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Tapout Fitness Signs 5,300-Square-Foot Lease for First Houston Studio Location

Houston, TX (05/23/2019)

12:00 PM

Newmark Knight Frank (NKF) announces its representation of Tapout Fitness in the leasing of its first Houston location at 3789 Rayford Road in Spring, Texas. NKF Executive Managing Director Derek Myers is providing tenant representation services to the fitness studio chain in its national expansion activities. Tapout Fitness, which features martial arts infused fitness, recently entered the Texas market, opening locations in Austin, Dallas and San Antonio.

"Tapout Fitness is excited to establish its first location in the market and bring its branded fitness studios to Houston; studios offer proprietary high intensity interval training (HIIT) classes with movements inspired by boxing, kickboxing and other martial arts," explained Myers. "Tapout is aggressively growing its Texas footprint, targeting 15-20 Houston market locations, as well as concurrently expanding into the Dallas market."

Tapout's new 5,314-square-foot Houston location, on the north east corner of Rayford Road and Birnham Woods Drive, includes areas for proprietary Tapout branded classes, state-of-the-art strength and cardio equipment, as well as lockers, showers and changing rooms and a merchandise/retail space.

"Currently, Tapout Fitness has 25 studios in development across the U.S. and has commitments for more than 500 domestic and international locations in the next five years," stated Marc Tascher, Chairman and Chief Executive Officer at Tapout Fitness. "Tapout capitalizes on the intersection of two time-tested and growing activities: fitness and martial arts. This combination has broad consumer appeal ranging from novices to more experienced fitness enthusiasts at every age. Houston is a perfect market for our brand."

About Tapout Fitness
Founded in 2014 and headquartered in New York City, Tapout Fitness is part of the Tapout brand family. Tapout is owned and operated by two powerhouse brands; Authentic Brands Group (ABG), a brand development, marketing and entertainment company, which owns a global portfolio of over 30 lifestyle, sports, celebrity and entertainment brands, and WWE, the preeminent provider of wrestling-based entertainment.

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.

For Media Inquiries Contact:
Deb Bergman
Vice President PR and Communications
Newmark Knight Frank
T 303.260.4307