NGKF Brings Office Heavy Hitters on Board

ORLANDO—Newmark Grubb Knight Frank (NGKF) just added two team members to its Orlando office. Dan Caligiuri and Jason Schrago both join as executive managing directors, leading the firm's Orlando market efforts.

Together, Caligiuri and Schrago bring a combined 55-year track record of experience in the Orlando market. The duo has secured economic incentives for many local corporate and regionally headquartered clients, generating more than $15 million in awards from state and local municipalities.

“As the top city for job growth, Orlando is one of the increasingly competitive markets within the southeast," says Brett Hunsaker, executive vice president and regional managing director for NGKF in the Southeast and Mid-Atlantic. "We have recruited two of the top producers within the Orlando market. These heavy-hitters bring the right experience to the table and align with the culture we are building. This new team will strengthen our proficiencies from a local footprint perspective, as well as grow the region on a larger level."

Caligiuri and Schrago have worked for some of the nation's top commercial real estate firms, including Trammell Crow Company and CNL Commercial Real Estate. Beyond the dynamic duo, NGKF also hired Penny Ezell as a transaction coordinator. She has worked with both Caligiuri and Schrago for over 16 years, and the two credit her role on the team as a key to their success.

“Central Florida office space market is heating up with developers positioning to announce and then start construction on new, multi-tenant and mixed-use buildings in Orlando's CBD while suburban markets are still trying to fill large holes,” Caligiuri tells Globest.com. Caligiuri has over 30 years of corporate business development and brokerage experience both nationally and internationally across a variety of business sectors. He will lead new business development initiatives and perform economic incentive negotiation.

“History will soon repeat itself with tenants expected to migrate away from Orlando's CBD due to escalating rents and rising monthly parking to the burbs where rents are generally 25% to 30% less and without charging for surface and covered parking spaces,” Schrago tells GlobeSt.com. Schrago will be responsible for business development and execution of all commercial real estate offerings. With over 23 years of experience in leading office space transactional needs, Schrago has represented some of the country's most recognized companies.