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Lerner David Moves Headquarters to Cranford, NJ

Westfield, NJ (01/31/2019)

10:00 AM

Lerner David, a leading, global intellectual property boutique law firm today announced that it has executed a lease for the relocation of its headquarters to 20 Commerce Drive in Cranford, New Jersey. Represented by Newmark Knight Frank (NKF), Lerner David is moving its headquarters from Westfield, where the firm had been for nearly its entire 50-year history. Lerner David also has offices in Japan and China.

Lerner David's new home, 20 Commerce Drive, is a fully-amenitized Class A building with direct access to the Garden State Parkway. Lerner David was represented by David Simson, Vice Chairman, and Dan Reider, Associate Director, in NKF's Rutherford, New Jersey office, and Michael Jones of Cole Schotz. The new lease encompasses 34,373 square feet for a term in excess of 10 years. Landlord Signature Acquisitions had external representation from Joseph Sarno of CBRE and internal representation from Eric Zabarkus in this transaction.

"We are delighted to support Lerner David in the relocation of their firm headquarters to Cranford," said David Simson, Vice Chairman of NKF. "This property was a particularly compelling option given its location and easy accessibility, combined with the modernized workspaces Signature Acquisitions has been developing at 20 Commerce Drive."

Keith Gilman, Co-Managing Partner of Lerner David added, "As we strive to retain current talent and attract future attorneys to grow and strengthen each of our practice areas, we are pleased to deliver the kind of workplace talent of that caliber seeks. We look forward to continuing to serve our clients in this new location."

Signature Acquisitions purchased 20 Commerce Drive in a portfolio from Mack-Cali in 2017 and is in the process of modernizing the building, including new cafeteria space, conference centers and an on-site management office. In total, the facility consists of 186,813 square feet on four stories and is located at a four-way interchange at Exit 136 of the Garden State Parkway.

About Lerner David
Celebrating 50 Years of Innovation: For the past five decades, Lerner David has thrived as an intellectual property boutique dealing with all aspects of IP. The firm assists a diverse client base at the forefront of the Fourth Industrial Revolution (4IR), protecting groundbreaking technologies from AI to 3D printing; renewable energy to autonomous vehicles; FinTech to telecommunications; pharmaceuticals to life-saving medical therapies. Lerner David safeguards some of the world's leading brands and fights for its clients' rights before the courts and administrative tribunals of the world. As the world enters 4IR and the firm embarks on its next 50 years, Lerner David stands at the ready to help innovators protect and bring tomorrow's emerging technologies to life today. For further information, visit www.lernerdavid.com.

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.