Octagon (IPG:NYSE), pioneer and leader in sports, music and entertainment management and marketing, is relocating its McLean, Va., headquarters this summer, according to its real advisor Newmark.
Octagon signed a new, long-term lease for 27,000 square feet at 7950 Jones Branch Drive, where it will have an efficient single floor with many amenities.
Hank Kobrin, Erica Rubinstein and Bill Zonghetti of Newmark represented the tenant in its move from 1751 Pinnacle Drive. Mark Roberts of Studley represented Gannett, which owns and occupies most of the property.
Newmark is one of the largest real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank together operate from more than 240 offices in established and emerging property markets on five continents. With a combined staff of more than 7,000 and revenues last year exceeding $993 million, this major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide. For further information, visit www.newmarkkf.com.
Newmark is a part of BGC Partners, Inc. (NASDAQ:BGCP), a leading global brokerage company primarily servicing the wholesale financial markets. For further information, visit www.bgcpartners.com.