9 Points for Hiring a Commercial Real Estate Company

By Scott Henley

If you’re looking for commercial space or have space that you need to sell or lease, you have two options: Do it yourself or enlist the help of a professional commercial real estate agent. Choose well and you’ll doubtless realize a boost in overall efficiency and profitability. Scott Henley of Jacksonville’s Newmark Grubb Phoenix Realty, a company specializing in commercial real estate and project risk management, offers nine points to consider when hiring a commercial real estate company.

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Newmark Grubb Phoenix Realty Group Brokers Sale of 109 Stevens Street

Jacksonville, Fla. (July 20, 2015) — Newmark Grubb Phoenix Realty Group (NGPRG) recently completed a $1.85 million sale of a 168,000-square-foot industrial facility located at 109 Stevens Street, Jacksonville, Fla.

Atlantic Safety Products of Pittsfield, N.H. purchased the building from Lexington Realty Trust. Lexington Realty Trust is a real estate investment trust that owns a diversified portfolio of equity and debt interests in single-tenant commercial properties and land.

The seller was represented by Bryan Bartlett, Senior Vice President/Principal and John Richardson, President/Principal with NGPRG.

The multi-tenant manufacturing and warehouse distribution facility is located in Jacksonville’s Westside, Jacksonville’s largest industrial submarket, on 7.96 acres of land.

The buyer, Atlantic Safety Products, is a widely known industry leader in hand protection. It manufactures the Lightning Gloves line, featuring the Black Lightning Glove, the first ever black nitrile glove made specifically for the automotive industry. Atlantic Safety Products plans to use the property as a distribution facility for its products.

“By expanding its operations here, Atlantic Safety Products is investing not only in this asset, but Jacksonville as well,” said Mr. Bartlett.

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/.

Five Location Strategies That Could Save You Millions

By Scott Henley

Choosing just where to open a new business, move an existing business or expand into new markets is among the most crucial decisions you’ll make for the financial and reputational health of your company. Making the right choice can open up additional revenue streams, significantly boost your client base and strengthen your business’s brand. But a location misstep can cost you millions in wasted expenses and unrealized sales, plus damage your company’s competitive standing.

Newmark Grubb Phoenix Realty Group offers these seven top location strategies that can help boost your business’s profitability, positively impact your P&L statements, and improve your chances for long-term success.

corporate real estate

Newmark Grubb Phoenix Realty Group helps business leaders achieve success through better real estate solutions.

  1. Think long-term: Many businesses unwisely approach their corporate location strategies as something of a short-term checkers match. Rather, your approach should be more akin to a long-term chess game. Establishing a new location is heavily resource-intensive, sapping funds, time and energy. Make it worth your while by opting for locations that will serve you well into the future.

  2. Research what’s coming: Locations evolve over time. Area populations age and not all locales are considered attractive to younger, savvier consumers looking for places to live, work and shop. Also, politics that can affect business may change with new elected officials. Carefully study the current and projected populations and politics of any location you’re considering.

  3. Stay informed on infrastructure: An area’s infrastructure features such as roads and bridges can significantly impact your business if not adequately maintained. Before choosing a specific address, check with city and state transportation officials to assure that local roadways are well maintained and that no major changes that could affect your business are in the works.

  4. Consider operating expenses: Your choice of city can impact the total operating expenses of a business or branch. Available workforce, training programs, economic incentives, and cost of labor – all of these components can have an impact on the profitability of a business as a whole, not just a specific business unit.

  5. Know your tax and regulation limits: A business’s various branch locations will fall under different state and local income sales tax laws, which can impact earnings. Government zoning laws can limit the size and construction specifications of buildings and the use of signage. Plus, state and local laws can affect the types of permits and licenses necessary to legally operate a business in a particular area.

Don’t wager your business’s success on a poorly chosen location. Before making a potentially ill-fated move, consult with Scott Henley at Newmark Grubb Phoenix Realty Group. Call Scott directly at 904-514-2883 to schedule an appointment.

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