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NEWMARK GROUP, INC.

(NMRK)
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Newmark : Announces $59.1 Million Sale of 186,231-Square-Foot Office Asset in Broomfield, CO

09/22/2021 | 04:12pm EDT
Newmark Announces $59.1 Million Sale of 186,231-Square-Foot Office Asset in Broomfield, CO September 22nd, 2021 1:30pm

The LEED Platinum certified property, 105 Edgeview, is 100% occupied by eight tenants

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September 22, 2021 1:30 PM

Newmark announces the $59.1 million sale of 105 Edgeview, a 186,231-square-foot, Class A office asset in the Interlocken Advanced Technology Environment in Broomfield, Colorado. Newmark Vice Chairman John Jugl and Director John Gustafson represented the seller Invesco Real Estate, a global real estate investment manager, in the transaction to an undisclosed buyer.

105 Edgeview is 100% leased to eight tenants and is anchored by Gogo Inc., a leading global aero-communications service providing which will establish aviation's first and only 5G air to ground (ATG) network in 2022.

"The US 36 Corridor continues to see strong demand from investors; this dynamic translated to a competitive process with offers from REITs, institutional capital, private equity and domestic and international family offices," said Jugl.

Completed in 2012, the building is one of the newer buildings in Northwest Denver and is certified as LEED Platinum with unique sustainable design elements. Strategically located in the heart of the Denver-Boulder corridor and with high visibility from US-36, 105 Edgeview provides immediate access to major arterials as well as one of the most educated workforces in the country.

"The strength of the US 36 Corridor is driven by the evolving demographics and growing population which has led to the addition of new schools, recreation centers, restaurants and other amenities. Combined with proximity to Boulder and Denver, US 36 Corridor companies have convenient access to the area's workforce, which is becoming more important to businesses and their employees seeking shorter commuting times," concluded Gustafson.

About Invesco Real Estate
Invesco Real Estate is a global leader in the real estate investment management business with $85.2 billion in real estate assets under management, 592 employees and 21 regional offices across the U.S., Europe and Asia (as of June 30, 2021). Invesco Real Estate has been actively investing in core, value-add and opportunistic real estate strategies since 1992. Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect, wholly owned subsidiary of Invesco Ltd. Invesco Ltd. is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; www.invesco.com.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Our comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, growing startups to leading companies. In 2020, Newmark generated revenues in excess of $1.9 billion. Newmark, together with London-based partner Knight Frank and independently owned licensees, operates globally from approximately 490 offices with 19,300 professionals. To learn more, visit nmrk.com or follow @newmark.

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. These include statements about the effects of the COVID-19 pandemic on the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. 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.

Disclaimer

Newmark Group Inc. published this content on 22 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2021 20:11:07 UTC.


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Sales 2021 2 566 M - -
Net income 2021 623 M - -
Net Debt 2021 - - -
P/E ratio 2021 5,76x
Yield 2021 0,27%
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Barry M. Gosin Chief Executive Officer
James D. Kuhn President & Head-Investor Services
Michael J. Rispoli Chief Financial Officer
Howard William Lutnick Chairman
Sridhar Potineni Chief Information Officer
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