Newmark is continuing its aggressive hiring strategy with the addition of capital markets veteran Jack Fraker.
Fraker has been named the firm’s president and global head of industrial and logistics, according to a news release. Prior to joining Newmark, Fraker worked for nearly two decades in the capital markets industrial practice at CBRE. He left CBRE in January 2022, according to his LinkedIn profile.
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“Newmark is known in the industry for having a deep bench of talent and prioritizing client needs through an entrepreneurial culture and the strength of its capital markets practice,” Fraker said in a statement. “The palpable spirit of collaboration and vision among Newmark professionals led to my decision to join the firm.”
Fraker has collected some of the industry’s most revered accolades and has been a consistent top producer in industrial investment sales, per the release. He has completed transactions totaling 1.5B SF and $85B in more than 60 U.S. cities — as well as Mexico, Europe, Japan and South America — and closed approximately 12,000 acres' worth of development site transactions.
News of Fraker’s hiring comes on the heels of four top capital markets executives leaving JLL for Newmark last month. Before that, the firm made headlines when it poached New York capital markets experts Doug Harmon and Adam Spies.
CEO Barry Gosin said expanding the firm’s capital markets business is an intentional move meant to accelerate growth nationally and globally.
“We expect to continue this momentum, striving to attract top industry talent across verticals and aligning our advisors’ capabilities to meet client needs,” Gosin said in a statement. “Jack, a household name in the industrial investment sector, will be an incredible value-add and help to drive forward Newmark’s client offerings.”
Newmark has moved at breakneck speed to grow its foothold in capital markets.
While U.S. investment sales volumes increased by 27% and debt originations grew by 42% between 2015 and 2022, Newmark’s respective volumes grew 10 times faster than the overall market over the same period, according to a news release.
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