Newmark has hired Chris Wadley away from JLL to help grow its healthcare advisory and construction management practices.
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Wadley joins the New York-based firm as vice chairman, and he will remain based in Houston, the company announced Monday. Wadley was most recently executive managing director at JLL, where he oversaw central U.S. healthcare and life sciences practices.
Wadley joined JLL in 2018 after four years at Transwestern, where he focused on healthcare investment sales. His career earned him national recognition as a healthcare real estate adviser, Newmark Southeast Market Leader Ran Holman said in a news release.
Wadley consistently ranked in JLL’s top 1% of producers and oversaw the largest medical real estate transactions in the state in 2019, 2021 and 2023, according to Newmark.
“Newmark is creating a unique environment for top producers in medical real estate,” Wadley said in the release. “They empower professionals to reach their full potential by investing in subject matter experts and prioritizing their needs first.”
Newmark has focused on healthcare talent in recent weeks, hiring Justin Shepherd as co-head of its healthcare debt and structured finance team earlier this month.
The brokerage also acquired Boston-based firm McCall & Almy Inc. in 2022. The firm specialized in several asset classes, including life sciences and medical.
In his new role, Wadley will advise health systems and medical companies on real estate management, strategies, construction and leasing.
“The growing and evolving healthcare space demands specialized real estate strategies that align with the needs of healthcare providers, real estate investors and the communities they serve,” Elizabeth Hart, Newmark’s president of leasing for North America, said in the release. “Chris Wadley’s expertise in healthcare real estate positions Newmark to offer best-in-class advisory services.”
Houston last year had the second most medical space under construction in the U.S., and Wadley told Bisnow that like retail, medical outpatient buildings will continue to be built as the city's population expands and grows.
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