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Newmark Knight Frank Inks 238,437-Square-Foot Renewal Lease in Tampa

Deal marks one of the largest industrial leases in Tampa Bay Area over the last 12 months

Tampa, FL (06/10/2019)

11:02 AM

Newmark Knight Frank (NKF) announced today it brokered a renewal lease totaling 238,437 square feet for the Tampa division of ITG Brands, LLC at East Meadow Distribution Center in Tampa, Florida. ITG Brands, LLC will continue to occupy the entire facility, which is owned by UBS Financial Services, Inc.

The deal represents one of the largest industrial leases signed in the Tampa Bay Area over the last 12 months. NKF's senior managing directors Rick Narkiewicz and John Esposito represented the tenant. Cushman & Wakefield represented the landlord.

"The property's convenient and secure location were significant factors in the tenant's decision to maintain operations at East Meadow," said Esposito. "A strong local economy and proximity to a talented and diverse employment base bodes well for ITG's long-term future at East Meadow, which will continue to play an important role in the company's growing portfolio of business," said Narkiewicz.

East Meadow is within a six-minute drive of major Central Florida thoroughfares such as I-75, I-4 and Selmon Expressway. The facility also enjoys close proximity to the Port of Tampa and Port Manatee.

ITG Brands, LLC is the third largest tobacco company in the United States. The company is headquartered in Greensboro, North Carolina and offers a broad array of well-known cigarette and cigar brands, including Winston, Maverick, Kool, USA Gold, Salem and Dutch Masters.

About Newmark Knight Frank
Newmark Knight Frank ("NKF"), operated by Newmark Group, Inc. ("Newmark Group") (NASDAQ: NMRK), is one of the world's leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF's 16,000 professionals operate from approximately 430 offices on six continents. NKF's investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.

Discussion of Forward-Looking Statements about Newmark Group
Statements in this document regarding Newmark Group 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 Group 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 Group'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.