% since the pandemic, reaching an all-time high of $18.32 per square foot in Q1 2023, according to Newmark