International real estate services firm Colliers is further expanding its presence in the New York commercial property market. The company is strengthening its local office and industrial leasing teams with two new executives, both joining the Manhattan office from Cushman & Wakefield.
John Albal joins Colliers as Senior Associate. Following almost seven and a half years at Cushman & Wakefield, he will focus primarily on tenant representation and office leasing across the Manhattan market. Over the course of his career to date, Albal has specialised in advising executives on strategic location decisions and leasing processes.
Expertise in industrial and office space across the boroughs
The industrial segment is also receiving reinforcement: Joseph Hentze Jr. assumes the role of Vice President at Colliers, overseeing industrial leasing activities across all five boroughs of New York City from the Manhattan office. Hentze previously spent nearly six years at Cushman & Wakefield, most recently as Director, where he managed industrial transactions on both the tenant and landlord sides across Manhattan and the outer boroughs.
John Gallagher, Executive Managing Director at Colliers in New York, emphasised that both recruits bring valuable market experience, strong client relationships and an in-depth understanding of the New York market landscape. With many companies currently reassessing their space requirements and making more strategic real estate decisions, experienced advice is more critical than ever in this evolving market.
Advisory profiles and market opportunities in focus
- —As Senior Associate, John Albal focuses on tenant representation and office leasing in Manhattan.
- —As Vice President, Joseph Hentze Jr. manages the leasing of industrial and logistics space across all five boroughs.
- —Together, the two advisors possess more than thirteen years of transaction experience at Cushman & Wakefield.
On the occasion of his move, Albal stated that Colliers combines a strong tenant advisory business with in-depth research and a globally recognised platform. Hentze highlighted that the New York industrial market presents distinctive opportunities for occupiers, noting that his objective is to support owners and occupiers with operational requirements and sustainable growth objectives. Their former employer, Cushman & Wakefield, declined to comment on the appointments.
