Marcus & Millichap

David Thurston


David E. Thurston

Mr. Thurston has been active as a Real Estate Professional for over 30 years. After graduating from Law School in 1982, Mr. Thurston spent two years in Dallas, Texas practicing real estate law. He then moved back east and spent the next four years practicing real estate law in Philadelphia and Manhattan at the law firms of Morgan, Lewis & Bockius and Shea and Gould. In 1987 he left legal practice and joined The Binswanger Company headquartered in Philadelphia where he managed the National Industrial Brokerage Group for four years and then the International Group for the next five years. He then joined NAI in New Jersey and managed the Corporate Services Group for two years. He was recruited to start up and manage the National Office Sales force at Equis Corporation. He moved to Marcus & Millichap in 1999 to manage the New Jersey office. He is a Director in the Company's National Office and Industrial Properties Group and in it's Net Lease Properties Group and specializes in the sale of Retail, Office, and Industrial Properties in New York, New Jersey, Northern New Jersey and Bergen County and in Single Tenant Properties Nationwide.


Mr. Thurston is a 1982 Graduate of Catholic University Law School in Washington, D.C. with a focus on Real Estate Law. He Graduated in 1979 from George Washington University in Washington, D.C. with a BA in Political Science and Minors in Economics and History and is a member of Pi Sigma Alpha, The National Political Science Honor Society.


Mr. Thurston is admitted to practice law in the States of New Jersey, Pennsylvania and Texas and passed the New York Bar.
Mr. Thurston is a Real Estate Broker in the States of New Jersey, New York, and Pennsylvania.


Mr. Thurston was chosen as one of New Jersey's Business Leaders for 2003 by Business News New Jersey. Mr. Thurston was Appointed to the Ridgewood Planning Board June, 2014. Awards

Top 10 in Marcus & Millichap's National Office and Industrial Property Group-East 2010
Top 20 in Marcus & Millichap's National Office and Industrial Property Group in 2010
Awarded the Sales Achievement Award from Marcus & Millichap in 2007
Awarded the National Achievement Award and a Plaque Award from Marcus & Millichap in 2004
Recipient of The Mid-Atlantic Real Estate Journal's 2004 Retail Deal of the Year Award
Ranked 18th of the Top 50 Brokers in New Jersey in 2004 by The Mid-Atlantic Real Estate Journal


A partial list of Articles that have been written by Mr. Thurston and published in The Mid-Atlantic Real Estate Journal:

The Real Estate "Recovery": The Perfect Storm has Passed (2010)
The Office Investment Market: Back to the Future (2009)
As Velocity Slows, Investors Eye Prime Mid-Atlantic Office Opportunities (2008)
3 Major Reasons for Sellers to Sell Now (2006)
Private Investors Redeploy Retail Capital Outside of Northern New Jersey (2005)
Investment Property Prices Continue to Rise as Interest Rates Remain Stable (2005)
Interest Rate Effect on Investor and User Purchases of Industrial Real Estate (2004)
Dichotomy: New Jersey's Office Investment Market (2004)
Monetizing Real Estate: The Sale/Leaseback Strategy (2003)
Using 1031 Exchanges to Solve Tax Problems in Selling Real Estate (2003)
The Value of Exclusive Representation in the Investment Sales Market (2002)

Speaking Engagements

2010, NAIOP, Panelist on "Transportation Infrastructure and It's Effect on Real Estate and the NJ Economy"
2004, RealShare New Jersey, Panelist on "Investment Sales: Who's Buying, At What Price and Why?"
2003 and 2004, The Appraisal Institute-Metro New Jersey Chapter, Princeton Conference:
The State of New Jersey's Investment Real Estate Market.


Mr. Thurston is a member of NAIOP, IOREBA, and ICSC and is a member of the New Jersey and Pennsylvania State Bars.

