MINNEAPOLIS (Sept. 7, 2023) — Northmarq is honored to be named by GlobeSt.com as a 2023 Net Lease Influencer. GlobeSt. Real Estate Forum’s Influencers in Net Lease Real Estate features professionals, teams and organizations that have helped shape the net lease field today and for tomorrow.
2023 Net Lease Influencers
It has not been an easy year in the net lease space, but the men and women who help close these deals have persevered, bringing their “A” game to the table. Even as dealmaking has stagnated, new opportunities have arisen for buyers and sellers and the smart people have rushed to take advantage of them or at least guided their clients to do so. With this recognition, we acknowledge the industry wherewithal that these people and companies have accumulated over time and used to maximum advantage in these uncertain conditions.
Northmarq gained a legacy focus on the single-tenant net lease sector in 2022 when it acquired Stan Johnson Company, which has focused on net lease since its inception. Led by CEO Jeffrey Weidell, Northmarq’s expertise includes single-asset and portfolio sales, as well as sale-leaseback transactions, 1031 exchanges and zero cash flow transactions that span all types of commercial assets including retail, office, industrial, healthcare and specialty properties.
Northmarq has closed more than 7,700 net lease transactions totaling more than $49 billion in sales activity all time, and in the past three years, it has closed more than $11.3 billion in net lease transactions. Recent net lease closings include a Whole Foods in Chicago that sold to a family office for $18 million, Vibra Rehabilitation Hospital that sold to a group of private investors for $69 million, eight industrial equipment rental facilities sold individually each to private exchange buyers for a total of $36.2 million, and a newly constructed DaVita Dialysis clinic in Santa Maria, Calif., that was listed and sold with a record cap rate for all DaVita sales.
During the pandemic, Northmarq moved closer to clients and provided key data and advice to aid them in making investment decisions while encountering unprecedented market conditions. To stay ahead of major changes in the market and other Black Swan events, the firm intentionally invests in tracking, aggregating and providing market intelligence to brokers and clients with a forward-looking outlook. This market data aids in identifying headwinds and in taking advantage of future tailwinds.
Northmarq is committed to giving back to its communities through its Northmarq Neighbors program. It supports organizations throughout the nation that provide affordable housing and work to reduce homelessness, such as a Safe Haven Foundation in Chicago, Friends of Boston’s Homeless and New Hope Housing in Houston.