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Newmark Grubb Phoenix Realty Group Opens New Office in Southern Georgia

Jacksonville, FL (03/21/2014)

1:00 PM

Newmark Grubb Phoenix Realty Group has opened a new office at 561 Ocean Blvd on St. Simons Island in southern Georgia. Kirk Watson joins as executive vice president and will oversee the new operations.

This marks the second location for Newmark Grubb Phoenix Realty Group, which has specialized in commercial real estate in northeast Florida and southern Georgia since 1993.

Jim Sebesta, CEO, said, "It was time to expand our presence in the market given our increased capabilities via Newmark Grubb Knight Frank. We are scaling up and providing additional resources to clients with needs in Glynn, Camden, Ware, Charlton and Wayne counties. Customer service is paramount to us.

"Kirk is supremely familiar with the South Georgia market. We are confident in his ability to grow the team and expand our service lines."

Mr. Watson holds an M.B.A. from the University of Georgia, and the designation of Certified Commercial Investment Member (CCIM). He joins Newmark Grubb Phoenix Realty Group from Hodnett Cooper Real Estate, where he headed its Commercial Division for seven years, negotiating over $30 million in sales and leasing transactions during this time.

About Newmark Grubb Phoenix Realty Group
Newmark Grubb Phoenix Realty Group is a full-service commercial real estate company serving Northeast Florida and Southeast Georgia. The firm has completed more than 80 million square feet of transactions since its inception in 1993. Today, Newmark Grubb Phoenix Realty Group provides industrial, office, retail and investment brokerage services, representing tenants, buyers, landlords and sellers, as well as third-party and institutional investors of every size. Through Newmark Grubb Knight Frank, one of the world's leading commercial real estate advisory firms, our clients have access to opportunities in every major market throughout the country, as well as across the globe. For further information, visit www.phoenixrealty.net or call 904.399.5222.

About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF's 12,000 professionals operate from more than 320 offices in established and emerging property markets on five continents.

With roots dating back to 1929, NGKF's strong foundation makes it one of the most trusted names in commercial real estate. NGKF's full-service platform comprises BGC's real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.

NGKF 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.