Newmark is pleased to announce that it has been engaged as the exclusive office and retail leasing agent for Norton Crossing, a $50 million, 25-acre mixed-use development in Whitehall, Ohio. The developer, Continental Real Estate Companies, hired Newmark to market and pre-lease the highly anticipated development, which is planned to open in the fall of 2019.
Currently underway, Norton Crossing is located on the prominent corner of East Broad Street and South Hamilton Road, on the site of the razed Commons at Royal Landing apartment complex, and a few additional smaller parcels. Continental Real Estate Companies plans to build two, two-story office/medical buildings, retail/restaurant space, park-like common areas and a three-story apartment complex featuring 360 units and a community center. Newmark Directors Cory Kooperman and Steve Siegel will lead the brokerage team assigned to lease the office and retail spaces for the new development.
“We are thrilled to be working with Continental Real Estate Companies on this first-class, dynamic project,” said Kooperman. “Norton Crossing will be an incredible mixed-use project offering tenants modern amenities such as a proposed Snap Fitness facility and Hob Knob Tavern, a first-class casual dining restaurant as well as additional retail/restaurant uses. We believe that Norton Crossing will be transformational for the area and we expect to have interest from a multitude of users.”
Whitehall has seen a recent influx of corporate relocations to the city. Wasserstrom Companies, the world’s leading restaurant supplier and distributor of food service supplies and equipment, recently relocated to 50,000 square feet in Whitehall and Heartland Bank recently moved into a new, $10 million, 60,000-square-foot corporate headquarters and branch. The city of Whitehall is on an aggressive path to lure new corporate jobs within the city limits through attractive tax incentives.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and Newmark Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world’s largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
Newmark, which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), 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 “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 “BGCA”.
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