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International Auto Logistics Inks New HQ Space in St. Simons Island, Ga.

St. Simons Island, GA (06/25/2014)

9:00 AM

International Auto Logistics LLC (IAL) signed a new lease for 8,488 square feet at 110 Office Park Lane, St. Simons Island, Ga., where it will establish its new headquarters office, according to commercial real estate advisor Newmark Grubb Phoenix Realty Group (NGPRG).

"The office will bring about 40 new positions to the Saint Simons area, which will support a newly awarded contract with the United States Transportation Command to handle the logistics and storage of privately-owned vehicles for military personnel in the US, Asia and Europe," said IAL preisdent and CEO Doug Tipton.

IAL will refurbish the second floor of the two-story, 19,976-square-foot building into Class A office space.

"The South Georgia market continues to see growth throughout the second quarter," said Mr. Kirk Watson, NGPRG executive vice president, who represented IAL in the transaction. "This lease on St. Simons Island is a further sign that the automotive logistics industry recognizes the strategic value of Southeast Georgia and its growth potential."

IAL is a wholly owned subsidiary of International Auto Processing, Inc., a leading vehicle processor company based in Brunswick, Ga., that services cars for major automotive manufacturers, including Hyundai, Kia, Mercedes-Benz, Volkswagen, Audi, Bentley, GM, Toyota and Honda.

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, visitwww.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 six 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.