Newmark Grubb Phoenix Realty Group Completes 6.24-Acre Land Sale In Gainesville, Florida

Jacksonville, Fla. (July 7, 2015) — Newmark Grubb Phoenix Realty Group (NGPRG) recently completed a $2 million sale of a 6.24-acre commercial land parcel in Gainesville, Florida.

TKO Hotels of Aberdeen, SD purchased the land, located at SW 40th Boulevard in the largest retail and hotel corridor in Gainesville, from Atkins Storage and Office Center, LTD (Atkins) of Gainesville, Florida.

The seller was represented by Ladson Montgomery, Senior Vice President/Principal and Rick Sutton, Retail Specialist with NGPRG.

“Atkins is a long-term, knowledgeable Gainesville land owner that procured the development rights for a 5-story, 139-room hotel on the parcel which is the last buildable hotel site between I-75 and the University of Florida,” said Montgomery.

About Newmark Grubb Phoenix Realty Group

Newmark Grubb Phoenix Realty Group is a full-service commercial real estate company serving Northeast Florida and Southeast Georgia. The firm has completed more than 80 million square feet of transactions since its inception in 1993. Today, Newmark Grubb Phoenix Realty Group provides industrial, office, retail and investment brokerage services representing tenants, buyers, landlords and sellers, as well as third-party and institutional investors of every size. Through Newmark Grubb Knight Frank, one of the world’s leading commercial real estate advisory firms, our clients have access to opportunities in every major market throughout the country, as well as across the globe. For further information, visit www.phoenixrealty.net or call 904.399.5222.

About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,000 professionals operate from more than 330 offices in established and emerging property markets on six continents.

With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.

NGKF is a part of BGC Partners, Inc., 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 (NASDAQ: 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 (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.


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