News: Brokerage

C&W names Packman to senior managing director

Marc Packman, an office space marketing and leasing specialist based in Cushman & Wakefield's Downtown office, has been promoted to senior managing director in the firm's Strategic Agency Services Group. He was previously a managing director and has been with the firm since 2005. Cushman & Wakefield's Strategic Agency Services Group is the firm's specialized service group working in tandem with the brokerage and property management teams on behalf of property owners, generating and implementing asset plans throughout all phases of the agency leasing process. Packman focuses on property positioning, formulating and implementing leasing strategies and creating avenues for tenant retention while developing opportunities to improve profitability and increase overall asset value. "We congratulate Marc on this well deserved promotion," said Suzy Reingold, executive managing director and head of Cushman & Wakefield's New York offices. "Over the past few years, our Strategic Agency Services Group has continued to enhance Cushman & Wakefield's ability to serve the needs of property owners and investors to best position their properties for success, and Marc has been an outstanding contributor to that effort." Packman has 12 years of experience in New York commercial real estate. Some of his most significant accomplishments include his role in a 320,000 s/f renewal and expansion for Latham & Watkins at the Lipstick Building at 885 Third Ave., a 267,000 s/f lease with GE Capital at 777 Long Ridge Rd., a 112,000 s/f lease and a 117,000 s/f expansion with DE Shaw at 1166 Avenue of the Americas, a 115,000 s/f lease with Horizon Media at 1 Hudson Sq., a 101,000 s/f lease with AT&T at 77 Water St., and a 100,000 s/f lease with Eli Lilly / ImClone at East River Science Park. Currently, Packman is involved in the leasing agency programs for more than 10 million s/f of premier Manhattan properties on behalf of clients including Trinity Church (1 Hudson Sq.), Goldman Sachs (77 Water St.), Capital Properties (111-115 Broadway), Union Investment Real Estate AG - formerly DIFA (140 Broadway), Alexandria Real Estate Equities (East River Science Park) and The Port Authority of New York and New Jersey (One World Trade Center). Prior to joining Cushman & Wakefield, Packman, was a director of Leasing at Tishman Speyer, where during his tenure he handled leasing for every Tishman Speyer property in the New York area, including Rockefeller Center and the Chrysler Building - a portfolio totaling more 10 million s/f. Packman received his bachelor's degree in finance from Washington University in St. Louis. He is currently an active member and the former membership chairperson of the Young Men's/Women's Real Estate Association. He is also an active member of the Real Estate Board of New York.
MORE FROM Brokerage

CM&B completes Activate Games’ NYC debut in Union Square

Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking