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NKF Enters Into Definitive Agreement To Acquire Leading Corporate Tenant Advisory Company, Jackson Cooksey

New York, NY (06/29/2018)

3:00 PM

 

 

 

 

 

 

Newmark Knight Frank (NKF), a leading global commercial real estate advisory firm, today announced that it has agreed to acquire nationally known corporate tenant representation real estate agency Jackson Cooksey, a move that enhances the scope of NKF's Global Corporate Services platform. James C. Cooksey, who will join NKF's Texas office as Vice Chairman and President of Tenant Representation Texas, founded the Dallas-based Jackson Cooksey Company in 1982.

"The acquisition of Jackson Cooksey is an important step in NKF's mandate to expand coverage in key markets and bolster service offerings to provide an unparalleled platform to clients regionally and worldwide," stated Chief Executive Officer of Newmark Group, Inc. Barry M. Gosin. "Specifically, the Jackson Cooksey acquisition expands NKF's corporate tenant advisory services for office and industrial users throughout Texas."

"I am pleased at this significant enhancement to our service platform," commented President, Texas Region, Neal Golden. "NKF's growth throughout the state of Texas increases our ability to provide client-centric real estate services, and the addition of these superior Jackson Cooksey professionals to our team strengthens our core competencies. Jackson Cooksey's achievements, vast client relationships and roster of knowledgeable industry professionals certainly underscore its value to NKF."

"NKF's mission and values dovetail perfectly with Jackson Cooksey's customer-centric corporate tenant focus and my vision of best-in-class real estate strategies and solutions while maintaining the highest standards of honesty, integrity and commitment," stated James C. Cooksey, founder of Jackson Cooksey and corporate services trailblazer. "I am confident NKF is exactly where we should be. The company's entrepreneurial nature and management style allow the freedom to organically build business and structure service delivery to best suit our clients' evolving needs." Representing numerous Fortune 500 companies throughout his 36-year career, Cooksey was an early innovator of corporate-focused real estate services.

Jackson Cooksey was named one of the Nation's "Best and Brightest Companies to Work For in 2018," and its brokers have consistently been named as "Heavy Hitters" and top industry professionals. The firm is ranked among the largest commercial real estate brokerages in the Dallas and Houston areas with an impressive average broker tenure of 20 years. In addition to its Dallas operations, Jackson Cooksey has locations in Houston, Austin and Denver with approximately 70 professionals in all locations.

About Newmark Knight Frank
Newmark Knight Frank ("NKF"), 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, 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. 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 NKF 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.