Newmark Grubb Phoenix Realty Group Inks 208,000 SF Lease at Former Food Lion Distribution Center in Green Cove Springs, FL

Jacksonville, Fla. (August 27, 2015) — Newmark Grubb Phoenix Realty Group’s (NGPRG) President/Principal John Richardson, SIOR and Senior Vice President/Principal Bryan Bartlett, SIOR represented the owner, Green Cove LLC, in a 208,000 square foot lease located at 4627 JP Hall Boulevard, Green Cove Springs, Fla. with Calavo Growers. Kevin Kelly of CBRE represented the tenant. The deal will bring 262 new jobs to the area.

The +793,583 square foot multi-tenant warehouse and cold-storage distribution facility is located on 141 acres and has 1.4 miles of on-site interior and exterior CSX-served rail.

Headquartered in Santa Paula, California, Calavo Growers is a global avocado-industry leader and provider of value-add fresh foods, according to its website. Founded in 1924, the company also procures and markets other fresh produce items ranging from tomatoes to tropical produce, and the company’s Calavo Foods business segment manufactures and distributes guacamole, guacamole hummus, salsa and tortilla chips under the Calavo brand name. The company plans to use the facility to manufacture and distribute goods.

“The availability of the existing big-box freezer/cooler space coupled with Clay County’s business-friendly environment and the local skilled labor force fit Calavo’s needs perfectly and were instrumental in getting the deal done,” said John Richardson, President/Principal of NGPRG.

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 12,800 professionals operate from more than 370 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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