Marc Petrella joined Cushman & Wakefield of New Jersey, Inc. in 2011 as an industrial salesperson and has worked in industrial real estate for the past 23 years. Prior to joining Cushman & Wakefield, Mr. Petrella was First Vice President/Market Officer at Prologis responsible for the overall performance and profitability of Prologis’ 18.6 million square real estate portfolio in New Jersey with a capital value in excess of $1 billion. During his time at Prologis, the NJ portfolio generated more than $81 million in annual Net Operating Income, and maintained occupancy levels in excess of 91%. Mr. Petrella developed and stabilized over 1.2 million square feet at Prologis creating stabilized market value in excess of $120 million. Mr. Petrella also leased in excess of 4 million square feet annually representing an aggregate value over $500 million. He managed major corporate accounts and was the main point of contact and liaison for all associated leases and new national opportunities.
Prior to his time with ProLogis, Marc was the VP for Leasing for KEYSTONE PROPERTY TRUST where he had responsibility for their 11 million square foot New Jersey Portfolio. While at Keystone, Mr. Petrella leased over 4.9 million square feet over a three year period and stabilized more than 2 million square feet creating a market value in excess of $171 million. Mr. Petrella maintained in excess of 95% occupancy levels over his three years at Keystone with an occupancy level of 98.5% at the time of their 2004 acquisition by Prologis. Prior to his tenure with KEYSTONE, Mr. Petrella spent 6 years with CB Richard Ellis as a Senior Associate where he sold and leased more than 5.9 million square feet with an aggregate value in excess of $180 million.
Mr. Petrella’s occupier clients range from Fortune 500 Corporations to local and regional companies. His current Landlord clients include, among others, Prologis, IndCor Properties, and Seagis Property Group. His experience spans all aspects of Industrial Real Estate including acquisition of land and buildings, site design, entitlement, development, lease/sale of build-to-suit and existing facilities, and the disposition of surplus properties as well as investment sales.