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Christine Espenshade and Robert Garrish | Connect CRE

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Christine Espenshade and Robert Garrish

Company: 

Newmark

Sales Total

$3.3 billion

Participated in the $200-million sale of a community in the life sciences corridor of Montgomery County, MD

Team has been collaborating since 2012

Christine Espenshade and Robert Garrish have been working together since 2012 and have orchestrated the sale of more than $8 billion of assets in the Mid-Atlantic. With approximately $2 billion of transactions completed in 2021 alone, Christine and Robert were successful in advising clients with tailored marketing strategies to fit their investment goals.

While some transactions were broadly marketed to thousands of investors, some transactions were marketed on a selective basis to qualified groups who could meet a sellers timing and pricing expectations. Working with their partner, Shawn McDonald, who leads the team’s debt practice, Christine and Robert also recommended effective finance options for owners to implement various operational strategies for asset repositioning or partner recapitalization.

One of the team’s most notable transactions in 2021 includes the sale of a more than $200 million core-plus quality community in the life sciences corridor of Montgomery County, MD. With Christine and Robert’s extreme familiarity with the market and expected growth due to government and private spending in biotech, they were able to achieve pricing 15% higher than projected.

Throughout the year, the team successfully represented some of the largest institutions in the country while also advising private buyers and local families on successful disposition strategies. Their collaborative, creative detailed and hands-on approach to marketing and sales make them one of the top investment sales teams in the region.

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Inside The Story

Christine EspenshadeRobert Garrish

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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