Saddle Brook, NJ - CBRE announced that Thomas Monahan has joined the exclusive ranks of CBRE’s top producers, earning the title of Vice Chairman, the highest rank for CBRE professionals. Mr. Monahan is the fourth leasing professional within CBRE’s Americas Industrial & Logistics business – and the first across all business lines in New Jersey – to earn the title.

Mr. Monahan was the top producer in 2017 in CBRE’s Americas Industrial & Logistics business, completing more than 50 transactions with an aggregate value of more than a half-billion dollars. Tom consistently ranks as CBRE’s top producer in New Jersey and among the top one percent throughout the country for the company.

“This well-deserved title reflects the exceptional performance of Tom and his team, including their relentless drive to best serve their clients and their deep knowledge of their markets,” said Adam Mullen, CBRE Americas Leader of Industrial & Logistics. “Tom’s team is highly respected among owners and occupiers throughout the New Jersey and New York markets, which are vitally important markets in both U.S. and global logistics.”

Mr. Monahan has been at the forefront of several market-changing transactions, including the $820 million portfolio sale between Morris Companies and Prologis in 2015, which included eight industrial properties and 13 retail centers. More recently, he and his team handled a 923,000-sq.-ft. lease to an e-commerce company in Edison on behalf of Seagis Property Group, and a 695,000-sq.-ft. lease to a Fortune 100 Company on behalf of Prologis, also in Edison.

Mr. Monahan and his partners also advised Bridge Development / Duke Realty on the highly successful e-Port project, including site acquisition, development advisory, marketing and lease-up, and portfolio disposition for this three-building project totaling over 1.2 million sq. ft.

“Our clients rely on CBRE’s world-class professionals to provide the solutions and outcomes they need, and Tom exemplifies what it means to deliver, and often over-deliver, for them,” said Jeff Hipschman, senior managing director, CBRE. “I’m proud to recognize this major milestone achievement for Tom and his team.”

Monahan has been recognized year after year by the Society of Industrial and Office Realtors (SIOR)—the industry’s leading consortium of industrial and office real estate professionals—as the region’s top industrial sales producer.

Beyond his production achievements, Mr. Monahan takes great pride in the hard work, dedication and many achievements of his team: Anastasia Lazarides, Stephen D’Amato, Larry Schiffenhaus and Gerard Monahan.