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NKF Capital Markets Arranges Approximately $26.2 Million Loan from PCCP for the Acquisition and Repositioning of 54,414-SF Office Property in San Francisco, CA

San Francisco, CA (04/24/2018)

1:30 PM

NKF Capital Markets has arranged approximately $26.2 million in financing for the acquisition and repositioning of 55 Green, a five-story, Class A office building located in the North Waterfront submarket of San Francisco.

NKF Capital Markets Senior Managing Director Chris Moritz and Vice Chairman Ramsey Daya of the debt and structured finance team in the San Francisco office executed the financing on behalf of the buyer, Brick and Timber Collective. The loan was placed with PCCP, LLC.

NKF Capital Markets' San Francisco investment team of Michael Taquino, Kyle Kovac and Daniel Cressman represented the seller in the transaction. The seller, Triton International, has owned and occupied the asset for over 20 years.

Built in 1984, the Class A property is situated at the corner of Front and Green Streets in the heart of the North Waterfront District neighborhood. The five-story building boasts unobstructed views of the San Francisco Bay and includes 17 secured parking spots located in its basement garage. The property has been delivered vacant, affording the buyer an opportunity to reposition the asset as the submarket's most coveted office building.

"Given the quality of the asset and extensive experience of our client in the submarket, the debt markets showed a strong interest in this opportunity. PCCP demonstrated a real understanding of the submarket and all of the drivers of tenant demand, and our NKF Capital Markets team is pleased to have successfully closed on this transaction with them on behalf of Brick and Timber," said Chris Moritz. "55 Green presents a rare opportunity to reposition a high-quality, Bay-facing asset in one of the fastest growing submarkets in San Francisco."

55 Green is within walking distance to many amenities including some of San Francisco's most critically acclaimed restaurants and shops in North Beach and Jackson Square. The property is easily accessible and well-served by multiple modes of transportation including MUNI light rail, MUNI bus lines, BART, Golden Gate Transit, and the San Francisco Bay Ferry.

About NKF Capital Markets
NKF Capital Markets, operated by Newmark Group, Inc., is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, our 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.

We provide access to a wide range of services, including asset sales, sale leasebacks, mortgage and entity-level financing, equity raising, underwriting and due diligence. The transactions we broker involve vacant land, new real estate developments and existing buildings. We specialize in arranging financing for most types of value-added commercial real estate, including land, condominium conversions, subdivisions, office, retail, industrial, multifamily, student housing, hotels, data center, healthcare, self-storage and special use. For further information, visit www.ngkf.com/capitalmarkets.

Newmark Group, Inc., which is listed on the NASDAQ Global Select Market under the symbol "NMRK", is a publicly traded subsidiary of BGC Partners, Inc. ("BGC"), a leading global brokerage company servicing the financial and real estate markets. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol "BGCP". BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol "BGCA".

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's and BGC's Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.