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NGKF’s Tampa Office Continues to Support Space Demands in Local Markets

Tampa, FL (08/16/2016)

9:05 AM

Newmark Grubb Knight Frank (NGKF) today announces two transactions and a listing - Crescent Heights' 1,574-square-foot retail leasing in the heart of the Arts District, M&W Tampa Logistics Inc., renewal of its 100,140-square-foot industrial space in the Meadowcreek Distribution Center and the leasing opportunity of the proposed 500,540-square-foot warehouse located in Riverview, Florida - which combine for more than 601,540 square feet of Tampa commercial real estate.

Managing Director Paul Fischetti represented Crescent Heights in leasing of The Element Building, a 35-story luxury apartment building located at 808 N. Franklin Street. Orlando-based sandwich pioneer, Earl of Sandwich leased the café seating retail space on the ground floor. The area is bustling with art, culture, educational centers and shopping. The University of Tampa, Tampa's Riverwalk, The Tampa Theatre, Tampa Museum and Tampa Performing Arts Center are also within the vicinity.

"With the surrounding upscale retail, education and cultural attractions, this area will continue to draw in people and business," Fischetti said. "This space will maximize the buyer's efforts to reach business objectives and to continue to grow."

Senior Managing Director John Esposito represented M&W in its lease renewal at the Meadowcreek Distribution Center at 1206 U.S. Highway 301 East. The company occupies 87 percent of the building. UBS Realty Investors LLC/Cushman & Wakefield's Josh Tarkow and Barry Hanerfeld represented the landlord, EastMeadow Distribution Center LLC.

"As M&W continues to build its business throughout Tampa Bay and surrounding markets, this renewal at Meadowcreek validates their commitment to the area and its customers," Esposito said. "We were pleased to guide them through a successful lease restructure on this substantial assignment."

Senior Managing Director Rick Narkiewicz is leading a new industrial agency leasing assignment for owner, TPA Group. The Atlanta-based developer is seeking to lease a 500,540-square-foot industrial warehouse, Grand Oaks 75 Business Center, located on Falkenburg Road in Riverview, Florida. The business center, which is set to break ground in the third quarter, will feature 82 dock doors, two concrete ramps, 109 trailer parking slots, a 130' deep truck court and ESFR fire suppression. The site is conveniently located 20 miles southeast of the Tampa International Airport and is 12 miles south of Port Tampa Bay.

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 12,800 professionals operate from more than 370 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., 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 (NASDAQ: 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 (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.