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Newmark Knight Frank Completes 44,800-Square-Foot Lease with Chuze Fitness in Anaheim, CA

Newport Beach, CA (04/12/2018)

8:00 AM

Newmark Knight Frank (NKF) has completed a 10-year, 44,800-square-foot lease with Chuze Fitness on behalf of the ownership. Chuze is currently underway on its interior build out and plans to open its door later this month.

NKF Senior Managing Director Mark Baziak and Associate Geoff Foley represented the landlord, Auburndale Properties. Chad Iafrate of Cushman & Wakefield represented the tenant.

Located at 121 N. Beach Blvd. in Anaheim, CA, Chuze Fitness will be located adjacent to Walmart as part of a two-tenant, 120,000-square-foot building. The space which was formerly occupied by Food for Less is well-located and highly visible at the intersection of Beach Blvd. and Lincoln Ave. which see a combined 93,000 vehicles per day.

"Chuze Fitness, a growing fitness brand, was seeking a high profile location and was willing to negotiate flexible lease terms with our client," said Baziak. "We feel that this was an ideal tenant for this center that will generate great cross-over traffic and long-term value for ownership."

About Newmark Knight Frank
Newmark Knight Frank ("NKF"), operated by Newmark Group, Inc. ("Newmark"), is one of the world's leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, NKF's 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, NKF's strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.

Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and NKF Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our 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. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world's largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.

Newmark, which is listed on the NASDAQ Global Select Market under the symbol "NMRK", is a publicly traded subsidiary of BGC Partners, Inc. ("BGC"), a leading global brokerage company servicing the financial and real estate markets. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol "BGCP". BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol "BGCA".

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 and BGC'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.