PHOENIX—GDC/RE founders JoeDoucett and Tim Gunnink are bringingtheir team of sought-after retail specialiststo Newmark Grubb Knight Frank's Phoenixoffice, where the number of real estate professionals has grownfourfold in the past two years.

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With nearly 25 years of real estate experience between them,Doucett and Gunnink will join the retail division of the Phoenixoffice as senior managing directors. Following them are JosephHoye, director; Tim Westfall, associate director; Ryan Moroney,associate; and Chris Osborn, associate. The group brings more than8.4 million square feet of listings, representing 48 retailproperties.

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Doucett and Gunnink founded Phoenix-based GDC/RE in 2009. Withinfive years, the firm became one of the top retail firms in theWestern US, offering consulting services, retailer representationand leasing and investment sales services. Prior to GDC/RE, Doucettworked with The Corritore Company, representinghigh-profile, mixed-use developments and lifestyle centers alongwith specialty retailers. Gunnink was a vice president at PhoenixCommercial Advisors.

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"Retailers and retail property owners are demanding moreefficiency from their real estate to achieve sustainability andgrowth," says. Gunnink. "NGKF's platform of enhanced services andcapabilities, including its entire suite of real estatedisciplines, its access to financing and capital markets and itsinternational footprint, equips our team to position our clientsfor further success."

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The addition of the GDC/RE team follows several other key hiresat NGKF in Phoenix. This spring, the office welcomed directorsKathleen Morgan and TrishaTalbot, both from GPE CommercialAdvisors, where they specialized in medical officeproperties. Together, they brought 1.2 million square feet ofprimarily medical office listings in the greater metro area andbecame part of NGKF's Global Healthcare Services practice.

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Jerry Jacobs,executive managing director, and Michael Crystal,managing director, both joined from Cushman &Wakefield, also in spring 2014. Specializing in officetenant and landlord representation, they added two million squarefeet in listings, comprising class A high-rise buildings and classB mid- and low-rise buildings in the Phoenix CBD and surroundingarea. Last year, Jacobs was recognized as one of the top producersin the Phoenix area. Crystal has leased and sold over five millionsquare feet of office space during his tenure and is involved inmore than 80 lease transactions each year.

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"Our robust expansion not only demonstrates NGKF's commitment tothe city and greater region, but it also is part of the company'sbroader and ongoing goal to be the commercial real estate servicefirm of choice nationwide and globally through key partnerships,strategic acquisitions and the hiring of more top-notchexecutives," Pete Bolton, executive vicepresident and managing director of NGKF's Phoenix office, tellsGlobeSt.com.

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"Phoenix has been experiencing rapid population growth for yearsand its economy and job picture is now improving steadily. Thattranslates into more activity in commercial real estate and theneed for more experienced, connected brokers. For example, in theoffice sector, tenant expansions are the largest generator ofactivity in the Valley amid tightening conditions. The medicalindustry continues to be a huge occupier of office spacethroughout the county with a big emphasis on the purchase ofmedical office buildings and condos. In retail, we're seeingmany new tenants establishing a presence in what has alwaysbeen one of the biggest retail meccas in the country.Restaurants are booming with the proliferation of new concepts andthe expansion of existing ones," Bolton adds.

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