Newmark is pleased to announce that it advised New York State’s Empire State Development (ESD) on its successful bid for Amazon’s East Coast HQ2 operations, the largest state development project in state history.
As one of the world’s leading commercial real estate advisory firms, Newmark played a key role as a trusted advisor, helping ESD understand Amazon’s selection criteria and how to best position itself for the deal. Through the process, Newmark’s Location Strategy and Site Selection specialty practice provided specific expertise in large headquarters’ case study site selection, labor analytics, competitive assessment and benchmarking, financial modeling and experiential advice on targeted aspects of the combined ESD and City of New York proposal bid package.
“We are proud of our team, which leveraged years of experience to give the best possible advice to ESD. We worked with ESD as a trusted advisor, helping to showcase the scale, infrastructure and young, highly-skilled talent pool that New York City offers Amazon,” said Robert Hess, vice chairman of Global Corporate Services. “We are pleased to have helped ESD develop the right mindset and approach to deliver on this economic opportunity for the city, state and entire region.”
The Newmark team was led by Hess, a veteran in corporate site selection processes with more than 30 years of experience, and Managing Director Tim Walden, who handled the day to day needs of client service. Also assisting with the effort was Senior Managing Director Rajeev Thakur, Managing Director Chris Volney and Senior Financial Analyst Rob Peck, with support from the entire Newmark platform.
Newmark (“Newmark”), 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, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’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. Newmark Group is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”) (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets.
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