Newmark Grubb Knight Frank (NGKF) Vice Chairman Brian Waterman, Executive Managing Director Lance Korman and Managing Director Scott Berfas were recognized by members of the Association for a Better Long Island and the Commercial Industrial Brokers Society (ABLI/CIBS) with its “Most Ingenious Deal of the Year” (MIDY) award for the Hain Celestial Group, Inc. (NASDAQ: HAIN) international headquarters relocation transaction in 2012 at its annual industry dinner last night.
With tax incentives secured from the State of New York through Empire State Development and the Nassau County Industrial Development Agency, Hain Celestial, a leading natural and organic products company, committed to investing $10 million as part of its plans to relocate employees and expand its operations. The move to AREA Properties’ 1111 Marcus Avenue in Lake Success, N.Y., was lauded by state and local officials.
At the time of lease signing, Governor Andrew M. Cuomo said: “The expansion of Hain Celestial means an industry-leading business and almost 400 jobs will stay right where they belong on Long Island. This is another strong sign that New York is becoming a place where businesses want to grow and make long-term, job-creating investments.”
Nassau County Executive Edward P. Mangano stated: “It’s a great day when government can help save and create private sector jobs and assist in economic development projects that benefit the community.”
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 www.newmarkkf.com.
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.