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David Pennetta
SIOR, LEED GA

Executive Managing Director

Cushman & Wakefield

175 Broad Hollow Rd, Suite 250, Melville, NY 11747

Market
Jericho, Long Island
Specialty
Office Specialist
Member Since
2010
Chapter
SIOR New York City and Downstate Chapter
Areas of Practice
Tenant Representation, Brokerage Management, Landlord, Sale/Leasing, Investments, Distribution & Logistics, Corporate Services, Consulting
Accreditations
LEED GA, New York State Licensed Instructor
Executive Managing Director of C&W. Responsible for team business, implementation of key business initiatives, leadership, client relationship management, business development, and recruitment. Ensuring delivery of the full array of C&W’s creative and innovative services to clients. He serves in a brokerage capacity with an emphasis on Corporate Representation with sub-specialties in Land Sales, Government Affairs, Economic Development, and Tax and Incentive procurement. Mr. Pennetta is an Omnichannel broker working on Regionally Significant Projects.

Graduated with honors from New York University and received a Bachelor of Science degree, majoring in Real Estate. He earned the NYU Founders Day Award, Presidents List and is a member of the Alpha Sigma Lambda honors society.

Award-winning broker recognized Subject Matter Expert. Has appeared on TV CBS Channel 2, Channel 21, NPR Radio, and frequently contributed to the Wall Street Journal, NY Times, The Real Deal, LIBN, Newsday and spoken for many LI business groups including SUNY Stony Brook, Hofstra University. The Real Estate Anchor in Innovate LI’s Loaded Voices lineup. Co-President for the Commercial Industrial Brokers Society holds a seat on the Huntington Planning Board. A NYS Licensed Instructor and Court recognized expert witness and approved arbiter for the CIBS Mediation and Arbitration Committee. Energeia Partnership Regional Stewardship Graduate (2008-2010), Executive Board Member and Luncheon and Symposium Moderator of the Real Estate Institute of SUNY Stony Brook (REI).

2022-2023 Major Transactions: Suffolk County DSS, DOH, PD and Emergency Services leases totaling 200k SF. 290 Expressway Drive Medford, sold 12 acres Land sale. Sale of 5 Brayton Ct Commack 30k SF and 1590 Lakeland Ave Bohemia 50k SF. Hired for leasing and sale of Station Yards Ronkonkoma 360k SF.
ROLE & WORK HISTORY

David Pennetta is an Executive Managing Director of the Long Island office of C&W. Mr. Pennetta is

responsible for overall team business, including the implementation of key business initiatives, leadership,

client relationship management, business development, and recruitment. He ensures the delivery of the full

array of C&W’s creative and innovative services to his clients. He serves in a brokerage capacity with an

emphasis on Corporate Representation with sub-specialties in Land Sales, Government Affairs, Economic

Development, and Tax and Incentive procurement. He has successfully represented major corporation

across the nation. Mr. Pennetta is a member of the C&W’s Law Sector Advisory Group (LSAG), Tenant

Advisory Group (TAG) and Land Advisory Group (LAG). Mr. Pennetta is an Omnichannel broker working on

Regionally Significant Projects here on Long Island.

Prior to joining C&W, Mr. Pennetta was a former Principal with a top regional boutique firm, where

he spent 26 years of his career. His activities include brokerage in both sales and leasing of office, industrial,

and medical properties. He possesses extensive expertise in tenant representation, with additional expertise

in investment property sales, property management, development, and landlord representation.

Formerly a Microelectronics Engineer, Mr. Pennetta is well versed and proficient in the latest

technologies and is personally proficient in Argus, ProCalc, MS Office, MS Project, Peracon, and RCM, and he

continues to be extremely computer and technology literate.

EDUCATION

Mr. Pennetta graduated with honors from New York University and received a Bachelor of Science

degree, majoring in Real Estate. He earned the NYU Founders Day Award, Presidents List, and is a member

in good standing of Alpha Sigma Lambda honors society.

RECENT AWARDS

2022 Long Island Business News- Top Influencers in Real Estate

2022 Long Island Business News- Power Real Estate Professionals

2020 Costar Power Broker Leasing Transaction

2020 Costar Power Broker Sales Transaction

2020 Long Island Business News Honoree Top Office Lease Long Island

2019 and 2018 Cushman & Wakefield, Inc – Top Producer by Market. Top revenues generation for Long

Island. Top revenues aggregate 2018-2019-2020.

2019 Association for a Better Long Island (ABLI) / Commercial Industrial Brokers Society (CIBS) -

Most Ingenious Broker of the Year Award (MIDY) for the sale of the highest price paid per square foot of any

industrial building sold, at any time, in Nassau or Suffolk Counties- $275 per square foot.

2019 Long Island Business News (LIBN) - Commercial Broker of the Year, Long Island. Based upon the

sum of number of transactions, dollar amount of transactions, real estate records, milestones achieved, and

regional leadership.

2019 Long Island Business News (LIBN) – Nassau County Industrial Deal of the Year. The sale of 9

acres Industrial development property which will add 200,000 SF of new space and being the first new

speculative industrial development in 13 years.

