CBRE Picks Up Brad Cohen and Team From Eastern Consolidated
CBRE has hired Eastern Consolidated‘s Brad Cohen, Jacob Tzfanya and Jon Kamali and the trio will continue to focus on owner and occupier advisory in the outer boroughs, Commercial Observer has learned. The team, working out of the firm’s outer-borough office in Long Island City, Queens, starts next week.
“As the interdependency between the industrial and retail sectors continues to escalate, this team will provide our clients with expanded market expertise to fully leverage the opportunities created by shifting ownership and occupancy trends,” Jeff Hipschman, the CBRE practice leader for the northeast industrial and logistics division, said in prepared remarks.
Cohen and Tzfanya, leasing experts, are joining CBRE as senior vice presidents and Kamali, a technology expert, will serve as a senior associate.
“CBRE is a true powerhouse in commercial real estate,” Cohen said in a statement. “My team and I were drawn to the company for many reasons, including the firm’s multitude of different service lines and its proprietary technology, which will significantly benefit our clients and let us help them with all of their real estate needs. We’re also excited about the emphasis that has been put on the northeast divisions of retail and industrial and logistics.”
This year, the team represented Realterm Logistics in its $100 million purchase of Modell’s 300,000-square-foot warehouse in the Morris Park section of the Bronx. And for Terreno Realty, the brokers negotiated the $25.2 million acquisition of Bulova’s 83,000-square-foot headquarters at 26-15 Brooklyn-Queens Expressway in Woodside, Queens. Rebranded as the BQE Logistics Center, the trio is now leasing the building’s 66,300 square feet of warehouse space and its 16,700 square feet of office space.
On their hiring, Daun Paris, the co-founder and president of Eastern Consolidated, said: “Brad, Jacob and Jon met at Eastern and found synergy in working together combining investment sales expertise and leasing to great financial success. They are all very talented brokers and we are pleased they have found a wonderful new home at CBRE.”
As CO was the first to report, the Eastern Consolidated co-founders announced on June 15 that they are closing down the firm in July.
The silver lining, GFI Realty Services President Michael Weiser told CO recently, is that “Eastern’s closing will provide opportunity for hirings.”