By Joshua Burd
A veteran investment sales broker in CBRE’s New Jersey and Philadelphia markets has earned a promotion to vice chairman, the highest title for producers within the company.
The real estate services firm on Monday announced the new title for Brian Fiumara, who has more than 20 years of industry experience. He is one of just three CBRE sales professionals in the greater Philadelphia region and New Jersey to achieve the position.
“Brian’s promotion to vice chairman is so very well deserved,” said Jack Fraker, managing director of global industrial and logistics for CBRE. “His tremendous work ethic, market knowledge, industry relationships, presentation skills and winning personality have helped position CBRE as a market leader in New Jersey, the New York boroughs and the greater Northeast region in general. He is a team player and in so many ways, he is the future for CBRE in the industrial and logistics sector.”
Fiumara, who represents institutional and private equity clients in buying and selling income-producing properties and development opportunities, works in tandem with Michael Hines, Brad Ruppel and Lauren Dawicki. The team completed 42 industrial transactions in 2018, totaling 28 million square feet and comprising $2.19 billion in total value.
In 2019, Fiumara and his team were involved in some of the largest transactions in the region, including the sale of a 33-property, 129-acre industrial portfolio on behalf of The Hampshire Cos. Colony Industrial acquired the portfolio as part of what CBRE described as a multifaceted transaction.
“Brian has been at the forefront of the most market-changing industrial and logistics transactions in the Northeast, and this promotion is well deserved. Brian’s unmatched knowledge of the industry and his extraordinary work-ethic allow him to provide clients with first-class results,” said Adam Mullen and Jeff Hipschman, CBRE’s market leaders for greater Philadelphia and New Jersey, respectively. “In addition to his outstanding achievements, Brian is a trusted mentor and role model to many of his colleagues.”