11:00 AM
Newmark announced its appointment by WashREIT (WRE) as the exclusive leasing agent for Quantico Corporate Center’s (QCC’s) Buildings One and Two at 925 and 1000 Corporate Drive in Stafford, Virginia. Executive Managing Director Larry FitzGerald, Managing Director Jeff Tarae and Managing Director John Lench will market and handle the leasing for the Class A office buildings that were acquired by WashREIT in 2010.
“Larry, Jeff and John are the Stafford market experts,” said WashREIT’s Anthony Chang. “We know they are capable of attracting more great tenants to the community of innovators we’re building here which already includes Mantech, Mitre, Marine Corps Systems Command, Peridot Solutions and Kalman & Company.”
Quantico Corporate Center is situated less than a mile from Marine Corps Base Quantico. The high-profile base is a cornerstone of the community and the development of robust business parks such as QCCS offers quality and convenience to companies doing business with the Marine Corps, FBI and the Military Department Investigative Agencies (MDIA) at the nearby Russell-Knox Building.
“The Quantico Corporate Center is a rare opportunity for tenants looking to be close to Quantico and have signage visibility from I-95,” said Newmark’s Tarae.
Each building in the development is LEED-certified and features four stories with 35,000 SF floorplates. The campus setting is highly amenitized-that paired with its location sets Quantico Corporate Center apart from other developments in the area.
“QCCS is unique in the market because it has an array of onsite fast-casual dining establishments, fitness center options, several hotel choices and even opportunities with academic partners through the Stafford Technology & Research Center,” added Newmark’s FitzGerald. “It would be difficult to find another campus with this combination of amenities and proximity to Marine Corps Base Quantico, which is one of the reasons we’re excited about this assignment.”
About WashREIT
WashREIT owns and operates uniquely positioned real estate assets in the Washington D.C. market. Backed by decades of experience, expertise, and ambition, the Company creates value by transforming insights into strategy and strategy into action. WashREIT’s portfolio of 49 properties consists of approximately 6.4 million square feet of commercial space and 4,268 multifamily apartment units. These 49 properties consist of 20 office properties, 16 retail centers and 13 multifamily properties. WashREIT shares are publicly traded on the New York Stock Exchange (NYSE:WRE).For more information, visit www.washreit.com.
About Newmark
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and Newmark Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our 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. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world’s largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
Newmark, 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.