Newmark Grubb Knight Frank Forms Affiliation with Grubb & Ellis|Memphis
Leading regional commercial real estate firm extends reach, gains access to
powerful global platform
MEMPHIS, Tenn., March 11, 2013
MEMPHIS, Tenn., March 11, 2013 /PRNewswire/ -- Newmark Grubb Knight Frank
(NGKF), one of the world's leading commercial real estate advisory firms,
announced it has formed an affiliation with Grubb & Ellis|Memphis, a
full-service commercial real estate firm serving western Tennessee, northern
Mississippi and eastern Arkansas. Effective immediately, the regional firm
will operate as Newmark Grubb Memphis.
(Logo: http://photos.prnewswire.com/prnh/20120821/MM60819LOGO )
Through the affiliation, Newmark Grubb Memphis' local professionals and their
clients will have access to NGKF's global resources and relationships, and to
unparalleled capital markets expertise and capabilities through NGKF's parent
company BGC Partners, Inc., and BGC's relationships with Cantor Fitzgerald and
Cantor Commercial Real Estate.
"When a commercial real estate company is already offering the highest levels
of customer service in its region, the next step is to provide clients with
that same quality of service across all levels of their operation and
geographies," says Joe Steffner, Newmark Grubb Memphis' founder and president.
"We are excited to be able to continue this delivery of top-notch service."
"As a firm, this affiliation with NGKF offers us international reach and size
with an egalitarian mentality that's nimble and effective in today's evolving
world of larger real estate companies and brands. This also brings us into the
most exciting capital markets and investment sales platform in the industry."
Newmark Grubb Memphis has completed more than $500 million in deals since its
inception in 2004, and has grown from a single-broker shop to a team with more
than 150 years of combined commercial real estate experience. Today the firm
provides tenant advisory, ownership representation, investment sales,
corporate advisory, property and facilities management, market research and
lease administration services.
NGKF reinforces its regional presence through the affiliation with a
local-market leader. Newmark Grubb Memphis has closed many of the region's
largest deals in recent years, including the following highlights from 2012:
oRepresented Milwaukee Tool in leasing a 600,000-square-foot, build-to-suit
warehouse in Olive Branch, Miss.
oRepresented Baptist Hospitals in acquiring a 12-acre site to develop a
regional cancer center in Memphis.
oRepresented the Federal Deposit Insurance Corp. in leasing a
33,000-square-foot office space.
oNegotiatedthe sale of 49 acres to the Regional Medical Center at Memphis
for development of a new medical center.
oRepresented Nissan Corp. in the sale of a 400,000-square-foot warehouse in
The affiliation echoes an earlier relationship between the Memphis firm and
the former Grubb & Ellis, but involves a larger and more advanced global
platform, stated Brett Hunsaker, NGKF executive vice president and regional
"This is a natural extension of our already collaborative, symbiotic
relationship," Hunsaker stated. "I've worked with Joe and his team for years.
Under his leadership, they have enhanced our Southeast coverage and, with
their dominant local reach, have introduced to us new national and
international clients. This long-term agreement is further confirmation that
our expanded platform offers clients the best real estate solutions in the
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world's leading commercial real
estate advisory firms. Together with its affiliates and London-based partner
Knight Frank, Newmark Grubb Knight Frank employs more than 11,000
professionals, operating from more than 340 offices in established and
emerging property markets on five continents.
With roots dating back to 1929, Newmark Grubb Knight Frank's strong foundation
makes it one of the most trusted names in commercial real estate Its
integrated services platform includes leasing advisory, global corporate
services, investment sales and capital markets, consulting, program and
project management, property and facilities management, and valuation
services. A major force in the real estate marketplace, Newmark Grubb Knight
Frank serves the local and global property requirements of tenants, landlords,
investors and developers worldwide. For further information, visit
Newmark Grubb Knight Frank is a part of BGC Partners, Inc. (NASDAQ: BGCP), a
leading global brokerage company primarily servicing the wholesale financial
and real estate markets. For further information, visit www.bgcpartners.com.
SOURCE Newmark Grubb Knight Frank
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