NOTABLE TRANSACTIONS

County of Suffolk, 152k, 82k, 62k SF

ADP Inc., 68,000 SF

CNA Financial Corporation, 110,000 SF

Chyron Corporation, 100,000+ SF

St John U- 175 Acre Campus

Polar Electro USA, 130,000+ SF

Broadridge Financial Services, 280,000 SF (NJ),

50,000 SF (1 Park Avenue, NYC), 70,000 SF (Lake

Success).

Catholic Health Services of Long Island (CHS),

120,000

Rivoli LHTC Apartment, 120,000 SF

CURRENT MEMBERSHIPS AND AFFILIATIONS

 Current Co-President 2023-2024, CIBS Strategic Officer (2013-2022) and twice Past President (2011-2012

and 1998-1999) of the Commercial Industrial Brokers Society of Long Island (CIBS). CIBS (www.cibsli.

com) is the largest commercial brokerage organization of its kind on Long Island.

 Held a Voting Board Seat on the Long Island Partnership on behalf of CIBS. Currently in hiatus, the

partnership worked as a liaison between the commercial market and governmental and quasi-governmental

entities to promote Long Island by attracting and retaining corporations to the region.

 The SOCIETY OF INDUSTRIAL AND OFFICE REALTORS® (www.SIOR.com) is the leading professional

commercial and industrial real estate association. With more than 3,000 members in more than 580 cities in

26 countries.

 Leadership in Energy & Environmental Design (LEED), Holds a LEED GA designation.

 Formerly Vice Chairman of the Town of Huntington Economic Development Corporation (EDC). Was

appointed to the EDC in February 2007-2013.

 Board Member of the Huntington Planning Board. Appointed May 2011, 2013 and 2021. Responsibilities

include long-range planning and adherence to the master plan for Huntington.

 Energeia Partnership Graduate (2008-2010, www.energeiali.com . The Energeia Partnership is a regional

stewardship and leadership academy dedicated to identifying and addressing the serious, complex and multidimensional

issues challenging the Long Island region. This program is run through Molloy College.

 Real Estate Institute of SUNY Stony Brook (REI) – Executive Board Member

 Regional Planning Association (RPA) – Member

 Member of the C&W Land Practice Group, Legal Services Group and Tenant Advisory Group

NOTABLE PARTNERSHIP, JOINT VENTURE EXPERIENCE & GOVERNMENT AFFAIRS

Highflex, 12708 Riata Vista Circle, Austin TX 70,000 SF Office Partnership.Tilles Portfolio, Woodbury, NY 2,000,000 SF Office/Medical/Flex Portfolio.2006-2023 Renaissance Downtowns & Huntington Township. Public/Private Partnership for Huntington Station Redevelopment.Tenant Equity Lease 30,000 SF Claremont, Islandia, NY.2007-2010 Vice Chairman Huntington Economic Development Corporation2011-2027 Huntington Planning Board Member2013-Present- Town of Huntington Melville Employment Center Plan, 18 million SF2015-Present- Riverhead Township 9.8 million square foot Business Park2018-Present- County of Suffolk transactional partner for county operational portfolio2007- County of Nassau Evaluation of TDRs from county owned water recharge basins2023-Present- Incorporated Village of Northport2017- Department Homeland Security Value and dispose of 900 acre Plum Island

MEDIA BIODavid Pennetta SIOR, LEED GA, Executive Managing Director of Cushman & Wakefield of LI. David is an award-winning commercial broker and recognized Subject Matter Expert on commercial real estate and economic development on Long Island. He has appeared on TV CBS Channel 2, Channel 21, NPR Radio, and frequently contributed to the Wall Street Journal, NY Times, The Real Deal, LIBN, Newsday and spoken for many LI business groups including SUNY Stony Brook, Hofstra University, Nassau & Suffolk County Government among many other private corporations. Mr. Pennetta is the Real Estate Anchor in Innovate LI’s Loaded Voices lineup. He is the Co-President for the Commercial Industrial Brokers Society, holds a seat on the Huntington Planning Board and has been a driving force for LEED ND and BD+C efforts including the 18 million square foot Melville Employment Center, 10 million square foot Long Island Tech Park and the universal application and building code for Wind Power on LI. A NYS Licensed Instructor and helps teach BUS333 Real Estate course at SUNY Stonybrook. Court recognized expert witness and approved arbiter for the CIBS Mediation and Arbitration Committee.SPECIAL LICENSING & SUBJECT MATTER EXPERTISE

Court Approved Real Estate Broker in Nassau and Suffolk Counties.Court Approved Receiver in Nassau and Suffolk Counties.NYS Licensed Real Estate Instructor for SUNY Campuses & RE Continuing Education.Commercial Real Estate Subject Matter Expert (SME) for litigation and arbitration.Created the Mediation and Arbitration (1996), Committee, Bylaws and Procedure for the Commercial IndustrialBrokers Society (CIBS), continued as Chairperson and current Co-Chair.
  • Association for a Better Long Island / Commercial Industrial Brokers Society MIDY Award
  • Long Island Business News Broker of the Year Awards
  • Founders Award NYU
  • Graduated with honors Bachelor Science Real Estate, New York University
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