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Newmark Knight Frank Arranges 70,000+SF Lease for Accounting Firm in Midtown East

New York, NY (02/05/2020)

11:31 AM

Newmark Knight Frank (NKF) is pleased to announce that it has arranged a new 70,728-square-foot office lease for accounting firm Marcum LLP at 730 Third Avenue. NKF's Executive Managing Director Ross Perlman and Senior Managing Director Lee Brodsky represented the tenant in this transaction.

Marcum, one of the largest independent public accounting and advisory services firms in the United States, will relocate its headquarters office to 730 Third Avenue from its current space at 750 Third Avenue, adding more than 10,000 square feet of office space as the firm experiences continued growth across the country. The new space is a significant upgrade for Marcum, which has offices in more than 30 cities across the U.S., and includes access to a wraparound terrace and the opportunity for distinguished logo signage throughout the building's lobby. The firm expects to move into the property by early 2021.

"Marcum is a dynamic, growing firm that was looking to upgrade the quality of its workplace with their expansion, while staying within its current submarket," said Perlman. "Having partnered with Marcum through the years, we understood the importance of identifying a location that would support the firm's business needs, most importantly its future growth and recruitment goals."

Ownership was represented by Neil King & Paul Amrich of CBRE. 730 Third Avenue is a prime 27-story, 665,110-square foot office tower located two blocks from Grand Central Terminal. The building's ownership is currently working on a large project to reimagine the space, adding two new lobbies, double-height storefronts and a 35,000 square-foot amenity center that will include a tenant-exclusive food hall, a fitness center, and a conference center. The building will also have a 7,000 square-foot roof terrace on the 22nd floor available to all tenant use.

About Marcum
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as select international locations. Headquartered in New York City, Marcum provides a full spectrum of traditional tax, accounting, and assurance services; advisory, valuation, and litigation support; managed accounting services; and an extensive portfolio of specialty and niche industry practices. The Firm serves both privately held and publicly registered companies, as well as nonprofit and social sector entities, high net worth individuals, private equity funds, and hedge funds, with a focus on middle-market companies and closely held family businesses. Marcum is a member of the Marcum Group, an organization providing a comprehensive array of professional services. For more information, visit www.marcumllp.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 18,000 professionals operate from approximately 480 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
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 Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

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