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Travel Leaders Group Signs Long-Term Lease at Carlyle Center

Washington, DC (10/07/2019)

8:30 AM

Newmark Knight Frank (NKF) has announced that Travel Leaders Group has leased 23,600 square feet at Carlyle Center located at 1925 Ballenger Avenue in Alexandria, VA. Executive Managing Directors Ed Clark and Andy Klaff, Managing Director Jeff Tarae and Associate Wes Evans brokered the deal on behalf of the landlord. Travel Leaders Group was represented by Tim Summers and Will Thomas of Cushman & Wakefield.

Carlyle Center, owned and managed by American Real Estate Partners (AREP) and Artemis Real Estate Partners, is a five-story, 162,000-square-foot Class A office building with park views and onsite retailers including Starbucks, Potbelly, Pure Barre Alexandria, Bank of America and Bright Horizons Daycare. Renovations are underway for new conferencing and fitness facilities with a lounge area.

"Travel Leaders Group wanted to upgrade the comfort and efficiency of their workplace without sacrificing the neighborhood amenities that employees have benefited from," said NKF's Clark. "With more than 30 restaurants within walking distance, proximity to King Street Metro station, historic Old Town Alexandria retail, restaurants and ample green spaces, this metro-accessible, mixed-use development provided the perfect landing spot."

The property is situated in the heart of the Carlyle submarket providing easy access to the Blue and Yellow Metro lines by way of the King Street Metro station and the Eisenhower Metro station, as well as proximity to major highways such as I-495, I-95 and the George Washington Parkway, as well as Reagan National Airport. The building provides onsite concierge and property management, as well as four levels of onsite garage parking.

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