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CRE Veteran Michael P. Garlick to Take the Helm of NKF’s Phoenix Office

Phoenix, AZ (01/10/2018)

2:00 PM

Newmark Knight Frank (NKF) is pleased to announce that Michael P. Garlick has been appointed as market leader of its Phoenix office, with the promotion to executive managing director. Mr. Garlick will oversee the office and lead all brokerage operations and growth initiatives for the greater Phoenix area. Mr. Garlick replaces industry giant Pete Bolton, who left the company in May of 2017 to pursue new ventures.

NKF veteran Mr. Garlick brings 24 years of commercial real estate expertise alongside his extensive knowledge of the Phoenix office market, established long-term industry relationships, and notable reputation for providing uncompromising client advocacy services. In his role as executive managing director, Mr. Garlick will focus on aligning the goals and objectives of local brokerage with NKF's overall strategic direction, working toward strengthening the brand while continuing to increase shareholder value. He will provide leadership of day-to-day operations for the Phoenix office as well as manage brokerage profitability, business line growth, development, strategic planning, recruiting and retention.

"Our goal was to find a candidate who will bring enthusiasm, drive and clear vision to the leadership position, furthering our growth momentum and initiatives. Michael Garlick is that individual; his vast skill set, determination and client service focus is exactly the right fit for Phoenix," commented Regional Managing Director Greg May. "Michael's highly regarded reputation throughout the Phoenix brokerage community and keen focus on client service delivery, dovetails perfectly with NKF's national initiatives to win business and recruit talent. Michael is optimally positioned to assume this new role, benefitting by his industry experience, NKF's depth of resources, and the unconditional support of a deep bench of regional talent."

Mr. Garlick joined NKF in 2014 to expand the Phoenix Office Landlord Advisory Services platform. His previous experience includes Lee & Associates Arizona from 1998 to 2014, where he rose to the rank of principal faster than any other associate in the history of the Phoenix office. He began his real estate career at CBRE in 1993.

"I am thrilled and honored with the opportunity to lead NKF's Phoenix operations," said Mr. Garlick. "I have been most fortunate in my brokerage career and am excited to leverage my experience and relationships to build on our momentum and solidify NKF as a dominant name in Arizona. I am proud to work with some of the region's finest and most respected brokers and my foremost goal is to build on the successes we have accomplished collaboratively. Our recent announcements of adding industry veterans Tom Adelson, to amplify tenant representation services, and CJ Osbrink, to expand capital markets services, combined with our recent launch of the U.S. Southwest Valuation & Advisory Group, based in Phoenix, are just an example of how NKF is aggressively expanding service delivery for our clients in Phoenix and throughout Arizona."

During his 24-year career, Mr. Garlick has completed over 850 transactions totaling more than 10 million square feet valued in excess of $1.0 billion of total consideration. His clients include Brookfield Opportunity Real Estate Group, Carlson Real Estate Company, Duke Realty, Everwest, Great Point Investors, Greenwood & McKenzie, J.F. McKinney & Associates, Kemper, LNR Partners, Macerich, Orsett, Sun State Development, TA Realty and W.P. Carey.

About Newmark Knight Frank
Newmark Knight Frank (NKF) is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF'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, NKF's strong foundation makes it one of the most trusted names in commercial real estate. NKF'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, corporate advisory services, consulting, project and development management, property and corporate facilities management services, valuation and advisory services and capital markets services provided through its NKF Capital Markets brand. For further information, visit www.ngkf.com.

NKF 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 www.bgcpartners.com.