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Newmark Knight Frank Sells Battlefield Overlook I in Manassas, VA for $5.3 Million

Best Class A Office Building in Prince William County Sold

McLean, VA (07/09/2019)

9:00 AM

Newmark Knight Frank (NKF) announces the sale of Battlefield Overlook I, a 33,330-square-foot office building located at 10440 Balls Ford Road, Manassas, VA. The Class-A property was purchased by NKASR, LLC for $5.3 million.

Executive Managing Director Larry FitzGerald and Director Cole Spalding of Newmark Knight Frank facilitated the sale on behalf of the owner.

"Battlefield Overlook I is a well-leased, income-producing property and by far the best Class A office building in Prince William County," said FitzGerald. "We've been leasing the building for the past five years and as a result of our success, we were able to help our client transition to retirement by selling his income-producing property."

Battlefield Overlook I offers excellent visibility and access from I-66 and is just a half mile from the well-retailed Sudley Road corridor with numerous hotel, dining and shopping options. The property benefits from the strength of Manassas which is a regional employment center for manufacturing, health care and government contracting firms including Micron, Novant Health UVA Health Systems, Lockheed Martin, BAE and Aurora Flight Sciences.

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