New Jersey
David Thurston

David Thurston

First Vice President Investments
Tel: (201) 742-6126
Fax: (201) 742-6106

License:  NJ  0015532
License:  PA  AB060311L
License:  NY  10301204914

International Council of Shopping Centers
National Association of Industrial & Office Properties

Director - National Office and Industrial Properties Group
Director - Net Leased Properties Group

Promoted to Associate Vice President Investments in November, 2010
Promoted to Vice President Investments in July, 2011
Promoted to First Vice President Investments in January, 2017

George Washington University, Political Science

National Achievement Award: 2017, 2004
Sales Recognition Award: 2017, 2016, 2014, 2012, 2011, 2007, 2004

Listed Properties

Transactions Closed

  • Godwin Plaza

    Godwin Plaza

    Multifamily, Office & Retail

    Midland Park, NJ
    Price: $3,000,000
    Size: 22,145 sqft
    Size: 05 units

  • 240-244 North Avenue West

    240-244 North Avenue West

    Urban-High Street Retail

    Westfield, NJ
    Price: $4,700,000
    Size: 10,563 sqft

  • The Lincoln Building

    The Lincoln Building


    Ridgewood, NJ
    Price: $3,900,000
    Size: 24,000 sqft
    Cap Rate: 6.62%

  • 40 Edison Avenue

    40 Edison Avenue

    Industrial Warehouse

    Oakland, NJ
    Price: $900,000

  • 176 Route 46

    176 Route 46

    Shopping Strip

    Rockaway, NJ
    Price: $3,800,000
    Size: 16,717 sqft

  • 470 Route 17 South

    470 Route 17 South

    Office Medical

    Ridgewood, NJ
    Price: $1,175,000
    Size: 6,750 sqft

  • Saddle Brook Centre - Leasehold Interest

    Saddle Brook Centre - Leasehold Interest

    Shopping Strip

    Saddle Brook, NJ
    Price: $6,515,000
    Size: 24,623 sqft

  • Walgreens


    Net Leased Drug Store

    Gaffney, SC
    Price: $4,630,000
    Size: 14,820 sqft
    Cap Rate: 6.65%

  • The Learning Experience

    The Learning Experience

    Single-Tenant Office

    Hackensack, NJ
    Price: $4,130,000
    Size: 12,500 sqft
    Cap Rate: 7.87%

  • 12-15 South Broadway

    12-15 South Broadway

    Office Medical

    Fair Lawn, NJ
    Price: $985,000
    Size: 6,600 sqft
    Cap Rate: 6.95%

  • 15-01 Pollitt Drive, Condominium Units 1 and 4

    15-01 Pollitt Drive, Condominium Units 1 and 4

    Single-Tenant Industrial

    Fair Lawn, NJ
    Price: $3,400,000
    Size: 39,036 sqft
    Cap Rate: 8.46%

  • Walgreens


    Net Leased Drug Store

    Chicago, IL
    Price: $5,571,848
    Size: 12,864 sqft
    Cap Rate: 6.82%

  • Jetline


    Single-Tenant Industrial

    Gaffney, SC
    Price: $1,845,378
    Size: 149,706 sqft
    Cap Rate: 16.55%

  • TNT Fireworks, Inc.

    TNT Fireworks, Inc.

    Single-Tenant Industrial

    Duncan, SC
    Price: $2,050,420
    Size: 121,801 sqft
    Cap Rate: 13.96%

  • Beacon Industrial Group

    Beacon Industrial Group

    Single-Tenant Industrial

    Trenton (Augusta - GA), SC
    Price: $2,204,202
    Size: 101,000 sqft
    Cap Rate: 13.33%

  • Walgreens


    Net Leased Drug Store

    Rochelle, IL
    Price: $4,072,993
    Size: 14,820 sqft
    Cap Rate: 9.28%

  • Walgreens


    Net Leased Drug Store

    Warrenville, IL
    Price: $5,539,296
    Size: 14,589 sqft
    Cap Rate: 5.04%

  • 221 East State Route 4

    221 East State Route 4

    Shopping Strip

    Paramus, NJ
    Price: $7,950,000
    Size: 26,494 sqft
    Cap Rate: 9.60%