Newmark Knight Frank (NKF) announced that it represented KBS Real Estate Investment Trust (KBS REIT III) in its 29,849-square-foot lease to FP1 Strategies at 3001 Washington Boulevard, a LEED® Gold Class A building in Arlington, VA. FP1 Strategies, known for its winning messaging and professional execution for political and issue-based campaigns, will occupy the entire sixth, seventh and eighth floors totaling 25 percent of the office space in the building. The building is now 99 percent leased.
FP1 Strategies is relocating from 1826 Jefferson Place, NW in Washington, DC. “We’re thrilled to add FP1 Strategies to 3001 Washington’s solid tenant roster that already includes Stantec and Urban Compass,” said the property’s asset manager Stephen Close, senior vice president of KBS.
KBS purchased 3001 Washington Boulevard in 2015. Designed by Noritake Associates and developed by Penzance in 2014, 3001 Washington Boulevard has street level retail space leased to Orangetheory Fitness. Located one block from the Clarendon Metro Station, the Class-A building offers views of Washington, DC landmarks from the upper floors and rooftop of sister building 3003 Washington Boulevard. In addition to its LEED Gold certification the building holds a Silver WiredScore.
NKF Senior Managing Director Steve Hoffeditz led the transaction with Executive Managing Director Ed Clark and Associate Wes Evans on behalf of KBS REIT III, the building’s owner. FP1 was represented by Michael Goldman and Kamis O’Farrell of MGA Company.
“Proximity to Metro, recent renovations and superior views make 3001 Washington Boulevard an attractive option for employers who are catering to today’s workforce,” said Hoffeditz.
About FP1 Strategies
FP1 Strategies is a full service media agency that provides multi-channel marketing campaigns to grassroots and digital political and issue-based campaigns.
KBS Realty Advisors is a private equity real estate company and SEC-registered investment advisor founded in 1992. KBS Realty Advisors and its affiliated companies have completed transactional activity of over $38 billion via 16 separate accounts, six commingled funds, five sovereign wealth funds and eight REITs. For information visit www.kbs.com.
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.